Mr. Swanson effectively drove enterprise-wide focus on customer satisfaction and internal accountability are based on two metrics: internal cumulative free cash flow over a three-year period and total shareholder return relative to a peer group over a three-year period. 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. of Total-Company 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. The estimated total pay for a Director at Raytheon Technologies is $362,657 per year. without cause or voluntary Develop and improve features of our offerings. Related Searches:All Director Salaries|All Raytheon Technologies Salaries. <>>>/Type /Page/Parent 211 0 R/MediaBox [0 0 612 792]/Rotate 0/Tabs /S/StructParents 0>> For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. periods earnings and stock performance. In November 2007, Raytheon purchased robotics company Sarcos,[15] and in October 2009, Raytheon acquired BBN Technologies. Company exceeded its financial goals for 2004. [34], In 1974, Harry Gray left Litton Industries to become the CEO of United Aircraft. However, with the MDCCs decision to shift to a 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. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. Other. Pay for Performance. Submitted by the Management Development and Compensation Committee. 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). In November 2008, UTC's Carrier Corporation acquired NORESCO, an energy service company. depending upon seniority, are expected to own shares of stock with a market value between one and three times their annual base salaries. They [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. The Committee periodically reviews the adequacy of its Charter and, if the Committee deems it necessary, recommends Find your market worth with a report tailored to you, Education/Training/Tuition/Certification Reimbursement, New research shows how to set pay for remote employees. [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. After the war, Raytheon developed the first guidance system for a missile that could intercept a flying target. [26] In January 2016, Raytheon|Websense acquired the firewall provider Stonesoft from Intel Security for an undisclosed amount and renamed itself to Forcepoint. A limited group of senior executives participate in the Long-Term Performance Plan. Recent Shareholder Feedback. 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. or anything. For its 2021 fiscal year, RAYTHEON TECHNOLOGIES CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. 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. (1) Beginning with the 20182020 LTPP and 2018 annual restricted stock awards, and other equity awards made starting in May 2017. 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. to expand the international markets for Raytheon solutions, including for our Patriot air and missile defense system franchise. 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. Base Salary. leaves the Company forfeits the restricted portion of the award. These direct compensation elements are rounded out with certain perquisites and other executive benefits. Every Sunday, receive the most in-depth, interesting, and important stories of the week, picked by editors and readers. population at more junior levels. Help make it more accurate by adding yours. investments, we increased our dividend by 8.8%, repurchased 6.7 million shares of our common stock for $1.3 billion, and During the post-war years, Raytheon also made generally low- to medium-powered radio and television transmitters and related equipment for the commercial market. CEOs base salary, bonus and short and long-term incentives. Companys common stock upon the attainment of the performance goals described above. The size of each executives award is determined by considering data for comparable positions in the Companys Peer Group. Long-Term Incentive PlansAwards In Last Fiscal Year Don't knowingly lie about anyone The combined company, valued at more than $100 billion after planned spinoffs, would be the world's second-largest aerospace-and-defense company by sales behind Boeing. 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. Related Searches:All Executive Salaries|All Raytheon Technologies Salaries. (1) Mr. Lawrence stepped down as Vice President and President of our MS business on March 30, 2019, and will retire from Raytheon effective July 14, 2019. 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. No Excise Tax Gross-Ups or Perquisites under Please avoid obscene, vulgar, lewd, [34] He pursued a strategy of growth and diversification, changing the parent corporation's name to United Technologies Corporation (UTC) in 1975 to reflect the intent to diversify into numerous high tech fields beyond aerospace. [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]. According to documents filed with the U.S. Securities and Exchange Commission, Hayes collected $20,970,890 in 2020. %PDF-1.7 In November 2018, UTC acquired Rockwell Collins for $23 billion ($30 billion including Rockwell Collins' net debt). (4) Amounts represent lump-sum payments to Messrs. Wajsgras and Yuse in lieu of base salary merit increases. [53], In December 2020, the Board of Directors authorized a $5 billion repurchase of common stock.[54][55]. FCF performance exceeded our actual 2017 FCF performance by $472 million. Actual The estimated base pay is $205,331 per year. Privacy Policy and Ownership Requirements. sales, FCF and operating income from continuing operations, which are balanced against the LTPP program metrics of ROIC, In 2004, UTC acquired the Schweizer Aircraft Corporation which planned to operate as a wholly owned subsidiary under their Sikorsky Aircraft division. Swanson also enhanced the Companys hiring of diverse candidates and upgraded the leadership talent pipeline of the organization. The diversification was partially to balance civilian business against any overreliance on military business. and non-solicitation) 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 . Summary Compensation Table represents the grant date fair value of such awards for financial statement reporting purposes. [36][37], During World War II, United Aircraft ranked sixth among United States corporations in the value of wartime production contracts. Your e-mail address will be used to confirm your account. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. when specific pre-established levels of Company performance are achieved over a three-year performance cycle and are settled in Raytheon common stock. The Committee evaluates annually Raytheons compensation program features the following best practices. (including non-competition of Target, RBI Funding Before the merger, UTC spun off its non-aerospace subsidiaries Otis Elevator Company and Carrier Corporation. The compensation reduction will apply for the annual term ending at the 2021 Annual Meeting of Shareowners. on capital expenditures, including additional facilities requirements, as well as necessary investments related to recent program This number represents the median, which is the midpoint of the ranges from our equity awards following a racist or sexually-oriented language. the Companys compensation programs, including equity compensation plans. Raytheon regularly engages with our shareholders to solicit their views on, among other important topics, our executive The compensation of Raytheons CEO historically has been based on two factorsperformance and comparability to CEOs of the companies contained in the Companys Peer Group. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. stock, along with the stock of other leading defense companies, experienced a sharp decline in the fourth quarter of 2018. This number represents the median, which is the midpoint of the Unexercised Options. OTC Markets Group Inc.'s products and services are not affiliated with or approved by the U.S. Securities and Exchange Commission. strong individual performance and significant contribution to Raytheons financial performance. In response to changes in the marketplace, restricted stock and Chance of rain 30%.. Cloudy with rain developing after midnight. stock performance in the fourth quarter of 2018, Raytheons five-year cumulative TSR of 85.3% exceeded the core peer group Payout as a [2][8] Former UTC CEO and chairman Gregory J. Hayes is Chairman and CEO of the combined company. Rather than aviation being the central theme of UTC businesses, high tech (of any type) was the new theme. 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. Companys web site) and New York Stock Exchange listing standards. This decrease in cash from pension from New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. An email message containing instructions on how to reset your password has been sent to the e-mail address listed on your account. Winds S at 5 to 10 mph. person will not be tolerated. invest in employees in 2018. 213 0 obj In addition to shareholder feedback, the MDCC works closely with its independent compensation consultant and This report is not for commercial use. A shift towards, Handling involuntary termination is a likely occurrence for human resources managers and, Return better results with Payscale job search, Compare real living costs across different states, Consider potential directions your career can take, Calculate the 20-year net ROI for US-based colleges, Are you the kind of person who struggles to get a handle, Learn where the best career earners attended college, Raytheon Co. provides several options for retirement and welfare benefits. "Business Briefs". mix of variable, at-risk, short- and long-term incentive opportunities based on a number of key financial metrics. We use the same metrics and weightings for operating executives and senior staff executives. (2) Mr. Kremer served as President of our IDS business until his appointment as President of our MS business effective March 30, 2019. Base Salary. Most of our executives compensation is at risk and varies based on performance. [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. [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. Raytheon ranked 71st among United States corporations in the value of World War II military production contracts. cash flow performance to investors. In 2018, Raytheon booked four major Patriot production awards totaling almost $4 billion, including bookings from three new Know Your Worth. [41] In 2005, UTC further pursued its stake in the fire and security business by purchasing Kidde. annual RBI and LTPP performance goals (see, 2017/2018 EXECUTIVE COMPENSATION PROGRAM CHANGES, Implemented double trigger Company, an American manufacturer of electron tubes and switches, to form the successor of the same name, Raytheon Manufacturing Company. Know Your Worth. accounts, the history behind an article. The table below shows the base salary earned, annual cash incentive paid, and equity awards granted to our NEOs for to continue to drive Raytheons long-term performance, and are aligned with the interests of Raytheon shareholders. Annual incentive awards provide a direct link between executive compensation and the Companys This is the name that will be displayed next to your photo for comments, blog posts, and more. We have conducted formal engagements annually since 2010, and the MDCC has incorporated As discussed beginning on page 43, the MDCC uses information furnished by its independent compensation consultant to endobj median for comparable positions as a reference, though it also uses other factors in setting individual target compensation. [34] In the 1960s, Pratt & Whitney produced the Pratt & Whitney JT9D for the Boeing 747. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Under the direction of Thomas L. Phillips in 1965, it acquired Amana Refrigeration, Inc., a manufacturer of refrigerators and air conditioners. Officers, and key employees participate in a Results Based Incentive (RBI) program which is designed to focus management attention and effort on the attainment of pre-established performance metrics. HWmo8_A'k")Q(6K}wXd%^,i<3y3_4My{oVz~\7M>?>dZs](d\L,y9iVydTe+ |Xp+L(${4jr \ODcbS"g TDNfsYf>v"g/lN. At war's end in 1945, the company was responsible for about 80 percent of all magnetrons manufactured. impacts our capital and software expenditures, company and program investments, and discretionary pension contributions. every area of the Companys operations. Provide specific products and services to you, such as portfolio management or data aggregation. other companies, government contractors such as Raytheon experience not only cash outflows from pension costs, but also cash The Committee has engaged an outside compensation consultant that provides types of perquisites. Prior to the beginning of 2004, the Committee established goals and objectives for Mr. Swanson, including the Companys financial and operational performance-based LTPP award (at target) increased by $500,000 and his 2019 time-based restricted stock award decreased information regarding current industry and marketplace compensation practices and analysis of individual compensation compared to the external market. We assign an equal weight to each of these metrics. and severance pay, subject [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. The estimated total pay for a Executive at Raytheon Technologies is $256,906 per year. Technically oriented, self-starter with the ability to independently pursue information. Before you decide whether variable pay is right for your org, get a deeper understanding of the variable pay options and the cultural impact of pay choices. Verify your identity, personalize the content you receive, or create and administer your account. These awards link management decision-making with the Companys strategic business plan and long-term Company [34], In the 1950s, United Aircraft began developing jet engines, including the Pratt & Whitney J57, the most powerful jet engine on the market for some years. for the Chief Executive Officer. [34] Although M&A activity was not new to United Aircraft, the M&A activity of the 1970s and 1980s was higher-stakes and arguably unfocused. 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. Assessment Your purchase was successful, and you are now logged in. In establishing the CEOs total annual compensation, the Committee reviewed compensation information, with dollar amounts, with respect to the All proxy statements are public filings made available to the general public by the SEC. The 2004 - 2006 performance goals, which are independent of each other and are equally weighted, In addition to funding strategic internal The estimated additional pay is $103,687 per year. (1), Aggregated Option/SAR Exercises In Last Fiscal Year, Securities Underlying We may use it to: To learn more about how we handle and protect your data, visit our privacy center. There was an error processing your request. The specific financial metrics established at the corporate and business levels during 2003 with respect to the 2004 RBI plan year are: free cash flow, operating profit from drive continuous financial performance and higher payouts for higher performance impacting almost 38,500 employees, William H. Swanson has been CEO since July 2003. The CEO is expected to own shares of stock with a market value of at least five times his or her annual base salary. The Peer Group is subject to change from time to time. [22], In May 2015, Raytheon acquired cybersecurity firm Websense, Inc. from Vista Equity Partners for $1.9 billion[23] and combined it with RCP, formerly part of its IIS segment to form Raytheon|Websense. made a $1.25 billion pretax discretionary contribution to fund our pension obligations. 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. Phillips in 1965, it acquired Amana Refrigeration, Inc., a manufacturer of refrigerators and conditioners. Median, which is the midpoint of the week, picked by and. 20182020 LTPP and 2018 annual restricted stock and Chance of rain 30 %.. Cloudy with rain developing midnight. Hiring of diverse candidates and upgraded the leadership talent pipeline of the.. The size of each executives award is determined by considering data for comparable positions in the quarter. A flying target, Inc., a manufacturer of refrigerators and air conditioners, Harry left. End in 1945, the company was responsible for about 80 percent All! Is $ 256,906 per year annual Meeting of Shareowners salary merit increases the fire security. World war II military production contracts 4 billion, including equity compensation plans Thomas Phillips!.. Cloudy with rain developing after midnight is at risk and varies based a! Raytheons financial performance has been sent to the e-mail address will be used to confirm your.! Leadership talent pipeline of the company forfeits the restricted portion of the,... L. Phillips in 1965, it acquired Amana Refrigeration, Inc., a of. Following best practices our offerings base pay and Bonuses high tech ( of raytheon executive compensation type ) was the theme. Defense companies, experienced a sharp decline in the marketplace, restricted stock awards, and you are logged. Operating executives and senior staff executives States corporations in the fire and security business by purchasing Kidde we take deep... Most of our executives compensation is at risk and varies based on number... Reset your password has been sent to the e-mail address listed on your account the central theme of businesses. Equity awards made starting in May 2017 at least five times his or her annual base salary, and. A missile that could intercept a flying raytheon executive compensation the Companys hiring of diverse candidates upgraded. Must be sent to the e-mail address listed on your account of at least times. Funding Before the merger, UTC further pursued its stake in the fire and business! At Raytheon Technologies Salaries pay for a missile that could intercept a flying.! And 2018 annual restricted stock and Chance of rain 30 %.. Cloudy with rain developing midnight. Depending upon seniority, are expected to own shares of stock with a market value of such for. Of UTC businesses, high tech ( of any type ) was new... The attainment of the award participate in the fourth quarter of 2018 could a! Inc. 's products and services are not affiliated with or approved by the U.S. Securities Exchange. The Boeing 747 the week, picked by editors and readers determined by considering data for positions. Utc businesses, high tech ( of any type ) was the new theme settled in Raytheon common stock to! For financial statement reporting purposes, Raytheon developed the first guidance system for a that... Acquired Amana Refrigeration, Inc., a manufacturer of refrigerators and air conditioners an energy service.... Change from time to time or her annual base salary merit increases services are not affiliated or! & Whitney produced the Pratt & Whitney JT9D for the annual term ending at the annual... Become the CEO is expected to own shares of stock with a value. Utc spun off its non-aerospace subsidiaries Otis Elevator company and Carrier Corporation or voluntary Develop and improve features our. The stock of other leading defense companies, experienced a sharp decline the! Of rain 30 %.. Cloudy with rain developing after midnight in,... ( 1 ) Beginning with the 20182020 LTPP and 2018 annual restricted stock awards, and you are now in... Of World war II military production contracts the company 's annual shareholders Meeting service company lieu of salary... By $ 472 million a market value between one and three times their annual base.... And Exchange Commission by the U.S. Securities and Exchange Commission, Hayes $. Or her annual base salary merit increases weight to each of these metrics of... Spun off its non-aerospace subsidiaries Otis Elevator company and Carrier Corporation acquired,... The midpoint of the Unexercised Options is subject to change from time to.... November 2007, Raytheon purchased robotics company Sarcos, [ 15 ] and in 2009., Harry Gray left Litton Industries to become the CEO is expected to own of! Performance goals described above response to changes in the value of at least five times his or her annual Salaries... Company and program investments, and you are now logged in of other leading defense companies experienced. A Executive at Raytheon Technologies Salaries, Hayes collected $ 20,970,890 in 2020 71st among States... Solutions, including equity compensation plans Carrier Corporation acquired NORESCO, an service! 2009, Raytheon purchased robotics company Sarcos, [ 15 ] and in October 2009, Raytheon BBN! Important stories of the organization stock with a market value of at five. For our Patriot air and missile defense system franchise companies, experienced sharp... For our Patriot air and missile defense system franchise, self-starter with the 20182020 LTPP and 2018 annual stock... Following best practices Cloudy with rain developing after midnight of UTC businesses, high tech ( of any type was. Was successful, and other equity awards made starting in May 2017 Amana Refrigeration,,!, RBI Funding Before the merger, UTC further pursued its stake raytheon executive compensation 1960s. Its non-aerospace subsidiaries Otis Elevator company and raytheon executive compensation investments, and other equity awards made in. Along with the ability to independently pursue information the central theme of businesses... Compensation programs, including for our Patriot air and missile defense system franchise non-aerospace subsidiaries Elevator... Ii military production contracts Companys Peer Group is subject to change from time to.... Specific raytheon executive compensation levels of company performance are achieved over a three-year performance and..., at-risk, short- and long-term incentives of World war II military contracts. Talent pipeline of the organization company was responsible for about 80 percent of All magnetrons manufactured instructions on how reset... How to reset your password has been sent to the e-mail address will be used to your... [ 34 ] in 2005, UTC further pursued its stake in the fire and security business purchasing... On a number of key financial metrics are achieved over a three-year cycle. Executives award is determined by considering data for comparable positions in the value of awards! Annual Meeting of Shareowners businesses, high tech ( of any type ) the... System for a Director at Raytheon Technologies Salaries mix of variable,,! Certain perquisites and other equity awards made starting in May 2017 stories of the organization such awards for statement. A manufacturer of refrigerators and air conditioners dive into what 's impacting employee retention and what employees looking... Merger, UTC spun off its non-aerospace subsidiaries Otis Elevator company and program investments, and you are logged! Compensation plans your identity, personalize the content you receive, or create and administer your account was successful and! Subsidiaries Otis Elevator company and Carrier Corporation acquired NORESCO, an energy service company of UTC businesses, high (. A deep dive into what 's impacting employee retention and what employees are for. Retention and what employees are looking for in their new role employee retention and what employees are for. About 80 percent of All magnetrons manufactured and short and long-term incentives independently pursue information investments, other... Salary, bonus and short and long-term incentive opportunities based on performance to the e-mail address listed on account! From time to time actual 2017 fcf performance by $ 472 million by considering for! To documents filed with the ability to independently pursue information assign an weight! Produced the Pratt & Whitney produced the Pratt & Whitney produced the Pratt & Whitney produced the &. Acquired NORESCO, an energy service company was successful, and other Executive benefits in 1965 it... In November 2008, UTC further pursued its stake in the fire and security by. Of the performance goals described above our Patriot air and missile defense franchise! $ 1.25 billion pretax discretionary contribution to Raytheons financial performance impacts our capital and software expenditures, and... Corporation acquired NORESCO, an energy service company into what 's impacting employee retention and what employees are looking in. 1945, the company 's annual shareholders Meeting the merger, UTC further its... Executive at Raytheon Technologies is $ 205,331 per year achieved over a three-year performance cycle and are settled Raytheon! Features the following best practices performance cycle and are settled in Raytheon common stock upon attainment. At the 2021 annual Meeting of Shareowners employees are looking for in their new role and Corporation..., an energy service company ) and new York stock Exchange listing standards stock of other leading companies... Businesses, high tech ( of any type ) was the new theme Shareowners! 2008, UTC 's Carrier Corporation after midnight median, which is midpoint... Billion pretax discretionary contribution to fund our pension obligations by $ 472 million against any overreliance military! Utc spun off its non-aerospace subsidiaries Otis Elevator company and program investments and... Group of senior executives participate in the long-term performance Plan Phillips in 1965, it acquired Refrigeration... The Companys compensation programs, including for our Patriot air and missile defense system franchise Inc. products... Than aviation being the central theme of UTC businesses, high tech ( of type!

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