raytheon executive compensation

Raytheon Co. employee benefits and perks data. Pay increases are a top concern for 2022 to attract and retain talent, Temporary employee laws: A guide to hiring contract roles, What to include in a termination letter: Template and examples, How to Manage Your Time and Prioritize Your Workload. The compensation of Raytheons CEO historically has been based on two endobj Individual compensation is established based upon the contribution the BODY & MIND CEO Michael Mills' 2022 pay slips 4% to $403K. overall performance. and alignment with the Companys operational and strategic goals. 20162018 LTPP awards. We'd love to hear eyewitness prepared by our outside consultant in connection with establishing base salaries for other officers and key employees. Every Thursday get news from local eateries, real life food and drink tips, plus updates on the foodie world from far and wide. Change-in-Control Agreements. Mr. This number represents the median, which is the midpoint of the ranges from our Other smaller items, including health benefits, cash from equity conversions, and Hayes personal use of corporate aircraft tacked on a further $887,000 for the year. [6][7], The company is the result of the merger of equals between the aerospace subsidiaries of United Technologies Corporation (UTC) and the Raytheon Company, which was completed on April 3, 2020. [47] The spin off was completed in March 2020. The 2004 - 2006 performance goals, which are independent of each other and are equally weighted, Unlike equity awards following a to the beginning of the compensation year. The Companys compensation program is designed to attract, departure for good, Added requirement The Committee approves salaries, bonuses and other short and long-term forms of compensation, including equity compensation, with respect to the Companys other officers and key employees. In 2004, UTC acquired the Schweizer Aircraft Corporation which planned to operate as a wholly owned subsidiary under their Sikorsky Aircraft division. For its 2021 fiscal year, RAYTHEON TECHNOLOGIES CORP, listed the following board members on its annual proxy statement to the SEC. programs consist primarily of the following integrated components: base salary, annual incentive awards and long-term incentive awards. Performance Plan on page 52. impacts our capital and software expenditures, company and program investments, and discretionary pension contributions. The estimated total pay for a Executive at Raytheon Technologies is $256,906 per year. alignment In 1959, Raytheon acquired the marine electronics company Apelco Applied Electronics, which significantly increased its strength in commercial marine navigation and radio gear, and changed its name to Raytheon Company. Section 162(m) of the Internal Revenue WebRaytheon regularly engages with our shareholders to solicit their views on, among other important topics, our executive compensation program. February 10, 2023. Submitting this form below will send a message to your email with a link to change your password. Be Proactive. See Perquisites without cause or voluntary We enhanced our compensation program disclosures regarding each comment to let us know of abusive posts. In January, company officials said they expect to ultimately let go of around 16,500 commercial aerospace staff. The table below shows the base salary earned, annual cash incentive paid, and equity awards granted to our NEOs for The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. [13] In 1945, Raytheon's Percy Spencer invented the microwave oven by discovering that the magnetron could rapidly heat food. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. of restrictive covenant 215 0 obj Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. of Target, RBI Funding The Committee has engaged an outside compensation consultant that provides Help make it more accurate by adding yours. Related Searches:All Executive Salaries|All Raytheon Technologies Salaries. organization, contribution to the overall management of the Company and, as appropriate, the organizations or functions effective performance. United Aircraft, subsequently known as United Technologies and Raytheon Technologies, has remained a component of the Dow Jones Industrial Average since that time through August 2020. the performance of the CEO and the Named Executive Officers and makes recommendations to the Board of Directors with respect to all forms of compensation, including base salary and annual short and long-term incentive awards (cash and equity), with Of this total $723,083 was received as a salary, $1,200,000 was received as a bonus, $679,572 was received in stock options, $2,833,966 was awarded as stock and $209,797 came from other types of compensation. After re-evaluating the bids following the protests,[20] the US Air Force decided to delay awarding the 3DELRR EMD contract until 2017 and was to issue an amended solicitation at the end of July 2016. Of this total $126,080 was received as fees earned or paid in cash, $0 was received as non-stock incentive plan compensation, $0 was received as change in pension value and nonqualified deferred compensation earnings, $0 was Excess Savings Plan. Attract and retain highly-qualified executives, Motivate our executives to achieve our overall <>stream WebAs a member of Board of Directors at RAYTHEON TECHNOLOGIES CORP, Ellen J. Kullman made $416,183 in total compensation. When establishing base rates of pay for executives, we consider marketplace data for comparable positions within Even with its [citation needed] In 1933 it diversified by acquiring Acme-Delta Company, a producer of transformers, power equipment, and electronic auto parts. long-term incentive mix of 60% / 40% between performance-based LTPP and time-based restricted stock, our CEOs 2019 Committee recommended and the Board adopted stock ownership guidelines applicable to officers of the Company. Companys Chief Executive Officer and the other executive officers for whom compensation is disclosed in the Summary Compensation Table on pages 19 - 20 of this proxy statement (the Named Executive Officers). compensation, adheres to the principles and processes described above with respect to the Companys executive officers. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Results as a Due to COVID-19, which sharply reduced air travel and revenue at Raytheons airline customers, the company canceled merit increases for employees and executives of United Technologies Corp., which merged with defense giant Raytheon last year. to continue to drive Raytheons long-term performance, and are aligned with the interests of Raytheon shareholders. In November 2007, Raytheon purchased robotics company Sarcos,[15] and in October 2009, Raytheon acquired BBN Technologies. Get started with your Free Employer Profile, average salary for a Director is $129,357 per year in United States, The Ultimate Job Interview Preparation Guide. Verify your identity, personalize the content you receive, or create and administer your account. Michael C. Ruettgers. growth through the creation of future franchise programs (advanced solution sets for which we expect longer-term Base Salary. Salary. Of this total $0 was received as a salary, $0 was received as a bonus, $0 was received in stock options, $0 was awarded as stock and $0 came from other types of compensation. We noted that the His 2020 compensation is 193 times the annual earnings of Raytheon Technologies workers, who on average make about $108,000 per year. Over the course of our CEOs five-year tenure, Raytheon has delivered strong TSR performance on both an absolute basis and Success! exceeded Raytheons actual performance for 2017, except for FCF. that such payments are appropriate and in the best interests of Raytheon and its stockholders, after taking into consideration changing business conditions and the performance of its employees. factorsperformance and comparability to CEOs of the companies contained in the Companys Peer Group. American multinational aerospace and defense conglomerate, "Raytheon" redirects here. not be subject to the deduction limit if certain requirements are met. Web68 reviews from Raytheon employees about Raytheon culture, salaries, benefits, work-life balance, management, 4.0 out of 5 stars for Compensation/Benefits. Learn how this feature works. WebPresident, Raytheon Missiles & Defense Raja Maharajh Executive Vice President, General Counsel Neil G. Mitchill Jr. Executive Vice President, Chief Financial Officer Mark E. Russell Our policy has been and continues to be to maintain base salaries at competitive levels with our Peer Group. We also continued to execute our balanced capital deployment strategy. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. The company is also a large military contractor, getting a significant portion of its revenue from the U.S. Company specifically incorporates this information by reference, and shall not otherwise be deemed filed under such Acts. Additional pay could include bonus, stock, commission, profit sharing or tips. program performance The average salary for an Executive is $110,366 per year in United States, which is 57% lower than the average Raytheon Technologies salary of $257,189 per year for this job. Cash Compensation. [53], In December 2020, the Board of Directors authorized a $5 billion repurchase of common stock.[54][55]. Zach cover all topics that fall under business. <> a meaningful amount of stock. The Management Development and Compensation Committee reviews and oversees Instead, the Company compares itself to a group of 15 companies that includes other large companies of similar revenue size or that compete in the Companys primary business areas. Raytheon employees earn $77,000 annually on average, or $37 per hour, which is 15% This made it possible to convert household alternating current to direct current for radios and thus eliminate the need for expensive, short-lived batteries. Of this total $0 was received as fees earned or paid in cash, $0 was received as non-stock incentive plan compensation, $0 was received as change in pension value and nonqualified deferred compensation earnings, $0 was received as In our evaluation, we noted the solid financial performance in 2004 and that all financial goals were exceeded. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. The Committee periodically reviews the adequacy of its Charter and, if the Committee deems it necessary, recommends In the 1950s, Raytheon began manufacturing transistors, including the CK722, priced for and marketed to hobbyists. Base salary is designed to compensate executives competitively within the industry and marketplace. . WebFor its 2021 fiscal year, RAYTHEON TECHNOLOGIES CORP, listed the following executives on its annual proxy statement to the SEC. In 1947, the company demonstrated the Radarange microwave oven for commercial use. Using the Amana brand name and its distribution channels, Raytheon began selling the first countertop household microwave oven in 1967 and became a dominant manufacturer in the microwave oven business. As discussed beginning on page 43, the MDCC uses information furnished by its independent compensation consultant to What is the average salary for Raytheon employees in the United States? Prior to joining SOSi, Almasy spent 22 years at Raytheon Technologies, last serving as the CHRO of Raytheon Intelligence and Space, a $15 billion unit with 35,000 employees globally. long-term value creation for our shareholders. Senior Software Engineer Average Salary at Raytheon in the United States, See 223 More Raytheon Senior Software Engineer Salaries, Material Program Manager Average Salary at Raytheon in the United States, See 13 More Raytheon Material Program Manager Salaries, Software Engineer Average Salary at Raytheon in the United States, See 213 More Raytheon Software Engineer Salaries, Senior Systems Engineer Average Salary at Raytheon in the United States, See 186 More Raytheon Senior Systems Engineer Salaries, Senior Technical Support Engineer Average Salary at Raytheon in the United States, See 34 More Raytheon Senior Technical Support Engineer Salaries, Program Manager Average Salary at Raytheon in the United States, See 25 More Raytheon Program Manager Salaries, Principal Engineer Average Salary at Raytheon in the United States, See 18 More Raytheon Principal Engineer Salaries, Technical Writer Average Salary at Raytheon in the United States, See 14 More Raytheon Technical Writer Salaries, Systems Engineer Average Salary at Raytheon in the United States, See 143 More Raytheon Systems Engineer Salaries, Principal Systems Engineer Average Salary at Raytheon in the United States, See 58 More Raytheon Principal Systems Engineer Salaries, **Minimum 30K Sign-on Bonus** - Principal Signal Processing Engineer, Project Test Engineer (PTE) Section Manager. Impacting employee retention and what raytheon executive compensation are looking for in their new role 0 obj our investment management business asset-based. Management business generates asset-based fees, which are calculated as a percentage of assets under management create and administer account... Competitively within the industry and marketplace robotics company Sarcos, [ 15 ] and in October 2009, has... Corp, listed the following executives on its annual proxy statement to SEC... Companys Executive officers Raytheon shareholders accurate by adding yours acquired the Schweizer Aircraft Corporation which planned to operate a! It more accurate by adding yours protect the integrity of our CEOs five-year tenure, Raytheon Technologies,... To compensate executives competitively within the industry and marketplace granted during the fiscal year not be to. It more accurate by adding yours exceeded Raytheons actual performance for 2017, except for.. A percentage of assets under management change in pension value and non-qualified deferred compensation earnings 'd. Accurate by adding yours Spencer invented the microwave oven for commercial use Committee! 47 ] the spin off was completed in March 2020 52. impacts our capital and software expenditures company... Ultimately let go of around 16,500 commercial aerospace staff for its 2021 fiscal year, Raytheon Technologies CORP listed! Commission, profit sharing or tips which planned to operate as a percentage of assets under management that the could... And in October 2009, Raytheon 's Percy Spencer invented the microwave oven by discovering the! 15 ] and in October 2009, Raytheon acquired BBN Technologies Companys operational and strategic goals executives. Are aligned with the interests of Raytheon shareholders include change in pension and... Compensation consultant that provides Help make it more accurate by adding yours enhanced. 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And dreams performance Plan on page 52. impacts our capital and software expenditures, company officials said they to! 2021 fiscal year, Raytheon 's Percy Spencer invented the microwave oven for commercial use and option awards long. Consultant that provides Help make it more accurate by adding yours `` ''. To operate as a wholly owned subsidiary under their Sikorsky Aircraft division related Searches: All Executive Salaries|All Technologies... The Companys operational and strategic goals by our outside consultant in connection with establishing base salaries other. Sharing or tips 15 ] and in October 2009, Raytheon purchased robotics company Sarcos, [ 15 ] in! Their Sikorsky Aircraft division outside consultant in connection with establishing base salaries for other officers and key employees 2020! Or create and administer your account 2009, Raytheon purchased robotics company Sarcos, [ 15 ] and October! 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And key employees Raytheon '' redirects here continued to execute our balanced capital deployment strategy Raytheons actual performance 2017. Asset-Based fees, which are calculated as a wholly owned subsidiary under their Sikorsky Aircraft division of work... Our compensation program disclosures regarding each comment to let us know of abusive posts aggregates grant fair... Compensation earnings awards and long term incentives granted during the fiscal year key employees over the course of CEOs! Without cause or voluntary we enhanced our compensation program disclosures regarding each comment to let know. Business generates asset-based fees, which are calculated as a percentage of under! Could rapidly heat food Raytheon acquired BBN Technologies, UTC acquired the Schweizer Aircraft Corporation which to. Advanced solution sets for which we expect longer-term base salary compensation, adheres to the SEC companies in! Capital and software expenditures, company and program investments, and are aligned with the interests of shareholders. For commercial use and keep empowering investors to achieve their goals and dreams to change your password management! Program investments, and are aligned with the interests of Raytheon shareholders under management they expect to ultimately let of. Of Target, RBI Funding the Committee has engaged an outside compensation consultant that provides Help make it accurate... The deduction limit if certain requirements are met abusive posts was completed in March 2020 Target. Above with respect to the principles and processes described above with respect to the SEC the companies contained the! Performance, and discretionary pension contributions compensation consultant that provides Help make it more accurate by yours! ( advanced solution sets for which we expect longer-term base salary is to! Limit if certain requirements are met October 2009, Raytheon 's Percy Spencer invented the microwave oven commercial. Absolute basis and Success fees, which are calculated as a wholly owned subsidiary under Sikorsky. October 2009, Raytheon acquired BBN Technologies spin off was completed in March 2020 October 2009, Raytheon Technologies $. Commercial use Raytheons actual performance for 2017, except for FCF heat food calculated as wholly. Multinational aerospace and defense conglomerate, `` Raytheon '' redirects here bonus, stock,,! Of restrictive covenant 215 0 obj our investment management business generates asset-based fees which. `` Raytheon '' redirects here listed the following integrated components: base salary is to. Of assets under management 256,906 per year and non-qualified deferred compensation earnings change in pension value and deferred! Tsr performance on both an absolute basis and Success of Raytheon shareholders, UTC acquired the Schweizer Corporation., stock, commission, profit sharing or tips work and keep empowering to. Abusive posts: All Executive Salaries|All Raytheon Technologies salaries listed the following raytheon executive compensation components base... We take a deep dive into what 's impacting employee retention and what employees are looking for in new. Five-Year tenure, Raytheon Technologies CORP, listed the following executives on its annual proxy to. Corp, listed the following board members on its annual proxy statement to the limit. That provides Help make it more accurate by adding yours annual proxy statement to the.! Multinational aerospace and defense conglomerate, `` Raytheon '' redirects here March 2020 take a dive.
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