Before the merger, UTC spun off its non-aerospace subsidiaries Otis Elevator Company and Carrier Corporation.
An email message containing instructions on how to reset your password has been sent to the e-mail address listed on your account. Also in 1997, Raytheon acquired the aerospace and defense business of Hughes Aircraft Company from Hughes Electronics Corporation, a subsidiary of General Motors, which included a number of product lines previously purchased by Hughes Electronics, including the former General Dynamics missile business (Pomona facility), the defense portion of Delco Electronics (Delco Systems Operations), and Magnavox Electronic Systems. 3.4. a long-term incentive mix of 60% LTPP / 40% time-based
long-term objectives to enhance shareholder value and place Company executives in a responsible competitive range of total compensation considering the magnitude of business operations, strategic accomplishments, and Company performance. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Then-United Technologies President and CEO Gregory Hayes is shown on the floor of the New York Stock Exchange, Tuesday, Feb. 23, 2016. Be Truthful. In January, company officials said they expect to ultimately let go of around 16,500 commercial aerospace staff. pay. Based on this review, the Committee finds the CEOs
During World War II, Raytheon mass manufactured magnetron tubes for use in microwave radar sets and then complete radar systems. believes the selected metrics drive operational and financial performance consistent with our long-term growth strategy, and
the Companys Peer Group and the relative performance and contribution of each executive to the business. 215 0 obj As evidenced by the chart below, Raytheons cumulative TSR since
(2) Mr. Lawrence stepped down as an executive officer on March 30, 2019, and will retire from Raytheon effective July 14, 2019. Raytheon Co. employee benefits and perks data. WebAs a member of Board of Directors at RAYTHEON TECHNOLOGIES CORP, Ellen J. Kullman made $416,183 in total compensation. Learn how this feature works. every area of the Companys operations. We believe that the
(BP). endobj Performance Graphs on pages 26 - 27 of this proxy statement. Companys common stock upon the attainment of the performance goals described above. [note 1][5] Raytheon Technologies manufactures aircraft engines, avionics, aerostructures, cybersecurity, guided missiles, air defense systems, satellites, and drones. Breaking news alerts - delivered to your inbox - the minute we put it online. This number represents the median, which is the midpoint of the Be Proactive. 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. In 2004, the Company also introduced the Long-Term Performance Plan under the Companys 2001 Stock Plan, which replaced the Long-Term Achievement Plan. When establishing base rates of pay for executives, we consider marketplace data for comparable positions within
The base salary levels for the Named Executive Officers are reviewed by us and approved by the Board of Directors on an annual basis. Overall, institutional shareholders spoke favorably about our compensation program,
In recent years, the compensation of chief executives of big, publicly traded companies has risen steadily, despite efforts by lawmakers to restrain C.E.O. Know Your Worth. Companys compensation program should align executive compensation with the Companys business strategy and management initiatives and the overall performance of the Company. During the war, Raytheon also pioneered the production of shipboard radar systems, particularly for submarine detection. In 2003, UTC entered the fire and security business by purchasing Chubb Security. to the beginning of the compensation year. Fiscal WebABM Industries CEO Scott Salmirs' 2022 pay rises 10% to $8.3M. processes. PLEASE TURN OFF YOUR CAPS LOCK. OTC Markets Group Inc.'s products and services are not affiliated with or approved by the U.S. Securities and Exchange Commission. Terms of Service apply. to continue to drive Raytheons long-term performance, and are aligned with the interests of Raytheon shareholders. Related Searches:All Executive Salaries|All Raytheon Technologies Salaries. 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. 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. inflows from the U.S. government through the pricing of our products and services. The estimated additional pay is $103,687 per year. The Board's 20162018 LTPP awards. We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. Companys executive compensation program is designed to increase the total portion of cash and incentive compensation at risk at higher levels of. All proxy statements are public filings made available to the general public by the SEC. In 1928, Raytheon merged with Q.R.S. [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. shall not be deemed to be incorporated by reference into any other filing under the Securities Act of 1933 or under the Securities Exchange Act of 1934, including by any general statement incorporating this proxy statement except to the extent the
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. Annual Incentive Award. WebIn May 2015, Raytheon acquired cybersecurity firm Websense, Inc. from Vista Equity Partners for $1.9 billion and combined it with RCP, formerly part of its IIS segment to form [11] The electron tube was christened with the name Raytheon ("light of/from the gods"[12]) and was used in a battery eliminator, a type of radio-receiver power supply that plugged into the power grid in place of large batteries. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. The following report of the Management Development and Compensation Committee and the performance graphs shall not constitute soliciting material and
There was an error processing your request. This is the name that will be displayed next to your photo for comments, blog posts, and more. The table below shows the base salary earned, annual cash incentive paid, and equity awards granted to our NEOs for
to improve pay-for-performance
If you forget it, you'll be able to recover it using your email address. 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. prepared by our outside consultant in connection with establishing base salaries for other officers and key employees. internal investments over the past few years to ensure our capabilities are aligned with our customer needs. Performance Plan on page 52. 213 0 obj [18], In October 2014, Raytheon beat rivals Lockheed Martin and Northrop Grumman for a contract to build 3DELRR, a next-generation long-range radar system, for the US Air Force worth an estimated $1 billion. We believe that the award of
[32], In 1929, William Boeing's Boeing Airplane & Transport Corporation teamed up with Frederick Rentschler's Pratt & Whitney to form the United Aircraft and Transport Corporation, a large, vertically-integrated, amalgamated firm, uniting business interests in all aspects of aviationa combination of aircraft engine and airframe manufacturing and airline business, to serve all aviation markets, both civil aviation (cargo, passenger, private, air mail) and military aviation. You can unsubscribe from job alert emails any time. Additional pay could include bonus, stock, commission, profit sharing or tips. Cash Compensation. "Business Briefs". business objectives, Align our executives interests with those of our shareholders, To provide a base level of cash compensation that is competitive and
The
Change-in-Control Agreements. We reserve the right at any time to adjust funding for the program and, in our sole discretion, to interpret, amend or modify the
Job The MDCC uses the
Actual
For more updates about business in north-central Connecticut, follow Zach on Twitter: @ZachVasileJI. appreciation, To align long-term executive pay with performance, To align executives interests with those of Raytheon shareholders. Unlike
on pages 19 - 20 of this proxy statement. Ability to lead through collaboration and teamwork with both Raytheon, supplier and customer executives. Shareholder Value. periods earnings and stock performance. Gear advertisements and other marketing efforts towards your interests. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. The charts on this page feature a breakdown of the total annual pay for the top executives at RAYTHEON TECHNOLOGIES CORP as reported in their proxy statements. recognition of our 2018 TSR performance and to maintain his compensation at approximately the peer median. Section 162(m) of the Internal Revenue
invest in employees in 2018. 38% of Raytheons outstanding shares. The estimated total pay for a Director at Raytheon Technologies is $362,657 per year. Therefore, our compensation peer group (our Peer Group) is not made up of the same companies as the peer group index in the
He received a salary of $1.4 million, a bonus worth $2.5 million, and $14.5 million in stock awards and options, in addition to $1.5 million in pension earnings. by $500,000. Every Sunday, receive the most in-depth, interesting, and important stories of the week, picked by editors and readers. Get an email notification whenever someone contributes to the discussion. [42], In 2010, UTC conducted its largest acquisition to date, General Electric's security equipment business for US$1.8 billion, a move to support UTC's Fire & Security unit.[43]. 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
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