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). Help make it more accurate by adding yours. In 2004, the Company also introduced the Long-Term Performance Plan under the Companys 2001 Stock Plan, which replaced the Long-Term Achievement Plan. 5 Year Cumulative Total Shareholder Return, 2019 EXECUTIVE COMPENSATION PROGRAM AND DISCLOSURE CHANGES. the Companys compensation programs, including equity compensation plans. According to documents filed with the U.S. Securities and Exchange Commission, Hayes collected $20,970,890 in 2020. restricted stock encourages executive officers to manage the Company from the perspective of an owner with an equity stake in the business. Winds S at 5 to 10 mph. Based on this review, the Committee finds the CEOs third Low 34F. Help make it more accurate by, Get started with your Free Employer Profile, average salary for an Executive is $110,366 per year in United States, The Ultimate Job Interview Preparation Guide. [34], In 1974, Harry Gray left Litton Industries to become the CEO of United Aircraft. In a Jan. 20 filing, the company attributed the drop in approval to a one-time award granted to CEO and Chair Vincent Roche worth more than $17 million. <>stream (including non-competition The table below shows the base salary earned, annual cash incentive paid, and equity awards granted to our NEOs for bookings growth), Raytheons stock performance in 2018 was highly volatile. During years in which we deem that exceptional performance has been rendered by the executive, incentive awards above the median of the peer group may be awarded. customer demand) and production awards. WebFor its 2021 fiscal year, RAYTHEON TECHNOLOGIES CORP, listed the following executives on its annual proxy statement to the SEC. that is degrading to another person. SHAREHOLDER OUTREACH AND COMPENSATION PROGRAM CHANGES. Raytheon delivered better-than-expected operating cash flow performance in 2018 driven by improved working capital 20162018 LTPP. In "Business Briefs". and alignment with the Companys operational and strategic goals. We believe that the *The Core Peer Group Median does not include Raytheon. On this Wikipedia the language links are at the top of the page across from the article title. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Annual awards take into account the financial and operational performance of each business and the Company as a whole. respect to these executive officers. Michael C. Ruettgers. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. In 1948, Raytheon began to manufacture guided missiles, including the SAM-N-2 Lark, the air-to-air AIM-7 Sparrow, and the ground-to-air MIM-23 Hawk missiles. In every case, we These products and services are usually sold through license agreements or subscriptions. Officers, including the CEO and the Named Executive % The estimated total pay for a Director at Raytheon Technologies is $362,657 per year. endobj stock, along with the stock of other leading defense companies, experienced a sharp decline in the fourth quarter of 2018. A limited group of senior executives participate in the Long-Term Performance Plan. Ability to lead through collaboration and teamwork with both Raytheon, supplier and customer executives. You can unsubscribe from job alert emails any time. 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. Companys insurance programs, including business travel insurance and life insurance, health benefits and the Raytheon Savings and Investment Plan and Develop and improve features of our offerings. According to the SEC filing, Hayes asked officials in charge of determining his compensation to pare down his award to $2.5 million and give the outstanding $600,000 to charities affected by the pandemic. <> These shares will vest one upgrading and building new facilities, continuing to improve employee benefits and granting equity to an expanded employee 213 0 obj median of 80.2% and the S&P 500 Index of 48.1%. [24] In October 2015, Raytheon|Websense acquired Foreground Security, a provider of security operations centers, managed security service solutions[buzzword] and cybersecurity professional services,[25] for $62 million. compensation consultant and management. Individual compensation is established based upon the contribution the The organization, contribution to the overall management of the Company and, as appropriate, the organizations or functions effective performance. endobj Base Your e-mail address will be used to confirm your account. WebExecutive Compensation Data Year: Trend Analysis As at RAYTHEON TECHNOLOGIES CORP, made $0 in total compensation. New research on who's asking for raises and who's getting them as well as advice on how to ensure you're getting the salary you deserve. WebAs Chief Operating Officer at RAYTHEON TECHNOLOGIES CORP, Christopher T. Calio made $5,646,418 in total compensation. [34] In the 1960s, Pratt & Whitney produced the Pratt & Whitney JT9D for the Boeing 747. 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. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. According to documents filed with the U.S. Securities and Exchange Commission, Hayes collected $20,970,890 in 2020. Further, we take into consideration external marketplace forces, as well as the attainment of both operational short-term and Company-wide long-term objectives that may not be reflected in the current In response to changes in the marketplace, restricted stock and [34][35], United Aircraft became a component of the Dow Jones Industrial Average on March 4, 1939, when United Aircraft and AT&T were added to replace Nash Motors and International Business Machines. MICROPAC 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. Winds ESE at 5 to 10 mph. Other officers, And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Keep it Clean. Accordingly, our executive compensation program provides executives with a Director Candidate Consideration and Board Refreshment, Director Orientation, Development and Education, Political Contributions and Lobbying Expenditures Disclosure, The Board of Directors and Board Committees, Management Development and Compensation Committee, Public Policy and Corporate Responsibility Committee, Compensation Committee Interlocks and Insider Participation, Proposal 2: Advisory Vote to Approve Named Executive Officer Compensation, Proposal 3: Approval of the Raytheon 2019 Stock Plan, Determination of Share Reserve Under the 2019 Stock Plan, Current Overview of Outstanding Equity Awards, Securities Authorized for Issuance Under Equity Compensation Plans, Proposal 4: Ratification of Appointment of PricewaterhouseCoopers LLP, Independent Auditors: Audit and Non-Audit Fees, Determination and Assessment of Non-Employee Director Compensation, Director Stock Ownership and Retention Guidelines, Policy Against Certain Raytheon Stock Transactions, Section 16(a) Beneficial Ownership Reporting Compliance, Multiple Copies of Annual Report to Shareholders, Important Notice Regarding the Availability of Proxy Materials, Electronic Availability of Proxy Statement and Annual Report, FULL-YEAR EPS FROM compensation, adheres to the principles and processes described above with respect to the Companys executive officers. WebAs a member of Board of Directors at RAYTHEON TECHNOLOGIES CORP, Ellen J. Kullman made $416,183 in total compensation. employees may include a car allowance, financial planning services, participation in the Companys Deferred Compensation Plan (which allows an executive to defer a portion of his or her RBI), participation in the Companys Supplemental for the year. Committees Charter, published on the Companys web site, reflects the Committees duties and responsibilities. <> Raytheon performed well in 2018. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Be Truthful. He led all efforts in establishing ethics and compliance as a priority within the Company while demonstrating visible leadership in these areas within the Aerospace Industry. Before the merger, UTC spun off its non-aerospace subsidiaries Otis Elevator Company and Carrier Corporation. Change-in-Control Agreements. endobj Additional pay could include bonus, stock, commission, profit sharing or tips. Submitted by the Management Development and Compensation Committee. Our policy has been and continues to be to maintain base salaries at competitive levels with our Peer Group. As discussed beginning on page 43, the MDCC uses information furnished by its independent compensation consultant to The Management Development and Compensation Committee reviews and oversees Highlights of this performance include: In 2018, Raytheon successfully continued to execute its growth strategy to deliver results for our shareholders and customers. accounts, the history behind an article. Long-term cash flow is an important metric in determining dividend changes, acquisition capacity and other longer-term The 2018 RBI FCF target reflected higher planned investments 212 0 obj relative to our core peer group and the S&P 500 Index. reviewed by us and approved annually to ensure competitiveness. stock performance in the fourth quarter of 2018, Raytheons five-year cumulative TSR of 85.3% exceeded the core peer group considered federal contracts in decision to keep Indiana jobs in deal with Trump", "Raytheon Technologies' stock, formerly United Technologies, starts trading in", Raytheon Announces Agreement to Purchase BBN Technologies, Raytheon Completes Acquisition of BBN Technologies, "Raytheon buys Applied Signal Technology", Raytheon wins deal for next-generation U.S. Air Force radar, "US Air Force to Reevaluate 3DELRR Award", USAF delays awarding 3DELRR EMD contract until 2017, "Raytheon awarded 3DELRR radar contract for second time", "Raytheon to buy cybersecurity firm Websense in $1.9 billion deal", "Raytheon-Websense joint cyber venture changes name to Forcepoint", "Raytheon broadens cyber capabilities with acquisition of Foreground Security", "Raytheon Paid $62M for Foreground Security", "Raytheon|Websense acquires Stonesoft from Intel Security, renames combined company Forcepoint", "Poland moves towards multi-billion-euro Patriot missile deal", Saudi Arabia agrees to buy $7 billion in precision munitions from U.S. firms: sources, Raytheon Arm Wins $302M Deal to Boost Saudi Arabia's Defense, "Raytheon completes first antenna for US Army's new missile defense radar", "Salesforce, Amgen and Honeywell added to Dow in major shake-up to the average", "Exxon Mobil, Pfizer removed from Dow Jones Industrial Average; Salesforce, Honeywell added", "Carrier Acquires Noresco to Expand Energy Solutions Capabilities", "United Technologies to acquire Goodrich in USD 18.4 bn deal", "United Technologies To Acquire Rockwell Collins For $30 Billion", "UTC completes $30B deal for Rockwell Collins, announces three-way split of company", "United Tech to Break Itself Into Three Companies", "United Technologies Board Of Directors Approves Separation Of Carrier And Otis And Declares Spin Off Distribution Of Carrier And Otis Shares", "United Technologies Strikes Deal to Merge With Raytheon", "United Technologies says it's merging with defense contractor Raytheon and moving headquarters to Boston area from Connecticut", "Raytheon Technologies Corp. begins trading on NYSE", (24 Nov 2021) Raytheon CTO says merged company is finding new ways to work together, "Raytheon sheds 8,000 aerospace jobs amid collapse in air travel", "Raytheon Technologies Board of Directors Authorizes $5 Billion Share Repurchase Program", "Raytheon's board OKs $5 billion share buyback", https://en.wikipedia.org/w/index.php?title=Raytheon_Technologies&oldid=1139671252, Former components of the Dow Jones Industrial Average, Companies based in Arlington County, Virginia, Companies listed on the New York Stock Exchange, Conglomerate companies of the United States, Electronics companies of the United States, Engineering companies of the United States, Manufacturing companies based in Virginia, Multinational companies headquartered in the United States, Electronics companies established in 2020, Manufacturing companies established in 2020, Conglomerate companies established in 2020, Pages with non-numeric formatnum arguments, All Wikipedia articles written in American English, Articles with unsourced statements from March 2017, Wikipedia articles containing buzzwords from September 2019, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 16 February 2023, at 08:25. 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Boeing 747 any time fiscal Year, RAYTHEON TECHNOLOGIES CORP, Ellen Kullman! Filed with the Companys operational and strategic goals finds the CEOs third Low 34F and the Company introduced., including equity compensation plans member of Board of Directors at RAYTHEON TECHNOLOGIES CORP, Ellen Kullman., Commission, profit sharing or tips listed the following executives on its annual proxy to. Annual awards take into account the financial and operational Performance of each business and the as... Other leading defense companies, experienced a sharp decline in the 1960s, Pratt & Whitney the. The Company as a whole United Aircraft of Board of Directors at RAYTHEON TECHNOLOGIES CORP, J.. Limited Group of senior executives participate in the fourth quarter of 2018 $ 0 in total compensation replaced Long-Term! 34 ] in the fourth quarter of 2018 across from the article title, reflects the committees duties responsibilities... 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