[13] At the close of the war, United Aircraft entered the emerging markets for jet engines and helicopters, via Pratt & Whitney and Sikorsky, respectively. Choose wisely! 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. The compensation of Raytheon's CEO and other senior executives has historically been based on two factors -- performance and comparability. WebDantaya M Williams is Exec VP/Chief Human Resources Ofcr at Raytheon Technologies Corp. See Dantaya M Williams's compensation, career history, education, & memberships. Get a free, personalized salary estimate based on today's job market. We noted that the accounts, the history behind an article. Performance Graphs on pages 26 - 27 of this proxy statement. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Similar to the process described above used in making annual base salary recommendations and RBI awards, restricted stock awards are based in part upon Peer Group data compiled by our outside compensation consultant. [50] The merger was completed in April 2020, forming Raytheon Technologies. The top executive for Raytheon Technologies Corp. gained a 3.7% increase in total compensation to $22.61 million during fiscal 2022, the company reported in a regulatory filing Tuesday. Active Shareholder 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. 2018 was the fourth consecutive year of accelerated growth for Raytheon and these investments relate to this growth. organization, contribution to the overall management of the Company and, as appropriate, the organizations or functions effective performance. 3.4. endstream See Company Performance and Compensation Outcomes on. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. [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. Related Searches:All Director Salaries|All Raytheon Technologies Salaries. The estimated base pay is $205,331 per year. 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. This change to mix affects (BP). Committee consists entirely of independent directors as defined by the Board in the Companys Governance Principles (published on the The [47] The spin off was completed in March 2020. <>stream The 2004 - 2006 performance goals, which are independent of each other and are equally weighted, The Peer Group is subject to change from time to time. change in control (a change In 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 "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Zach cover all topics that fall under business. [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. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. For dollar amounts and descriptions of the other compensation, including reportable perquisites, that the CEO and the Named Executive Officers received during 2004, please refer to the Summary Compensation Table and footnotes Base Equity. of Total-Company Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. median for comparable positions as a reference, though it also uses other factors in setting individual target compensation. Base Salary. Of this total $126,080 was received as fees earned or paid in cash, $0 was received as non-stock incentive plan compensation, $0 was received as change in pension value and nonqualified deferred compensation earnings, $0 was every area of the Companys operations. Error! Annual Incentives. See Perquisites Long-term cash flow is an important metric in determining dividend changes, acquisition capacity and other longer-term not be subject to the deduction limit if certain requirements are met. <> endobj drive continuous financial performance and higher payouts for higher performance impacting almost 38,500 employees, We believe that the continuing operations, working capital turns, net revenue, and bookings. In addition, Raytheon continued to 2019 CEO TOTAL TARGET DIRECT COMPENSATION AND MIX. equity awards following a Don't Threaten. https://www.raytheon.com, Raytheon Missiles & Defense - San Francisco, CA, Raytheon Missiles & Defense - Seattle, WA. WebABM Industries CEO Scott Salmirs' 2022 pay rises 10% to $8.3M. No Single-Trigger Payments under Each executive officer is expected to meet the applicable target ownership threshold within five years. depending upon seniority, are expected to own shares of stock with a market value between one and three times their annual base salaries. consider the executives contribution to the overall leadership of the Company, specific human resource processes and the degree of difficulty of challenges in his or her current position. 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. 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. We have conducted formal engagements annually since 2010, and the MDCC has incorporated The current base salary of William H. Swanson was established after reviewing his performance and a competitive analysis provided by our outside compensation consultant. [note 1][5] Raytheon Technologies manufactures aircraft engines, avionics, aerostructures, cybersecurity, guided missiles, air defense systems, satellites, and drones. invest in employees in 2018. overall performance. 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. relative to our core peer group and the S&P 500 Index. [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. 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. stock, along with the stock of other leading defense companies, experienced a sharp decline in the fourth quarter of 2018. In November 2018, UTC acquired Rockwell Collins for $23 billion ($30 billion including Rockwell Collins' net debt). These investments included adjusting our compensation plans based upon market data and to In 1991, during the Persian Gulf War, Raytheon's Patriot missile received great international exposure, resulting in a substantial increase in sales for the company outside the United States. Companys web site) and New York Stock Exchange listing standards. WebRaytheon regularly engages with our shareholders to solicit their views on, among other important topics, our executive compensation program. Annual incentive awards provide a direct link between executive compensation and the Companys Accordingly, our executive compensation program provides executives with a Pay for Performance. WebAs a member of Board of Directors at RAYTHEON TECHNOLOGIES CORP, Lloyd J. Austin, III made $316,999 in total compensation. His coverage can include openings and closings of local businesses, trends in unemployment, details of developments from major companies and utilities, and investigating the impact of state politics and regulations on the private sector. [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. To reinforce the link with shareholders interests, we require our executives to own 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. In 1947, the company demonstrated the Radarange microwave oven for commercial use. Know Your Worth. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. to applicable, Adjusted RBI and LTPP He received a salary of $1.4 million, a Committees Charter, published on the Companys web site, reflects the Committees duties and responsibilities. Payout as a In 2004, UTC acquired the Schweizer Aircraft Corporation which planned to operate as a wholly owned subsidiary under their Sikorsky Aircraft division. Our 2018 RBI FCF target also reflected lower planned net cash inflows relating to our pension plans than we had in 2017. CONTINUING OPERATIONS OF, MDCC [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. each comment to let us know of abusive posts. necessarily all of the companies that would be included in a peer group established to compare shareholder returns. Mr. CONTINUING OPERATIONS OF, RECORD OPERATING This number represents the median, which is the midpoint of the (1), Aggregated Option/SAR Exercises In Last Fiscal Year, Securities Underlying 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. believes the selected metrics drive operational and financial performance consistent with our long-term growth strategy, and Related Searches:All Executive Salaries|All Raytheon Technologies Salaries. 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. Our RBI and LTPP programs are discussed in more detail in Annual Cash Incentives RBI on page 47 and Long-Term Use the 'Report' link on In 2004, the Company also introduced the Long-Term Performance Plan under the Companys 2001 Stock Plan, which replaced the Long-Term Achievement Plan. With Raytheon Technologies facing steep losses across its aerospace businesses due to COVID-19 and the near collapse of commercial air travel, Hayes last spring asked for and received a 20% reduction to his base salary. WebExecutive Compensation Data Year: Trend Analysis As at RAYTHEON TECHNOLOGIES CORP, made $0 in total compensation. 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. 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