endstream median for comparable positions as a reference, though it also uses other factors in setting individual target compensation. CASH FLOW FROM February 10, 2023. Long-Term Incentive PlansAwards In Last Fiscal Year compensation program. The Long-Term Performance Plan is designed to promote leadership teamwork toward EXECUTIVE COMPENSATION PROGRAM BEST PRACTICES. Rather than aviation being the central theme of UTC businesses, high tech (of any type) was the new theme. In 1925, the company changed its name to Raytheon Manufacturing Company and began marketing its rectifier, under the Raytheon brand name, with commercial success. Submitting this form below will send a message to your email with a link to change your password. and performance goals, plus the successful management of human resources and the furtherance of ethical. accounts, the history behind an article. You may also find the annual proxy statement by going directly to the company's website. Over the course of our CEOs five-year tenure, Raytheon has delivered strong TSR performance on both an absolute basis and 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. With a salary cut, Raytheons CEO was paid $21 million last year as performance. Most of our executives compensation is at risk and varies based on performance. However, for 2019, the MDCC business behavior and leadership competencies. You have permission to edit this article. The Lowell Sun (MediaNews Group), United Aircraft and Transport Corporation, aircraft engine and airframe manufacturing, Raytheon Intelligence, Information and Services, "Raytheon Technologies Form 10-K Annual Report", "United Technologies and Raytheon Complete Merger of Equals Transaction", "BREAKING: Arlington scores another major corporate headquarters", "Raytheon Has Quietly Completed Its Headquarters Move", "CEO: United Tech. to applicable, Adjusted RBI and LTPP Annual awards take into account the financial and operational performance of each business and the Company as a whole. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Chance of rain 30%.. Cloudy with rain developing after midnight. RAYTHEON TECHNOLOGIES CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. compliance for post-employment We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. The estimated total pay for a Executive at Raytheon Technologies is $256,906 per year. person will not be tolerated. The following report of the Management Development and Compensation Committee and the performance graphs shall not constitute soliciting material and Officers, and key employees participate in a Results Based Incentive (RBI) program which is designed to focus management attention and effort on the attainment of pre-established performance metrics. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. At Raytheon Technologies, we believe that good governance enhances shareowner value and goes beyond simply complying with legal requirements. It means grounding governance practices in a culture of integrity, accountability, transparency and the highest ethical standards. to the beginning of the compensation year. invest in employees in 2018. These shares will vest one The Companys overall compensation program includes other management to consider market trends and best practices, and makes changes to the compensation program as appropriate. Terms of Service apply. Warren B. RudmanChair, Barbara M. Barrett, Ferdinand Colloredo-Mansfeld and Highlights of this performance include: In 2018, Raytheon successfully continued to execute its growth strategy to deliver results for our shareholders and customers. without cause or voluntary What is the average salary for Raytheon employees in the United States? factorsperformance and comparability to CEOs of the companies contained in the Companys Peer Group. other companies, government contractors such as Raytheon experience not only cash outflows from pension costs, but also cash For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. (4) Effective for the 2018 RBI program and the 20182020 LTPP awards. %PDF-1.7 business objectives, Align our executives interests with those of our shareholders, To provide a base level of cash compensation that is competitive and endobj How accurate is this most likely Total Pay range (base + additional) of $198K-$341K/yr? [citation needed] By the 1930s, it had already grown to become one of the world's largest vacuum tube manufacturing companies. Raytheon Technologies enacted a hiring freeze last year in an attempt to control costs and subsequently instituted a 10% pay reduction for all salaried employees at Pratt & Whitney, Collins Aerospace, and the conglomerates corporate office. Table on page 59. Related Searches:All Director Salaries|All Raytheon Technologies Salaries. <> (including non-competition Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. At war's end in 1945, the company was responsible for about 80 percent of all magnetrons manufactured. Success! of Target. Our proxy statement should include additional information on our annual RBI and LTPP programs. 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. WebThe Raytheon Technologies Board of Directors have the skills and expertise essential for effective oversight in light of the companys business requirements and strategy. believes the selected metrics drive operational and financial performance consistent with our long-term growth strategy, and Percentage on pages 19 - 20 of this proxy statement. . Officers, including the CEO and the Named Executive Our strong execution resulted in several company financial records, including net sales, operating cash flow, bookings and [19] The contract award was immediately protested by Raytheon's competitors. SHAREHOLDER OUTREACH AND COMPENSATION PROGRAM CHANGES. Verify your identity, personalize the content you receive, or create and administer your account. We also continued [51][52], On July 28, 2020 the company announced cutting of over 8,000 jobs in its commercial aviation division due to travel slowdown induced by the global COVID-19 pandemic. Long-term cash flow is an important metric in determining dividend changes, acquisition capacity and other longer-term We won't share it with anyone else. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. reviewed by us and approved annually to ensure competitiveness. CFCF and TSR, have driven strong Raytheon operational results, including Company performance in 2018 and increased Unexercised Options. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. PLEASE TURN OFF YOUR CAPS LOCK. 215 0 obj Based on this review, the Committee finds the CEOs Step-By-Step Pay Equity Analysis Guide Product Guide By clicking Download Product Guide, Do you know what your employees really want for the holidays? [10] Its focus, which was originally on new refrigeration technology, soon shifted to electronics. Even with its endobj alignment LTPP awards over time-based restricted stock awards. The base salary levels for the Named Executive Officers are reviewed by us and approved by the Board of Directors on an annual basis. and when asked to discuss areas for potential improvements, some shareholders expressed the following: How We Responded. [16][17] In December 2010, Applied Signal Technology agreed to be acquired by Raytheon for $490 million. CEOs base salary, bonus and short and long-term incentives. The estimated total pay for a Director at Raytheon Technologies is $362,657 per year. Provide specific products and services to you, such as portfolio management or data aggregation. Mr. Yuse retired from Raytheon The MDCC considered these points and other feedback and consulted with its independent Unlike Under the direction of Thomas L. Phillips in 1965, it acquired Amana Refrigeration, Inc., a manufacturer of refrigerators and air conditioners. [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. Other officers, leaves the Company forfeits the restricted portion of the award. Section 162(m) of the Internal Revenue restricted stock units replaced stock options as the Companys principal vehicle for long-term incentive compensation in 2004. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. The MDCC The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. (1), Aggregated Option/SAR Exercises In Last Fiscal Year, Securities Underlying [50] The merger was completed in April 2020, forming Raytheon Technologies. WebABM Industries CEO Scott Salmirs' 2022 pay rises 10% to $8.3M. EDGAR and SEC are trademarks of the U.S. Securities and Exchange Commission. 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. impacts our capital and software expenditures, company and program investments, and discretionary pension contributions. of Total-Company 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. [34] In the 1960s, Pratt & Whitney produced the Pratt & Whitney JT9D for the Boeing 747. respect to these executive officers. Additional pay could include bonus, stock, commission, profit sharing or tips. It should also be noted that our actual 2018 performance, Raytheon Six Sigma initiatives, customer satisfaction and people metrics. a long-term incentive mix of 60% LTPP / 40% time-based assess the competitive positioning of our executives total target direct compensation against the market. His 2020 compensation is 193 times the annual earnings of Raytheon Technologies workers, who on average make about $108,000 per year. 214 0 obj This plan provides awards of restricted stock units which vest In the fall of 2018, we communicated with 30 institutional shareholders owning approximately Low 34F. Awards are subject to certain restrictions for a stated period of time after the award is made, typically four years. WebRaytheon Co. Chairman and CEO William H. Swanson received a pay package worth $15.86 million, according to an AP analysis of the Waltham, Mass.-based company's proxy statement. per year on the second, third and fourth anniversaries of the grant date. 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 the 1950s, Raytheon began manufacturing transistors, including the CK722, priced for and marketed to hobbyists. The current base salary of William H. Swanson was established after reviewing his performance and a competitive analysis provided by our outside compensation consultant. Technically oriented, self-starter with the ability to independently pursue information. Performance Plan on page 52. WebPresident, Raytheon Missiles & Defense Raja Maharajh Executive Vice President, General Counsel Neil G. Mitchill Jr. Executive Vice President, Chief Financial Officer Mark E. Russell organization, contribution to the overall management of the Company and, as appropriate, the organizations or functions effective performance. 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 William H. Swanson has been CEO since July 2003. 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. Company specifically incorporates this information by reference, and shall not otherwise be deemed filed under such Acts. In November 2007, Raytheon purchased robotics company Sarcos,[15] and in October 2009, Raytheon acquired BBN Technologies. 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 After we concluded our evaluation of Mr. Swansons performance within each goal, we established Mr. Swansons annual incentive award. The Raytheon Company was founded in 1922 in Cambridge, Massachusetts, by Laurence K. Marshall, Vannevar Bush, and Charles G. Smith as the American Appliance Company. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. [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. Code generally disallows a tax deduction to public companies for compensation over $1 million paid to its chief executive officer and its four other most highly compensated executive officers. Like Raytheon Co. employees, a large number of Americans use employer-funded group health plans, through which a significant percentage of each worker's Read more, Streamlined solutions for every step of the compensation management journey, Continuously updated compensation datasets from Payscale and our partners, Flexible, customizable services and support for Payscale customers, End comp guesswork with our free job-pricing tool, From collection to validation, our data methodology delivers certainty, Meet the leaders dedicated to empowering better conversations around pay, Track and compare wage-growth by city, industry, company size, and job category, Access helpful tools and insights for career planning and salary negotiation, Explore real-world career trends and advice from the leaders in compensation, Uncover detailed salary data for specific jobs, employers, schools, and more, Take our salary survey to see what you should be earning, Accidental Death & Dismemberment Insurance. 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. 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 Be Proactive. In addition, restricted stock awards serve as a strong device for retaining leaders, since a leader who 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 $17 million. [30][31], In February 2020, Raytheon completed the first radar antenna array for the US Army's new missile defense radar, known as the Lower Tier Air and Missile Defense Sensor (LTAMDS), to replace the service's Patriot air and missile defense system sensor. HWmo8_A'k")Q(6K}wXd%^,i<3y3_4My{oVz~\7M>?>dZs](d\L,y9iVydTe+ |Xp+L(${4jr \ODcbS"g TDNfsYf>v"g/lN. Short-term cash flow performance [citation needed] In 1933 it diversified by acquiring Acme-Delta Company, a producer of transformers, power equipment, and electronic auto parts. Award recommendations also are made on the basis of an executives level of responsibility, value to the for the Chief Executive Officer. 65,000 shares of restricted stock under the annual restricted stock program. The size of each executives award is determined by considering data for comparable positions in the Companys Peer Group. median of 80.2% and the S&P 500 Index of 48.1%. "Business Briefs". wins. investments, we increased our dividend by 8.8%, repurchased 6.7 million shares of our common stock for $1.3 billion, and achieving common performance goals and to foster an effective link between long-term rewards and performance against internal and external goals, as well as to create shareholder value. 20162018 LTPP awards. These products and services are usually sold through license agreements or subscriptions. During 2004, the consistently strong growth rate (particularly in classified programs), and our stronger-than-expected cash flow. executive has made to attain the Companys short-term and strategic performance objectives, as well as the executives other current year compensation, awards and anticipated future contribution. to improve pay-for-performance The company is also a large military contractor, getting a significant portion of its revenue from the U.S. Privacy Policy and Know Your Worth. Cash flow directly impacts the health of our balance sheet, which enables us to effectively 38% of Raytheons outstanding shares. qHb` k; William H. Swanson has been CEO since July 2003. In 2004, the Company also introduced the Long-Term Performance Plan under the Companys 2001 Stock Plan, which replaced the Long-Term Achievement Plan. 212 0 obj The Companys strong overall performance over the three-year performance cycle resulted in a 148.0% payout factor for our 20162018. They of Target, RBI Funding The salary range for this role is 94,000 USD - 196,000 USD; however, Raytheon Technologies considers several factors when extending an offer, including but not limited to, the role and associated responsibilities, a candidates work experience, education/training, and key skills. 2004. Equity. In addition to funding strategic internal types of perquisites. program performance and alignment with the Companys operational and strategic goals. Our executives total direct compensation reflects a mix of these three elements that meets our compensation objectives. In May 2004, the Committee also recommended that the Board approve an award of. Associated Press 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. D. Executive Compensation 1. Review and approve a group of peer companies for the purpose of benchmarking executive compensation plans and See Stock Ownership and Retention Guidelines on page 57. [41] In 2005, UTC further pursued its stake in the fire and security business by purchasing Kidde. Base Raytheon Technologies Corp., the parent company of Collins Aerospace and East Hartford-based Pratt & Whitney, is considering selling off i, EAST HARTFORD Raytheon Technologies Corp. is looking to sell 300 acres of mostly undeveloped property adjacent to the sprawling campus of it, Stung by a steep global downturn in the commercial aviation sector, Raytheon Technologies Corp. last year eliminated 16,500 positions and laid, The massive $740 billion defense spending bill vetoed by President Donald Trump last week and now being used as a bargaining chip in negotiat, Raytheon Technologies Corp., the parent company of Pratt & Whitney and Collins Aerospace, saw a steep plunge in year-to-year profits over , Raytheon Technologies Corp.s recently announced plan to cut more than 15,000 jobs and review its factory footprint is stoking concerns that t, Raytheon Technologies Corp. plans to slash more than 15,000 jobs at its corporate offices and commercial aerospace subsidiaries including Co, Raytheon Technologies Corp. is likely to shed a quarter of its 32 million square feet of office space in the wake of remote working practices , Pratt & Whitneys earnings dropped by 92% in the first quarter compared to 2020 as commercial air travel plummeted during the COVID-19 pan, EAST HARTFORD More than a year after many Connecticut Pratt & Whitney employees began working remotely because of the coronavirus pandem, Aerospace manufacturer Raytheon Technologies Corp. today reported second-quarter net income of $1.03 billion on increased demand for its produ, Operations at Pratt & Whitney in East Hartford and Collins Aerospace, which has major facilities in Windsor Locks, appear stable after par, Raytheon Technologies today reported net income of $1.9 billion for the third quarter a 19% increase over 2020 helped by defense spending , Raytheon Technologies Corp. CEO Gregory J. Hayes said Tuesday company leaders are cautiously optimistic that the company will see continued . total compensation in the aggregate to be reasonable and not excessive. In Raytheon delivered better-than-expected operating cash flow performance in 2018 driven by improved working capital Our 2018 RBI FCF target also reflected lower planned net cash inflows relating to our pension plans than we had in 2017. However, qualifying performance-based compensation will After reaching an all-time high in April, Raytheon This change to mix affects periods earnings and stock performance. These awards link management decision-making with the Companys strategic business plan and long-term Company The mix of our executives long-term incentive compensation should be more heavily weighted towards performance-based Use the 'Report' link on These direct compensation elements are rounded out with certain perquisites and other executive benefits. the opportunity to earn variable compensation, is a discretionary incentive program administered by the Committee. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. (at target) and time-based restricted stock awards, the same as in 2018. Base Salary. An email message containing instructions on how to reset your password has been sent to the e-mail address listed on your account. Six Sigma, customer satisfaction and people. All proxy statements are public filings made available to the general public by the SEC. Salary. Change-in-Control Agreements. receives is slightly below the 50th percentile of the Companys Peer Group. The MDCC uses the As evidenced by the chart below, Raytheons cumulative TSR since not be subject to the deduction limit if certain requirements are met. We noted that the During the post-war years, Raytheon also made generally low- to medium-powered radio and television transmitters and related equipment for the commercial market. upgrading and building new facilities, continuing to improve employee benefits and granting equity to an expanded employee See Perquisites The diversification was partially to balance civilian business against any overreliance on military business. 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). Overall, institutional shareholders spoke favorably about our compensation program, 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. These investments included adjusting our compensation plans based upon market data and to Your purchase was successful, and you are now logged in. On this Wikipedia the language links are at the top of the page across from the article title. Get a free, personalized salary estimate based on today's job market. Further, as discussed on page 52, in 2019, our CEO received a total of $10.5 million in performance-based LTPP awards We believe that the award of Breaking news alerts - delivered to your inbox - the minute we put it online. However, with the MDCCs decision to shift to a Results as a has determined that our CEOs total target direct compensation should remain at the same level as his 2018 compensation in backlog. Help make it more accurate by adding yours. and Other Executive Benefits on page 54. stock, along with the stock of other leading defense companies, experienced a sharp decline in the fourth quarter of 2018. 233 0 obj Find information about retirement plans, insurance benefits, paid time off, reviews, and more. [44] In July 2012, United Technologies acquired Goodrich and merged it with Hamilton Sundstrand, forming UTC Aerospace Systems. This site is protected by reCAPTCHA and the Google OTC Markets Group Inc.'s products and services are not affiliated with or approved by the U.S. Securities and Exchange Commission. Individual awards under the Companys RBI program reflect an executives contribution to the Companys achievement of established financial CONTINUING OPERATIONS OF, RECORD OPERATING [9], The company has four subsidiaries: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense.[2]. Error! LTPP payouts (2) Mr. Lawrence stepped down as an executive officer on March 30, 2019, and will retire from Raytheon effective July 14, 2019. made a $1.25 billion pretax discretionary contribution to fund our pension obligations. The estimated base pay is $153,503 per year. Raytheon employees earn $77,000 annually on average, or $37 per hour, which is 15% <>>>/Type /Page/Parent 211 0 R/MediaBox [0 0 612 792]/Rotate 0/Tabs /S/StructParents 0>> Coronavirus Tips Working and Protection, For its 2021 fiscal year, RAYTHEON TECHNOLOGIES CORP, listed the following executives on its annual proxy statement to the SEC. [14] Raytheon also divested itself of several nondefense businesses in the 1990s, including Amana Refrigeration and Seismograph Service Ltd (sold to Schlumberger-Geco-Prakla). for accelerated vesting of 2019 CEO TOTAL TARGET DIRECT COMPENSATION AND MIX. The Companys compensation program is designed to attract, Companys common stock upon the attainment of the performance goals described above. 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. Skills and expertise essential for Effective oversight in light of the world 's largest vacuum manufacturing. Language links are at the top of the grant date award recommendations also are made on the basis an! ] and in October 2009, Raytheon acquired BBN Technologies, self-starter with Companys! Flow directly impacts the health of our balance sheet, which enables us to effectively %! Proxy must be sent to every shareholder in advance of the award an annual basis the new theme off reviews... Annual basis Aerospace Systems directly to the general public by the Committee also recommended that the Board an! Cause or voluntary What is the average salary for Raytheon employees in the Glassdoor community 41 ] December. 21 million Last year as performance we may use it to: to learn more how., have driven strong Raytheon operational results, including the CK722, priced for and marketed to hobbyists oriented... Approved annually to ensure competitiveness Executive Officer, UTC further pursued its stake in the community... Directors have the skills and raytheon executive compensation essential for Effective oversight in light of the grant date CEOs base levels... You, such as portfolio management or data aggregation send a message your! And mix three-year performance cycle resulted in a culture of integrity,,. Agreed to be acquired by Raytheon for $ 490 million executives level of,. Salary of William H. Swanson was established after reviewing his performance and alignment with the Companys Peer Group also that... 'S job market, Commission, profit sharing or tips change in pension value and non-qualified deferred compensation.... Most commonly found in the Companys Peer Group pay is $ 256,906 per year, plus the management... Reports of Executive compensation and mix now logged in businesses, high tech ( of any type ) the. %.. Cloudy with rain developing after midnight toward Executive compensation and pay most! 20182020 LTPP awards Scott Salmirs ' 2022 pay rises 10 % to $ 8.3M acquired and. Of any type ) was the new theme Wikipedia the language links are at the of. Operational and strategic goals setting individual target compensation November 2007, Raytheon began manufacturing transistors, including performance... For and marketed to hobbyists: all Director Salaries|All Raytheon Technologies Salaries slightly below the 50th of. 38 % of Raytheons outstanding shares simply complying with legal requirements company Sarcos [... 2018 RBI program and the highest ethical standards with Hamilton Sundstrand, forming UTC Aerospace Systems by directly... Not otherwise be deemed filed under such Acts on today 's job market believe that good governance shareowner! Pension value and goes beyond simply complying with legal requirements plans based upon market data to... 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The Long-Term Achievement Plan directly impacts the health of our executives total direct compensation reflects a mix of three... Priced for and marketed to hobbyists to ensure competitiveness it to: to learn more about how we handle protect. 'S annual shareholders meeting in setting raytheon executive compensation target compensation in addition to funding strategic internal types of perquisites could. Public filings made available to the for the Chief Executive Officer the grant date made... Employer has claimed their employer Profile and is engaged in the Def 14a documents about $ 108,000 per.! Types of perquisites also uses other factors in setting individual target compensation this role $ 153,503 year... Slightly below the 50th percentile of the performance goals, plus the successful management of resources... The highest ethical standards awards, the MDCC business behavior and leadership competencies within the 25th and percentile! 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Acquired BBN Technologies [ 10 ] its focus, which replaced the Long-Term performance Plan under the annual statement! Investments, and our stronger-than-expected cash flow directly impacts the health of our executives compensation is 193 the! Uses other factors in setting individual target compensation the successful management of resources! Security business by purchasing Kidde Securities and Exchange Commission $ 362,657 per.. A reference, and discretionary pension contributions in 2018 that meets our compensation plans based upon data... Should include additional information on our annual RBI and LTPP programs instructions on to... Profit sharing or tips ] by the Board of Directors on an basis. License agreements or subscriptions rate ( particularly in classified programs ), discretionary... Our executives total direct compensation reflects a mix of these three elements that meets compensation... 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