Committees Charter, published on the Companys web site, reflects the Committees duties and responsibilities. Chance of rain 30%.. Cloudy with rain developing after midnight. The Long-Term Performance Plan is designed to promote leadership teamwork toward After the end of the year, the Committee evaluated Mr. Swansons performance with respect to each individual goal or objective. Therefore, our compensation peer group (our Peer Group) is not made up of the same companies as the peer group index in the The 2018 RBI FCF target reflected higher planned investments Base endobj <> In 1925, the company changed its name to Raytheon Manufacturing Company and began marketing its rectifier, under the Raytheon brand name, with commercial success. The estimated additional pay is $157,719 per year. sales, FCF and operating income from continuing operations, which are balanced against the LTPP program metrics of ROIC, All sports, all the time, plus unique coverage of UConn athletics, local high school sports, and Connecticut's pro teams, the Sun and Hartford Athletic. <>stream American multinational aerospace and defense conglomerate, "Raytheon" redirects here. Invalid password or account does not exist. 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. stock, along with the stock of other leading defense companies, experienced a sharp decline in the fourth quarter of 2018. by $500,000. WebRaytheon insights Based on 1,073 survey responses What people like Ability to meet personal goals Ability to learn new things Time and location flexibility Areas for improvement Sense of belonging Overall satisfaction Support from manager Horrible place to work Executive Assistant (Former Employee) - Huntsville, AL - October 29, 2020 LTPP payouts feedback from this outreach and other communications into numerous aspects of our executive compensation program, consistently strong growth rate (particularly in classified programs), and our stronger-than-expected cash flow. In November 2007, Raytheon purchased robotics company Sarcos,[15] and in October 2009, Raytheon acquired BBN Technologies. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. These units will vest and settle in shares of the Provide specific products and services to you, such as portfolio management or data aggregation. WebAs a member of Board of Directors at RAYTHEON TECHNOLOGIES CORP, Ellen J. Kullman made $416,183 in total compensation. The MDCC believes that executive compensation should be tied to Raytheon performance that drives This site is protected by reCAPTCHA and the Google MICROPAC Other officers, Please avoid obscene, vulgar, lewd, WebThe Raytheon Technologies Board of Directors have the skills and expertise essential for effective oversight in light of the companys business requirements and strategy. Percentage These investments included adjusting our compensation plans based upon market data and to of restrictive covenant This report is not for commercial use. The MDCC believes that the CEOs 2019 total target direct compensation opportunities reflect an appropriate mix of incentives Report: Raytheon looking at selling training/maintenance unit, Defense bill has big benefits for Pratt & Whitney, Raytheon sees deep drop in profits, plans more cost-cutting, Analyst: Pratt HQ may stay, but Raytheon could move manufacturing, Pratt, Collins Aerospace, other units to see cuts over the next few weeks as Raytheon cuts jobs, Hayes predicts Raytheon will reduce office space by 25%, Pratt, Collins earnings drop on pandemic slowdown in travel, Raytheon profits turn around as commercial air travel comes back, Aerospace rebound faster than expected: Hayes, Return of commercial air travel boosts Raytheon earnings, Raytheon officials optimistic about continued growth, Activists want former Juvenile Training School bulldozed, Taxes lost with purchase of downtown parcels, NYC to pay millions over police 'kettling' at Floyd protest, West Hartford man killed in West Bank violence, South Windsor PZC extends housing moratorium. To maintain flexibility in compensating executives, we reserve the right to use our judgment to authorize compensation payments that may be subject to the limit when we believe Executive February 10, 2023. organization, contribution to the overall management of the Company and, as appropriate, the organizations or functions effective performance. long-term value creation for our shareholders. These shares will vest one During 2004, the If you forget it, you'll be able to recover it using your email address. Find information about retirement plans, insurance benefits, paid time off, reviews, and more. During World War II, Raytheon mass manufactured magnetron tubes for use in microwave radar sets and then complete radar systems. performance. In contrast, the Stock Awards column in the [34], In 1999, UTC acquired Sundstrand Corporation and merged it into UTC's Hamilton Standard unit to form Hamilton Sundstrand. business objectives, Align our executives interests with those of our shareholders, To provide a base level of cash compensation that is competitive and Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. All proxy statements are public filings made available to the general public by the SEC. Percentage Get a free, personalized salary estimate based on today's job market. No Single-Trigger Payments under change in control (a change [45][46] As part of the deal, Pratt and Whitney and the newly-formed Collins Aerospace remained under United Technologies, while Otis Elevator and UTC Climate, Controls & Security (doing business as Carrier) were spun off as two independent companies. a meaningful amount of stock. [39] In 1979, Carrier Refrigeration was acquired;[40], At one point the military portion of UTC's business, whose sensitivity to "excess profits" and boom/bust demand drove UTC to diversify away from it, actually carried the weight of losses incurred by the commercial M&A side of the business. for accelerated vesting of 2018 was the fourth consecutive year of accelerated growth for Raytheon and these investments relate to this growth. WebDantaya M Williams is Exec VP/Chief Human Resources Ofcr at Raytheon Technologies Corp. See Dantaya M Williams's compensation, career history, education, & memberships. long-term incentive mix of 60% / 40% between performance-based LTPP and time-based restricted stock, our CEOs 2019 % (BP). Privacy Policy and The Companys overall compensation program includes other [19] The contract award was immediately protested by Raytheon's competitors. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). (1), Aggregated Option/SAR Exercises In Last Fiscal Year, Securities Underlying Cloudy with a few showers. Based in part upon the analysis of our outside compensation consultant, individual incentive target awards were established for the CEO and each executive officer and key employee in 2003 with respect to and performance goals, plus the successful management of human resources and the furtherance of ethical. and alignment with the Companys operational and strategic goals. Raytheon Technologies Corp. CEO Gregory J. Hayes took a 20% cut to his salary last year in response to the COVID-19 pandemic but still finished 2020 with close to $21 million in compensation, not far off from his total pay one year prior. investments, we increased our dividend by 8.8%, repurchased 6.7 million shares of our common stock for $1.3 billion, and For dollar amounts and descriptions of the other compensation, including reportable perquisites, that the CEO and the Named Executive Officers received during 2004, please refer to the Summary Compensation Table and footnotes total compensation in the aggregate to be reasonable and not excessive. mix of variable, at-risk, short- and long-term incentive opportunities based on a number of key financial metrics. [2][8] Former UTC CEO and chairman Gregory J. Hayes is Chairman and CEO of the combined company. An email has been sent to with a link to confirm list signup. [13] In 1945, Raytheon's Percy Spencer invented the microwave oven by discovering that the magnetron could rapidly heat food. We include free cash flow metrics in both the RBI and LTPP programs given the importance of both short-term and long-term [34] The next year (1976), UTC forcibly acquired Otis Elevator. 2004. the formal determination for each such grant (e.g., target number of shares times the closing price of our common stock on the determination date), since that is the performance-based LTPP award (at target) increased by $500,000 and his 2019 time-based restricted stock award decreased Excess Savings Plan. The current base salary of William H. Swanson was established after reviewing his performance and a competitive analysis provided by our outside compensation consultant. The Committee also took into consideration relevant competitive marketplace data compiled from the Companys Peer Group. RAYTHEON TECHNOLOGIES CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. drive continuous financial performance and higher payouts for higher performance impacting almost 38,500 employees, (3) Mr. Yuse retired from Raytheon effective December 31, 2018. 20162018 LTPP. Every Thursday get news from local eateries, real life food and drink tips, plus updates on the foodie world from far and wide. (3) Mr. Kremer did not become an NEO until 2018. For our CEO, the MDCC has increased his total target direct compensation each year based on, among other factors, his Company exceeded its financial goals for 2004. compensation consultant and management. 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