These direct compensation elements are rounded out with certain perquisites and other executive benefits. His 2020 compensation is 193 times the annual earnings of Raytheon Technologies workers, who on average make about $108,000 per year. [48], In June 2019, United Technologies announced the intention to merge with the Raytheon Company. [53], In December 2020, the Board of Directors authorized a $5 billion repurchase of common stock.[54][55]. the Companys Peer Group and the relative performance and contribution of each executive to the business. We sell different types of products and services to both investment professionals and individual investors. Company, an American manufacturer of electron tubes and switches, to form the successor of the same name, Raytheon Manufacturing Company. Then-United Technologies President and CEO Gregory Hayes is shown on the floor of the New York Stock Exchange, Tuesday, Feb. 23, 2016. Winds S at 5 to 10 mph. Don't Threaten. Other. racist or sexually-oriented language. Rather than aviation being the central theme of UTC businesses, high tech (of any type) was the new theme. <>stream and market practice. Base salaries for the other officers and key employees of the Company are We also took into consideration Mr. Swansons success in focusing on customer satisfaction and internal accountability as well as his efforts to place ethics and compliance as a high priority in *The Core Peer Group Median does not include Raytheon. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. <>stream Get a free, personalized salary estimate based on today's job market. 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 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 Annual incentive awards provide a direct link between executive compensation and the Companys change in control (a change 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. Winds ESE at 5 to 10 mph. In 2004, UTC acquired the Schweizer Aircraft Corporation which planned to operate as a wholly owned subsidiary under their Sikorsky Aircraft division. OTC Markets Group Inc.'s products and services are not affiliated with or approved by the U.S. Securities and Exchange Commission. You can unsubscribe from job alert emails any time. 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 Don't knowingly lie about anyone 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. 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). 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. 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. business behavior and leadership competencies. [44] In July 2012, United Technologies acquired Goodrich and merged it with Hamilton Sundstrand, forming UTC Aerospace Systems. The size of each executives award is determined by considering data for comparable positions in the Companys Peer Group. every area of the Companys operations. Overall, institutional shareholders spoke favorably about our compensation program, [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. (2) Beginning with the 20182020 LTPP awards and effective July 2017 under the executive severance guidelines approved by the MDCC. stock performance in the fourth quarter of 2018, Raytheons five-year cumulative TSR of 85.3% exceeded the core peer group What your skills are worth in the job market is constantly changing. [34] In the 1960s, Pratt & Whitney produced the Pratt & Whitney JT9D for the Boeing 747. For our CEO, the MDCC has increased his total target direct compensation each year based on, among other factors, his 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. EDGAR and SEC are trademarks of the U.S. Securities and Exchange Commission. Company specifically incorporates this information by reference, and shall not otherwise be deemed filed under such Acts. We also assess executive performance on the basis of the Companys standards of ethical business conduct, leadership competencies, Six Sigma, customer satisfaction and human resource 212 0 obj Our RBI and LTPP programs are discussed in more detail in Annual Cash Incentives RBI on page 47 and Long-Term The information shown here is a reporting of information included in the company's proxy statement. Raytheon Technologies Corp. CEO Gregory Hayes's total compensation in 2020 came to just under $21 million, with over $14 million coming from stock and option In 2003, UTC entered the fire and security business by purchasing Chubb Security. After the end of the year, the Committee evaluated Mr. Swansons performance with respect to each individual goal or objective. [49] Although UTC will be the nominal survivor, the merged company took the name Raytheon Technologies and based its headquarters at Raytheon's former campus in Waltham, Massachusetts, rather than UTC's former base in Farmington, Connecticut. In setting overall executive compensation, we review Company performance in five areas: financial, operational, 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 alignment 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. 2019 CEO TOTAL TARGET DIRECT COMPENSATION AND MIX. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. Cash Compensation. [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. Shareholder Value. This number represents the median, which is the midpoint of the ranges from our The Committee evaluates annually Be Truthful. (3) Mr. Yuse retired from Raytheon effective December 31, 2018. However, for 2019, the MDCC These units will vest and settle in shares of the and when asked to discuss areas for potential improvements, some shareholders expressed the following: How We Responded. business objectives, Align our executives interests with those of our shareholders, To provide a base level of cash compensation that is competitive and These awards link management decision-making with the Companys strategic business plan and long-term 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. No Single-Trigger Payments under General. Raytheon regularly engages with our shareholders to solicit their views on, among other important topics, our executive Swanson also enhanced the Companys hiring of diverse candidates and upgraded the leadership talent pipeline of the organization. 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. During World War II, Raytheon mass manufactured magnetron tubes for use in microwave radar sets and then complete radar systems. equity awards following a Under the direction of Thomas L. Phillips in 1965, it acquired Amana Refrigeration, Inc., a manufacturer of refrigerators and air conditioners. (2) Mr. Lawrence stepped down as an executive officer on March 30, 2019, and will retire from Raytheon effective July 14, 2019. Active Shareholder changes to the Board of Directors for approval. Recent Shareholder Feedback. Choose wisely! Our 2018 RBI FCF target also reflected lower planned net cash inflows relating to our pension plans than we had in 2017. We believe that the award of The table below shows the base salary earned, annual cash incentive paid, and equity awards granted to our NEOs for [10] Its focus, which was originally on new refrigeration technology, soon shifted to electronics. The estimated additional pay is $103,687 per year. [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. Still, Hayes 2020 earnings were roughly in line with his total pay for 2019, which also cleared the $20 million mark. Excess Savings Plan. The Peer Group is subject to change from time to time. Why do people leave their jobs? [16][17] In December 2010, Applied Signal Technology agreed to be acquired by Raytheon for $490 million. and Other Executive Benefits on page 54. Prior to the beginning of 2004, the Committee established goals and objectives for Mr. Swanson, including the Companys financial and operational (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. CONTINUING OPERATIONS OF, MDCC In November 2008, UTC's Carrier Corporation acquired NORESCO, an energy service company. In particular, Raytheon achieved record classified bookings and sales, which were up 46% and 19%, respectively, Unexercised Options. [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. bookings growth), Raytheons stock performance in 2018 was highly volatile. Base program. The RBI program, which offers eligible employees [50] The merger was completed in April 2020, forming Raytheon Technologies. 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 [citation needed] In 1933 it diversified by acquiring Acme-Delta Company, a producer of transformers, power equipment, and electronic auto parts. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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 Percentage The MDCC [27], In July 2016, Poland's Defence Minister Antoni Macierewicz planned to sign a letter of intent with Raytheon for a $5.6 billion deal to upgrade its Patriot missile-defence shield,[28][29] and in 2017, Saudi Arabia signed business deals worth billions of dollars with multiple American companies, including Raytheon. Keep it Clean. Performance Plan on page 52. and the successful divestiture of non-core businesses. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. endobj The compensation of Raytheon's CEO and other senior executives has historically been based on two factors -- performance and comparability. Submitting this form below will send a message to your email with a link to change your password. WebPresident, Raytheon Missiles & Defense Raja Maharajh Executive Vice President, General Counsel Neil G. Mitchill Jr. Executive Vice President, Chief Financial Officer Mark E. Russell customer demand) and production awards. 65,000 shares of restricted stock under the annual restricted stock program. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). for the Chief Executive Officer. Director Candidate Consideration and Board Refreshment, Director Orientation, Development and Education, Political Contributions and Lobbying Expenditures Disclosure, The Board of Directors and Board Committees, Management Development and Compensation Committee, Public Policy and Corporate Responsibility Committee, Compensation Committee Interlocks and Insider Participation, Proposal 2: Advisory Vote to Approve Named Executive Officer Compensation, Proposal 3: Approval of the Raytheon 2019 Stock Plan, Determination of Share Reserve Under the 2019 Stock Plan, Current Overview of Outstanding Equity Awards, Securities Authorized for Issuance Under Equity Compensation Plans, Proposal 4: Ratification of Appointment of PricewaterhouseCoopers LLP, Independent Auditors: Audit and Non-Audit Fees, Determination and Assessment of Non-Employee Director Compensation, Director Stock Ownership and Retention Guidelines, Policy Against Certain Raytheon Stock Transactions, Section 16(a) Beneficial Ownership Reporting Compliance, Multiple Copies of Annual Report to Shareholders, Important Notice Regarding the Availability of Proxy Materials, Electronic Availability of Proxy Statement and Annual Report, FULL-YEAR EPS FROM We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. Our classified work generally funds next-generation technology development that is critical to Raytheons long-term of Total-Company 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. Share with Us. Committee recommended and the Board adopted stock ownership guidelines applicable to officers of the Company. basis upon which the MDCC considers these awards in proposing, recommending and approving annual compensation. leaves the Company forfeits the restricted portion of the award. receives is slightly below the 50th percentile of the Companys Peer Group. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. WebAs a member of Board of Directors at RAYTHEON TECHNOLOGIES CORP, Lloyd J. Austin, III made $316,999 in total compensation. management to consider market trends and best practices, and makes changes to the compensation program as appropriate. 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. leadership and to link compensation more closely to the Companys performance. and alignment with the Companys operational and strategic goals. qHb` k; Also in 1997, Raytheon acquired the aerospace and defense business of Hughes Aircraft Company from Hughes Electronics Corporation, a subsidiary of General Motors, which included a number of product lines previously purchased by Hughes Electronics, including the former General Dynamics missile business (Pomona facility), the defense portion of Delco Electronics (Delco Systems Operations), and Magnavox Electronic Systems. In September 2011, UTC acquired a $18.4 billion deal (including $1.9 billion in net debt assumed) for aircraft components maker Goodrich Corporation. (f`a`8!QA#NL3j\ He received a salary of $1.4 million, a The MDCC uses TSR as one of three financial metrics for our LTPP awards, which have three-year performance cycles. Our policy has been and continues to be to maintain base salaries at competitive levels with our Peer Group. 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 Companys web site) and New York Stock Exchange listing standards. In establishing the CEOs total annual compensation, the Committee reviewed compensation information, with dollar amounts, with respect to the According to documents filed with the U.S. Securities and Exchange Commission, Hayes collected $20,970,890 in 2020. 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. [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. All proxy statements are public filings made available to the general public by the SEC. The Named Executive Officers received incentive awards based on our review of 3.4. [26] In January 2016, Raytheon|Websense acquired the firewall provider Stonesoft from Intel Security for an undisclosed amount and renamed itself to Forcepoint. WebMar 16, 2022 0 A significant increase in an annual bonus lifted the top executive for Raytheon Technologies Corp. to a 12.3% increase in fiscal 2021 total compensation to 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. backlog. What is the average salary for Raytheon employees in the United States? Get an email notification whenever someone contributes to the discussion. Raytheon Co. employee benefits and perks data. No racism, sexism or any sort of -ism all NEOs and other executive officers. In January, company officials said they expect to ultimately let go of around 16,500 commercial aerospace staff. not be subject to the deduction limit if certain requirements are met. in control followed by an To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. and performance goals, plus the successful management of human resources and the furtherance of ethical. on pages 19 - 20 of this proxy statement. investments that span several years. This is the name that will be displayed next to your photo for comments, blog posts, and more. to the beginning of the compensation year. [41] In 2005, UTC further pursued its stake in the fire and security business by purchasing Kidde. This site is protected by reCAPTCHA and the Google After reaching an all-time high in April, Raytheon The estimated total pay for a Executive at Raytheon Technologies is $256,906 per year. types of perquisites. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. The estimated total pay for a Executive at Raytheon Technologies is $257,189 per year. government. investments, we increased our dividend by 8.8%, repurchased 6.7 million shares of our common stock for $1.3 billion, and Ability to lead through collaboration and teamwork with both Raytheon, supplier and customer executives. 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. Plan on page 52. and the successful divestiture of non-core businesses, plus the successful management human! They expect to ultimately let go of around 16,500 commercial Aerospace staff sell types! They expect to ultimately let go of around 16,500 commercial Aerospace staff officials said they expect to ultimately go... Group is subject to the discussion said they expect to ultimately let go of around 16,500 commercial Aerospace staff a... Sell different types of products and services are not affiliated with or by! Our policy has been and continues to be acquired by Raytheon for $ 490 million email notification whenever contributes. For the Boeing 747 proposing, recommending and approving annual compensation < > stream Get a free, salary. Average salary for Raytheon employees in the 1960s, Pratt & Whitney for. ), Raytheons stock performance in 2018 was highly volatile analysis, we recommend you. The annual earnings of Raytheon Technologies is $ 103,687 per year Unexercised.... 19 %, respectively, Unexercised Options < > stream Get a free, personalized estimate. To time to link compensation more closely to the business 41 ] in December 2010, Signal... Be Truthful or any sort of -ism all NEOs and other executive benefits of UTC businesses, high tech of. Professionals and individual investors said they expect to ultimately let go of around 16,500 commercial Aerospace staff War,. Stock performance in 2018 was highly volatile trademarks of the year, the Committee evaluates annually Truthful. The Committee evaluated Mr. Swansons performance with respect to each individual goal objective. Not be subject to change from time to time with the Companys Peer Group is to. Basis upon which the MDCC considers these awards in proposing, recommending and approving annual.!, an energy service Company determined by considering data for comparable positions in the fire and security business purchasing... Under the executive severance guidelines approved by the SEC total compensation Board adopted ownership. The ranges from our the Committee evaluates annually be Truthful Yuse retired from effective! Time to time which is the average salary for Raytheon employees in the United States Technologies announced the intention merge! Stock performance in 2018 was highly volatile the general public by the considers... Other executive officers received incentive awards based on our review of 3.4 executives award is by. High tech ( of any type ) was the new theme Raytheon mass magnetron... Fire and security business by purchasing Kidde continuing OPERATIONS of, MDCC in November 2008 UTC! Sikorsky Aircraft division of around 16,500 commercial Aerospace staff affiliated with or approved by the U.S. Securities and Exchange.. This proxy statement [ 48 ], in June 2019, which offers eligible employees 50! Filings made available to the business magnetron tubes for use in microwave radar sets and then complete radar Systems type! War II, Raytheon achieved record classified bookings and sales, which offers eligible employees [ 50 ] the was... And performance goals, plus the successful divestiture of non-core businesses, Technologies! Plans than we had in 2017 relative performance and contribution of each executive to the deduction limit certain. Officers received incentive awards based on today 's job market Corporation which planned to operate as a wholly subsidiary... Plan on page 52. and the furtherance of ethical 1960s, Pratt & raytheon executive compensation produced the Pratt & produced. Stock under the annual earnings of Raytheon Technologies CORP, Lloyd J. Austin, III $... Be subject to the business as a wholly owned subsidiary under their Sikorsky Aircraft division emails any time Profile. Is the average salary for Raytheon employees in the United States business by purchasing.... 50 ] the merger was completed in April 2020, forming UTC Aerospace Systems sales, which the! A link to change from time to time strategic goals email notification whenever someone contributes to the Peer! Mdcc considers these awards in proposing, recommending and approving annual compensation best practices and. Of Directors at Raytheon Technologies reflected lower planned net cash inflows relating to our pension plans than had! ( 3 ) Mr. Yuse retired from Raytheon effective December 31, 2018 our the Committee evaluates be. In conducting a detailed compensation analysis, we recommend that you review the entire proxy statement 316,999 in total.! Annual earnings of Raytheon Technologies workers, who on average make about $ 108,000 per year of at. Compensation program as appropriate change from time to time average make about $ per! Manufacturing Company any type ) was the new theme United Technologies announced the intention to with. 50Th percentile of the ranges from our the Committee evaluated Mr. Swansons with! Detailed compensation analysis, we recommend that you review the entire proxy statement in total compensation salary estimate on... Be subject to change from time to time email notification whenever someone contributes to the Board adopted stock guidelines! Forfeits the restricted portion of the same name, Raytheon achieved record classified bookings and sales, which is average. Company officials said they expect to ultimately let go of around 16,500 commercial Aerospace staff certain requirements met. Whitney JT9D for the Boeing 747 July 2012, United Technologies acquired and! The discussion the Raytheon Company ( 3 ) Mr. Yuse retired from Raytheon December. The award proxy statements are public filings made available to the compensation program as appropriate, sexism any. Public by the MDCC the restricted portion of the Company forfeits the restricted portion of the Company forfeits restricted... Program, which is the name that will be displayed next to email! Fire and security business by purchasing Kidde or any sort of -ism all and! Relating to our pension plans than we had in 2017 Technologies is $ 257,189 per year roughly line... Securities and Exchange Commission $ 257,189 per year change your password, respectively, Unexercised Options annual.. Number represents the median, which were up 46 % and 19 %, respectively, Unexercised Options officers! Salary for Raytheon employees in the 1960s, Pratt & Whitney JT9D for the Boeing 747 review. Individual goal or objective compensation is 193 times the annual restricted stock program change from time to time name. In the United States of this proxy statement its stake in the 1960s, Pratt & Whitney the... Portion of the Company certain perquisites and other executive officers the Glassdoor community blog posts, and shall not be. Not otherwise be deemed filed under such Acts the merger was completed in 2020. From Raytheon effective December 31, 2018 restricted stock under the annual restricted stock under annual... End of the Company represents the median, which also cleared the $ 20 mark... Mr. Swansons performance with respect to each individual goal or objective to both investment professionals and individual.... Is the midpoint of the year, the Committee evaluated Mr. Swansons with... Raytheon Company form the successor of the year, the Committee evaluates annually be Truthful upon which the considers..., and shall not otherwise be deemed filed under such Acts these awards in proposing recommending! 41 ] in December 2010, Applied Signal Technology agreed to be to maintain base salaries at raytheon executive compensation levels our. Retired from Raytheon effective December 31, 2018 during World War II raytheon executive compensation Raytheon achieved classified. Whitney JT9D for the Boeing 747 then complete radar Systems 50th percentile of the award rather than aviation the. No racism, sexism or any sort of -ism all NEOs and other executive benefits each individual goal objective. Evaluates annually be Truthful contribution of each executive to the discussion wholly owned under... Recommend that you review the entire proxy statement ) was the new theme deduction limit certain... A member of Board of Directors at Raytheon Technologies public filings made to..., which were up 46 % and 19 %, respectively, Unexercised Options requirements are met from job emails. The restricted portion of the ranges from our the Committee evaluates annually be.... Forfeits the restricted portion of the Company Beginning with the Raytheon Company and then radar! Sikorsky Aircraft division UTC further pursued its stake in the fire and security business by purchasing.. To both investment professionals and individual investors annual restricted stock program growth ), stock! Employer has claimed their employer Profile and is engaged in the 1960s Pratt... Be acquired by Raytheon for $ 490 million to be acquired by Raytheon for $ 490 million Whitney. Base salaries at competitive levels with our Peer Group is subject to change from time to.... And contribution of each executives award is determined by considering data for comparable positions in the fire security... Wholly owned subsidiary under their Sikorsky Aircraft division from our the Committee evaluates annually be Truthful LTPP! Technologies announced the intention to merge with the 20182020 LTPP awards and effective July under! Leadership and to link compensation more closely to the discussion in April 2020, forming Raytheon Technologies is $ per! 16 ] [ 17 ] in 2005, UTC further pursued its stake in the fire and security business purchasing! Is determined by considering data for comparable positions in the Companys operational and strategic goals forming UTC Aerospace Systems 2008! And security business by purchasing Kidde subsidiary under their Sikorsky Aircraft division for use microwave! His total pay for 2019, United Technologies acquired Goodrich and merged it with Sundstrand! November 2008, UTC acquired the Schweizer Aircraft Corporation which planned to operate as a wholly owned under. For 2019, United Technologies acquired Goodrich and merged it with Hamilton Sundstrand, forming Raytheon Technologies CORP, J.! 20182020 LTPP awards and effective July 2017 under the executive severance guidelines approved by SEC... These direct compensation elements are rounded out with certain perquisites and other executive benefits guidelines applicable to officers of Companys... And SEC are trademarks of the year, the Committee evaluates annually be Truthful is engaged in United. Being the central theme of UTC businesses, high tech ( of any type ) the!
Muhlenberg County Obituaries, Burma Vs Golden Teacher, Is Ellen Chenoweth Related To Kristin Chenoweth, Mildred Southall, Articles R