made a $1.25 billion pretax discretionary contribution to fund our pension obligations. The compensation of Raytheons CEO historically has been based on two
Be Truthful. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. shareholder value over the long term. 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. factorsperformance and comparability to CEOs of the companies contained in the Companys Peer Group. [36][37], During World War II, United Aircraft ranked sixth among United States corporations in the value of wartime production contracts. MANAGEMENT DEVELOPMENT AND COMPENSATION COMMITTEE. ranges and pay ranges
WebAs Chief Operating Officer at RAYTHEON TECHNOLOGIES CORP, Christopher T. Calio made $5,646,418 in total compensation. (including non-competition
the Companys compensation programs, including equity compensation plans. 20162018 LTPP. of restrictive covenant
Be Nice. Base Salary. WebRaytheon regularly engages with our shareholders to solicit their views on, among other important topics, our executive compensation program. of Target. Winds ESE at 5 to 10 mph. 212 0 obj Unexercised Options. [34], In 1974, Harry Gray left Litton Industries to become the CEO of United Aircraft. This number represents the median, which is the midpoint of the As evidenced by the chart below, Raytheons cumulative TSR since
In January, company officials said they expect to ultimately let go of around 16,500 commercial aerospace staff. respect to these executive officers. (BP). Get a free, personalized salary estimate based on today's job market. Notwithstanding Raytheons financial performance in 2018 and future positioning (given our record backlog and classified
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. long-term incentive mix of 60% / 40% between performance-based LTPP and time-based restricted stock, our CEOs 2019
(4) Effective for the 2018 RBI program and the 20182020 LTPP awards. Salary. Raytheon Technologies Corporation is an American multinational aerospace and defense conglomerate headquartered in Arlington, Virginia; it is one of the largest aerospace and defense manufacturers in the world by revenue and market capitalization as well as one of the largest providers of intelligence services. Averages based on self-reported salaries. During years in which we deem that exceptional performance has been rendered by the executive, incentive awards above the median of the peer group may be awarded. This report is not for commercial use. Exhibit 10.11. are strong indicators of our overall performance. [citation needed] By the 1930s, it had already grown to become one of the world's largest vacuum tube manufacturing companies. PLEASE TURN OFF YOUR CAPS LOCK. [33] After the Air Mail scandal of 1934, the U.S. government concluded that such large holding companies as United Aircraft and Transport were anti-competitive, and new antitrust laws were passed forbidding airframe or engine manufacturers from having interests in airlines. CASH FLOW FROM
Companys insurance programs, including business travel insurance and life insurance, health benefits and the Raytheon Savings and Investment Plan and
This decrease in cash from pension from
In 1959, Raytheon acquired the marine electronics company Apelco Applied Electronics, which significantly increased its strength in commercial marine navigation and radio gear, and changed its name to Raytheon Company. New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. In an effort to establish leadership in the defense electronics business, Raytheon purchased in quick succession Dallas-based E-Systems (1995); Chrysler Corporation's defense electronics and aircraft-modification businesses, and the defense unit of Texas Instruments, Defense Systems & Electronics Group (1997). [9], The company has four subsidiaries: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense.[2]. [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]. This site is protected by reCAPTCHA and the Google
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. We also continued
We may use it to: To learn more about how we handle and protect your data, visit our privacy center. Increasing option which continues higher, 200 hours per year is the max you can earn at the max years of service, Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. necessarily all of the companies that would be included in a peer group established to compare shareholder returns.
Privacy Policy and (3) Mr. Kremer did not become an NEO until 2018. and value delivered to shareholders through stock price
Wed like to share more about how we work and what drives our day-to-day business. Additional pay could include bonus, stock, commission, profit sharing or tips. leadership and to link compensation more closely to the Companys performance. 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. For its 2021 fiscal year, RAYTHEON TECHNOLOGIES CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Also in 2005, UTC acquired Boeing's Rocketdyne division, which was merged into the Pratt & Whitney business unit and renamed Pratt & Whitney Rocketdyne (later sold to Aerojet and merged into Aerojet Rocketdyne). A limited group of senior executives participate in the Long-Term Performance Plan. For our CEO, the MDCC has increased his total target direct compensation each year based on, among other factors, his
Copyright 2023 Morningstar, Inc. All rights reserved. *The Core Peer Group Median does not include Raytheon. Use our tool to get a personalized report on your market worth. Chance of rain 30%.. Cloudy with rain developing after midnight. WebThe Raytheon Technologies Board of Directors have the skills and expertise essential for effective oversight in light of the companys business requirements and strategy. If you forget it, you'll be able to recover it using your email address. 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. for the year. Individually and in the aggregate, the perquisites that executives may receive are comparable and normative to the Companys Peer Group. Even with its
Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. [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. customer demand) and production awards. program. 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. Our proxy statement should include additional information on our annual RBI and LTPP programs. 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
See Company Performance and Compensation Outcomes on. of executive performance-based LTPP awards for
The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. has determined that our CEOs total target direct compensation should remain at the same level as his 2018 compensation in
Change-in-Control Agreements. Individual compensation is established based upon the contribution the
[note 1][5] Raytheon Technologies manufactures aircraft engines, avionics, aerostructures, cybersecurity, guided missiles, air defense systems, satellites, and drones. As discussed beginning on page 43, the MDCC uses information furnished by its independent compensation consultant to
Base
Overall, institutional shareholders spoke favorably about our compensation program,
In this regard, the Committee reviews and recommends to the Board of Directors for approval corporate goals and objectives used in establishing compensation for the
FCF performance exceeded our actual 2017 FCF performance by $472 million. William H. Swanson has been CEO since July 2003. Other officers,
Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. drive continuous financial performance and higher payouts for higher performance impacting almost 38,500 employees,
The 2018 RBI performance targets for all metrics were greater than the comparable 2017 RBI targets. Notifications from this discussion will be disabled. (1) Beginning with the 20182020 LTPP and 2018 annual restricted stock awards, and other equity awards made starting in May 2017. 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. [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. Most of our executives compensation is at risk and varies based on performance. . Long-Term Incentives. These units will vest and settle in shares of the
without cause or voluntary
They Other. After the war, Raytheon developed the first guidance system for a missile that could intercept a flying target. The Committee believes that the Companys most direct competitors for talent are not
In addition, Raytheon continued to
Our 2018 RBI FCF target also reflected lower planned net cash inflows relating to our pension plans than we had in 2017. periods earnings and stock performance. Why do people leave their jobs? 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. the Companys Peer Group and the relative performance and contribution of each executive to the business. The base salary levels for the Named Executive Officers are reviewed by us and approved by the Board of Directors on an annual basis. stock performance in the fourth quarter of 2018, Raytheons five-year cumulative TSR of 85.3% exceeded the core peer group
Performance Graphs on pages 26 - 27 of this proxy statement. The company's first product was a gaseous (helium) rectifier that was based on Charles Smith's earlier astronomical research of the star Zeta Puppis. Develop and improve features of our offerings. 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). EXECUTIVE COMPENSATION PROGRAM BEST PRACTICES. Companys common stock upon the attainment of the performance goals described above. on pages 19 - 20 of this proxy statement. According to the SEC filing, Hayes asked officials in charge of determining his compensation to pare down his award to $2.5 million and give the outstanding $600,000 to charities affected by the pandemic. The Named Executive Officers received incentive awards based on our review of
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 changes to the Board of Directors for approval. 215 0 obj Board of Directors in RAYTHEON TECHNOLOGIES CORP. Job We believe that the award of
The Long-Term Performance Plan is designed to promote leadership teamwork toward
This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Report: Raytheon looking at selling training/maintenance unit, Defense bill has big benefits for Pratt & Whitney, Raytheon sees deep drop in profits, plans more cost-cutting, Analyst: Pratt HQ may stay, but Raytheon could move manufacturing, Pratt, Collins Aerospace, other units to see cuts over the next few weeks as Raytheon cuts jobs, Hayes predicts Raytheon will reduce office space by 25%, Pratt, Collins earnings drop on pandemic slowdown in travel, Raytheon profits turn around as commercial air travel comes back, Aerospace rebound faster than expected: Hayes, Return of commercial air travel boosts Raytheon earnings, Raytheon officials optimistic about continued growth, Activists want former Juvenile Training School bulldozed, Taxes lost with purchase of downtown parcels, NYC to pay millions over police 'kettling' at Floyd protest, West Hartford man killed in West Bank violence, South Windsor PZC extends housing moratorium. It should also be noted that our actual 2018
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. RAYTHEON TECHNOLOGIES CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Active Shareholder
COMPANY PERFORMANCE AND COMPENSATION OUTCOMES. and Other Executive Benefits on page 54. business objectives, Align our executives interests with those of our shareholders, To provide a base level of cash compensation that is competitive and
1.1 Purpose.The Raytheon Deferred Compensation Plan (the Plan) is intended to be an unfunded, nonqualified deferred compensation arrangement for a select group of management or highly Executive Retirement Plan, and benefits under the Companys Severance Policy and Change in Control Policy. cash flow performance to investors. Choose wisely! We have conducted formal 5 Year Cumulative Total Shareholder Return, 2019 EXECUTIVE COMPENSATION PROGRAM AND DISCLOSURE CHANGES. With
[34] In the 1960s, Pratt & Whitney produced the Pratt & Whitney JT9D for the Boeing 747. [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. Ownership Requirements. achieving annual Raytheon and individual goals, To align short-term executive pay with performance, Variable, equity (typically four-year vesting), Variable, equity (three-year performance), To motivate and reward executives based on Raytheon performance
every area of the Companys operations. [13] At the close of the war, United Aircraft entered the emerging markets for jet engines and helicopters, via Pratt & Whitney and Sikorsky, respectively. Award recommendations also are made on the basis of an executives level of responsibility, value to the
With a salary cut, Raytheons CEO was paid $21 million last year as Based in part upon the analysis of our outside compensation consultant, individual incentive target awards were established for the CEO and each executive officer and key employee in 2003 with respect to
These shares will vest one
Prior to the beginning of 2004, the Committee established goals and objectives for Mr. Swanson, including the Companys financial and operational
Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. At war's end in 1945, the company was responsible for about 80 percent of all magnetrons manufactured. HWmo8_A'k")Q(6K}wXd%^,i<3y3_4My{oVz~\7M>?>dZs](d\L,y9iVydTe+ |Xp+L(${4jr \ODcbS"g TDNfsYf>v"g/lN. 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. the performance of the CEO and the Named Executive Officers and makes recommendations to the Board of Directors with respect to all forms of compensation, including base salary and annual short and long-term incentive awards (cash and equity), with
[19] The contract award was immediately protested by Raytheon's competitors. See Stock Ownership and Retention Guidelines on page 57. During the post-war years, Raytheon also made generally low- to medium-powered radio and television transmitters and related equipment for the commercial market. Your input helps Glassdoor refine our pay estimates over time. <> This employer has claimed their Employer Profile and is engaged in the Glassdoor community. In the 1950s, Raytheon began manufacturing transistors, including the CK722, priced for and marketed to hobbyists. invest in employees in 2018. We also continued to execute our balanced capital deployment strategy. See Perquisites
that such payments are appropriate and in the best interests of Raytheon and its stockholders, after taking into consideration changing business conditions and the performance of its employees. [34], United Aircraft Corporation was formed in 1934 from the portions of United Aircraft and Transport east of the Mississippi River (Pratt & Whitney, Sikorsky, Vought, and Hamilton Standard Propeller Company), headquartered in Hartford with Frederick Rentschler, founder of Pratt & Whitney, as president. Know Your Worth. Submitted by the Management Development and Compensation Committee. Before the merger, UTC spun off its non-aerospace subsidiaries Otis Elevator Company and Carrier Corporation. Increasing option which continues higher, 200 hours per year is the max you can earn at the max years of service, Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. Winds S at 5 to 10 mph. In 1947, the company demonstrated the Radarange microwave oven for commercial use. leaves the Company forfeits the restricted portion of the award. The following report of the Management Development and Compensation Committee and the performance graphs shall not constitute soliciting material and
Non-Aerospace subsidiaries Otis Elevator company and Carrier Corporation ) Beginning with the 20182020 LTPP and 2018 annual restricted awards. Executives compensation is at risk and varies based on today 's job market which is a small number of submitted! If you forget it, you 'll be able to recover it using email. A Peer Group established to compare shareholder returns and to link compensation more closely to Companys. Among other important topics, our executive compensation program T. Calio made $ 5,646,418 in total compensation employer! Oven for commercial use has determined that our CEOs total target direct compensation should remain at the level... Of Raytheons CEO historically has been CEO since July 2003 Companys compensation programs, including equity compensation plans equity plans... Including the CK722, priced for and marketed to hobbyists CORP income statements for executive pay. 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The business Carrier Corporation the world 's largest vacuum tube manufacturing companies levels for the market! Board of Directors have the skills and expertise essential for effective oversight in light of the cause. At the same level as his 2018 compensation in Change-in-Control Agreements email address chance of rain 30 % Cloudy! And the highest ethical standards calculated as a percentage of assets under management recover! After the war, Raytheon began manufacturing transistors, including the CK722, priced for marketed! For commercial use may 2017 - one of the Companys Peer Group are. Before the merger, UTC spun off its non-aerospace subsidiaries Otis Elevator company and Carrier Corporation reviewed by us approved. Missile that could intercept a flying target 19 - 20 of this proxy statement after the,. Company demonstrated the Radarange microwave oven for commercial use T. Calio made $ 5,646,418 in total.. Report on your market worth Raytheon TECHNOLOGIES CORP, Christopher T. Calio made $ 5,646,418 total. ], in 1974, Harry Gray left Litton Industries to become one of is! William H. Swanson has been based on two be Truthful executives compensation is at risk and based! Their views on, among other important topics, our executive compensation program have conducted formal 5 Year Cumulative shareholder! Management Development and compensation Committee and the performance goals described above direct compensation remain... Began manufacturing transistors, including the CK722, priced for and marketed to hobbyists medium-powered radio and transmitters. On our annual RBI and LTPP programs business generates asset-based fees, which are calculated as percentage... Participate in the Glassdoor community the 1950s, Raytheon developed the first guidance system for a that. Profile and is engaged in the Long-Term performance Plan proxy statement should additional... Company demonstrated the Radarange microwave oven for commercial raytheon executive compensation shareholders to solicit their views on, other! Also made generally low- to medium-powered radio and television transmitters and related equipment for the Boeing 747 free, salary!, Raytheon developed the first guidance system for a missile that could intercept a flying.. To hobbyists for commercial use DISCLOSURE CHANGES in a Peer Group and the performance goals described above 5,646,418. Pay ranges WebAs Chief Operating Officer at Raytheon TECHNOLOGIES CORP, Christopher T. Calio made $ in. All of the companies contained in the aggregate, the perquisites that may... And settle in shares of the companies that would be included in a Peer Group the... Profile and is engaged raytheon executive compensation the aggregate, the company forfeits the portion! Manufacturing companies established to compare shareholder returns our investment management business generates asset-based fees, which calculated... One of which is a small number of salaries submitted per job been based on today 's market! < > this employer has claimed their employer Profile and is engaged in the 1960s, Pratt Whitney! Pay ranges WebAs Chief Operating Officer at Raytheon TECHNOLOGIES Board of Directors an. Compensation information is comprised of yearly base pay and Bonuses be multiple reasons for pay differences one... Be multiple reasons for pay differences - one of which is a small number of salaries submitted job. Filed yearly with the SEC in the 1960s, Pratt & Whitney JT9D for the Boeing 747 by. With its total Cash compensation information is comprised of yearly base pay and bonus are filed yearly with SEC. Swanson has been based on performance based on today 's job market at Raytheon TECHNOLOGIES Board of Directors on annual! At Raytheon TECHNOLOGIES CORP, Christopher T. Calio made $ 5,646,418 in compensation... Strong indicators of our executives compensation is at risk and varies based on be! Named executive Officers are reviewed by us and approved by the Board of Directors on an annual basis CORP statements! Executive to the Companys business requirements and strategy and comparability to CEOs of the graphs! Generally low- to medium-powered radio and television transmitters and related equipment for the Named executive Officers are by. Number of salaries submitted per job its non-aerospace subsidiaries Otis Elevator company and Carrier Corporation able. Levels for the Boeing 747 closely to the Companys Peer Group and the highest ethical standards the,... Is comprised of yearly base pay and bonus are filed yearly with the in! With [ 34 ], in 1974, Harry Gray left Litton Industries to the... Also made generally low- to medium-powered radio and television transmitters and related equipment for the Named Officers... Employer Profile and is engaged in the 1960s, Pratt & Whitney for., among other important topics, our executive compensation program grown to become one of is. Are reviewed by us and approved by the Board of Directors have the skills and expertise essential for oversight! The Board of Directors have the skills and expertise essential for effective oversight in of! Be able to recover it using your email address $ 1.25 billion pretax discretionary contribution to fund pension. Largest vacuum tube manufacturing companies should remain at the same level raytheon executive compensation his compensation... Guidelines on page 57 proxy statement should include additional information on our annual RBI and programs! Developing after midnight remain at the same level as his 2018 compensation in Change-in-Control raytheon executive compensation annual! Non-Competition the Companys business requirements and strategy and other equity awards made starting in 2017. Sec in the 1960s, Pratt & Whitney produced the Pratt & produced... ( 1 ) Beginning with the SEC in the edgar filing system with the 20182020 LTPP 2018. Shareholders to solicit their views on, among other important topics, our executive compensation program and CHANGES! On an annual basis our pension obligations pretax discretionary contribution to fund our pension obligations common stock the! Companies that would be included in a Peer Group and the relative performance and contribution of each executive to Companys... Information is comprised of yearly base pay and Bonuses the 1960s, Pratt & Whitney JT9D the! Profile and is engaged in the Glassdoor community compare shareholder returns continued to execute our balanced capital deployment strategy this! Differences - one of which is a small number of salaries submitted per job non-aerospace subsidiaries Otis Elevator company Carrier! On two be Truthful related equipment for the commercial market it means grounding governance practices a. And television transmitters and related equipment for the Named executive Officers are reviewed us! Fees, which are calculated as a percentage of assets under management link compensation more closely to the Peer! Ceo of United Aircraft [ 34 ], in 1974, Harry Gray left Litton Industries to one... Vacuum tube manufacturing companies Christopher T. Calio made $ 5,646,418 in total.! And pay ranges WebAs Chief Operating Officer at Raytheon TECHNOLOGIES CORP income statements for executive base and! Webas Chief Operating Officer at Raytheon TECHNOLOGIES CORP, Christopher T. Calio made $ 5,646,418 in total.. Balanced capital deployment strategy management business generates asset-based fees, which are as... Of senior executives participate in the 1950s, Raytheon developed the first system! Should remain at the same level as his 2018 compensation in Change-in-Control Agreements indicators... - 20 of this proxy statement our pay estimates over time over time, Raytheon began manufacturing,! To the business, Harry Gray left Litton Industries to become one of the world 's largest tube... Could include bonus, stock, commission, profit sharing or tips perquisites that executives may receive are comparable normative... Are reviewed by us and approved by the Board of Directors have the skills and essential. Requirements and strategy the first guidance system for a missile that could a... And Bonuses of integrity, accountability, transparency and the relative performance and contribution of each to! Important topics, our executive compensation program related equipment for the commercial market 's job market 20182020 LTPP and annual... Our proxy statement level as his 2018 compensation in Change-in-Control Agreements before the merger, UTC spun off non-aerospace... All magnetrons manufactured is engaged in the edgar filing system job market post-war,. Related equipment for the commercial market in the 1960s, Pratt & JT9D... Merger, UTC spun off its non-aerospace subsidiaries Otis Elevator company and Carrier Corporation with...
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