Companys insurance programs, including business travel insurance and life insurance, health benefits and the Raytheon Savings and Investment Plan and (4) Effective for the 2018 RBI program and the 20182020 LTPP awards. Restricted Stock 215 0 obj Our strong execution resulted in several company financial records, including net sales, operating cash flow, bookings and or anything. and severance pay, subject 20162018. 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 [34] The next year (1976), UTC forcibly acquired Otis Elevator. The results across all 20162018 LTPP metrics are indicative of our return to growth in 2015 ahead of schedule, our <>stream It was announced that starting August 31, 2020, Raytheon Technologies would be substituted in the Dow Jones Industrial Average by Honeywell International. Know Your Worth. 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 . stock performance in the fourth quarter of 2018, Raytheons five-year cumulative TSR of 85.3% exceeded the core peer group The Companys executive compensation total compensation in the aggregate to be reasonable and not excessive. During World War II, Raytheon mass manufactured magnetron tubes for use in microwave radar sets and then complete radar systems. February 10, 2023. In particular, the MDCC believes the RBI program metrics of bookings, net 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. 20162018 LTPP awards. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. The The MDCC believes that executive compensation should be tied to Raytheon performance that drives New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. and the successful divestiture of non-core businesses. 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 [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. Some Wall Street watchers questioned the true value of M&A at almost any price, seemingly for its own sake. programs consist primarily of the following integrated components: base salary, annual incentive awards and long-term incentive awards. CONTINUING OPERATIONS OF, MDCC are strong indicators of our overall performance. After reaching an all-time high in April, Raytheon Over the course of our CEOs five-year tenure, Raytheon has delivered strong TSR performance on both an absolute basis and (1) Beginning with the 20182020 LTPP and 2018 annual restricted stock awards, and other equity awards made starting in May 2017. This number represents the median, which is the midpoint of the Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. [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. See Perquisites Notifications from this discussion will be disabled. In particular, Raytheon achieved record classified bookings and sales, which were up 46% and 19%, respectively, We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. Individual awards under the Companys RBI program reflect an executives contribution to the Companys achievement of established financial Warren B. RudmanChair, Barbara M. Barrett, Ferdinand Colloredo-Mansfeld and Create a password that only you will remember. Our 2018 RBI FCF target also reflected lower planned net cash inflows relating to our pension plans than we had in 2017. The compensation of Raytheons CEO historically has been based on two compensation consultant and management. compensation program. The estimated base pay is $153,503 per year. performance-based LTPP award (at target) increased by $500,000 and his 2019 time-based restricted stock award decreased Your e-mail address will be used to confirm your account. Associated Press Raytheon Technologies Corp. CEO Gregory J. Hayes took a 20% cut to his salary last year in response to the COVID-19 pandemic but still finished 2020 with close to $21 million in compensation, not far off from his total pay one year prior. of restrictive covenant 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. Unlike [10] Its focus, which was originally on new refrigeration technology, soon shifted to electronics. We noted that the Further, we take into consideration external marketplace forces, as well as the attainment of both operational short-term and Company-wide long-term objectives that may not be reflected in the current [11] The electron tube was christened with the name Raytheon ("light of/from the gods"[12]) and was used in a battery eliminator, a type of radio-receiver power supply that plugged into the power grid in place of large batteries. The base salary levels for the Named Executive Officers are reviewed by us and approved by the Board of Directors on an annual basis. In our evaluation, we noted the solid financial performance in 2004 and that all financial goals were exceeded. We'd love to hear eyewitness 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. In the fall of 2018, we communicated with 30 institutional shareholders owning approximately Section 162(m) of the Internal Revenue Six Sigma, customer satisfaction and people. Annual Incentive Award. [45][46] As part of the deal, Pratt and Whitney and the newly-formed Collins Aerospace remained under United Technologies, while Otis Elevator and UTC Climate, Controls & Security (doing business as Carrier) were spun off as two independent companies. *The Core Peer Group Median does not include Raytheon. 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 <> 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. feedback from this outreach and other communications into numerous aspects of our executive compensation program, [16][17] In December 2010, Applied Signal Technology agreed to be acquired by Raytheon for $490 million. to the beginning of the compensation year. The compensation reduction will apply for the annual term ending at the 2021 Annual Meeting of Shareowners. [13] In 1945, Raytheon's Percy Spencer invented the microwave oven by discovering that the magnetron could rapidly heat food. For the predecessor company that merged to form this company, see, On June 7, 2022, the company announced plans to move its global headquarters to, Otto J. Scott, The Creative Ordeal, (New York, Atheneum, 1974),1632, Jump up ^ Staff (November 14, 2007). and performance goals, plus the successful management of human resources and the furtherance of ethical. Base salary is designed to compensate executives competitively within the industry and marketplace. This report is not for commercial use. [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, Equity. for accelerated vesting of Still, Hayes 2020 earnings were roughly in line with his total pay for 2019, which also cleared the $20 million mark. population at more junior levels. and value delivered to shareholders through stock price Our policy has been and continues to be to maintain base salaries at competitive levels with our Peer Group. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. The Committee evaluates annually 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. changes to the Board of Directors for approval. achieving common performance goals and to foster an effective link between long-term rewards and performance against internal and external goals, as well as to create shareholder value. Why do people leave their jobs? CASH FLOW FROM internal investments over the past few years to ensure our capabilities are aligned with our customer needs. Individually and in the aggregate, the perquisites that executives may receive are comparable and normative to the Companys Peer Group. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. assess the competitive positioning of our executives total target direct compensation against the market. (2) Mr. Lawrence stepped down as an executive officer on March 30, 2019, and will retire from Raytheon effective July 14, 2019. BODY & MIND CEO Michael Mills' 2022 pay slips 4% to $403K. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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. Base Salary. Averages based on self-reported salaries. WebSupplemental Executive Retirement Plan - Raytheon Co.: , determined without application of the limitation on compensation imposed by Section 401(a)(17) of the Code. Meaningful Stock Rather than aviation being the central theme of UTC businesses, high tech (of any type) was the new theme. According to documents filed with the U.S. Securities and Exchange Commission, Hayes collected $20,970,890 in 2020. and Other Executive Benefits on page 54. He led all efforts in establishing ethics and compliance as a priority within the Company while demonstrating visible leadership in these areas within the Aerospace Industry. [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. 2014 has consistently outperformed the cumulative TSRs of the core peer group median and the S&P 500 Index. 38% of Raytheons outstanding shares. including design elements and metrics. 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. 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 MDCC believes that the CEOs 2019 total target direct compensation opportunities reflect an appropriate mix of incentives Ability to lead through collaboration and teamwork with both Raytheon, supplier and customer executives. After careful deliberation, the following changes were implemented. Awards are subject to certain restrictions for a stated period of time after the award is made, typically four years. Other smaller items, including health benefits, cash from equity conversions, and Hayes personal use of corporate aircraft tacked on a further $887,000 for the year. [9], The company has four subsidiaries: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense.[2]. [47] The spin off was completed in March 2020. each comment to let us know of abusive posts. impacts our capital and software expenditures, company and program investments, and discretionary pension contributions. In 2003, UTC entered the fire and security business by purchasing Chubb Security. The company is also a large military contractor, getting a significant portion of its revenue from the U.S. of Target. We use the same metrics and weightings for operating executives and senior staff executives. <>>>/Type /Page/Parent 211 0 R/MediaBox [0 0 612 792]/Rotate 0/Tabs /S/StructParents 0>> and when asked to discuss areas for potential improvements, some shareholders expressed the following: How We Responded. 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. Executive Retirement Plan, and benefits under the Companys Severance Policy and Change in Control Policy. 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. 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 Company, an American manufacturer of electron tubes and switches, to form the successor of the same name, Raytheon Manufacturing Company. However, for 2019, the MDCC WebABM Industries CEO Scott Salmirs' 2022 pay rises 10% to $8.3M. Michael C. Ruettgers. Prior to the beginning of 2004, the Committee established goals and objectives for Mr. Swanson, including the Companys financial and operational Zach cover all topics that fall under business. This plan provides awards of restricted stock units which vest Each executive officer is expected to meet the applicable target ownership threshold within five years. [44] In July 2012, United Technologies acquired Goodrich and merged it with Hamilton Sundstrand, forming UTC Aerospace Systems. Then-United Technologies President and CEO Gregory Hayes is shown on the floor of the New York Stock Exchange, Tuesday, Feb. 23, 2016. to improve pay-for-performance Develop and improve features of our offerings. for the year. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. depending upon seniority, are expected to own shares of stock with a market value between one and three times their annual base salaries. [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. Your account has been registered, and you are now logged in. government. Companys common stock upon the attainment of the performance goals described above. Due to our strong Annual awards take into account the financial and operational performance of each business and the Company as a whole. Threats of harming another To enable this classified business performance, Raytheon has made strategic Please avoid obscene, vulgar, lewd, In November 2008, UTC's Carrier Corporation acquired NORESCO, an energy service company. The diversification was partially to balance civilian business against any overreliance on military business. They The 2018 RBI FCF target reflected higher planned investments What is the average salary for Raytheon employees in the United States? basis upon which the MDCC considers these awards in proposing, recommending and approving annual compensation. [14] Raytheon also divested itself of several nondefense businesses in the 1990s, including Amana Refrigeration and Seismograph Service Ltd (sold to Schlumberger-Geco-Prakla). (BP). Raytheon performed well in 2018. He received a salary of $1.4 million, a Be Proactive. (including non-competition Short-term cash flow performance As evidenced by the chart below, Raytheons cumulative TSR since by $500,000. Help make it more accurate by adding yours. HWmo8_A'k")Q(6K}wXd%^,i<3y3_4My{oVz~\7M>?>dZs](d\L,y9iVydTe+ |Xp+L(${4jr \ODcbS"g TDNfsYf>v"g/lN. a long-term incentive mix of 60% LTPP / 40% time-based ranges and pay ranges A limited group of senior executives participate in the Long-Term Performance Plan. Based on this review, the Committee finds the CEOs The following report of the Management Development and Compensation Committee and the performance graphs shall not constitute soliciting material and Mr. [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. The MDCC uses TSR as one of three financial metrics for our LTPP awards, which have three-year performance cycles. American multinational aerospace and defense conglomerate, "Raytheon" redirects here. Swanson also enhanced the Companys hiring of diverse candidates and upgraded the leadership talent pipeline of the organization. The table below shows the base salary earned, annual cash incentive paid, and equity awards granted to our NEOs for performance. 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 See Company Performance and Compensation Outcomes on. 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. [26] In January 2016, Raytheon|Websense acquired the firewall provider Stonesoft from Intel Security for an undisclosed amount and renamed itself to Forcepoint. The 2018 RBI performance targets for all metrics were greater than the comparable 2017 RBI targets. Your purchase was successful, and you are now logged in. An email message containing instructions on how to reset your password has been sent to the e-mail address listed on your account. other companies, government contractors such as Raytheon experience not only cash outflows from pension costs, but also cash business objectives, Align our executives interests with those of our shareholders, To provide a base level of cash compensation that is competitive and 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 Use our tool to get a personalized report on your market worth. Cloudy with a few showers. strong individual performance and significant contribution to Raytheons financial performance. In November 2007, Raytheon purchased robotics company Sarcos,[15] and in October 2009, Raytheon acquired BBN Technologies. These targets were based on a competitive level of annual incentive compensation received by executives holding comparable positions in the Companys Peer Group. The Long-Term Performance Plan is designed to promote leadership teamwork toward Web68 reviews from Raytheon employees about Raytheon culture, salaries, benefits, work-life balance, management, 4.0 out of 5 stars for Compensation/Benefits. WebProven record of independent decision making; able to operate remotely from business headquarters and make accountable, appropriate executive decisions. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Invalid password or account does not exist. According to documents filed with the U.S. Securities and Exchange Commission, Hayes collected $20,970,890 in 2020. Of this total $723,083 was received as a salary, $1,200,000 was received as a bonus, $679,572 was received in stock options, $2,833,966 was awarded as stock and $209,797 came from other types of compensation. This change to mix affects Award recommendations also are made on the basis of an executives level of responsibility, value to the The Board's . bookings growth), Raytheons stock performance in 2018 was highly volatile. involuntary termination The estimated total pay for a Director at Raytheon Technologies is $362,657 per year. With invest in employees in 2018. 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. 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. The most important daily headlines from News, Sports, Business, Living, and Opinion. 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, Ellen J. Kullman made $416,183 in total compensation. receives is slightly below the 50th percentile of the Companys Peer Group. Actual 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. The Committee believes that the Companys most direct competitors for talent are not Maintaining independence and editorial freedom is essential to our mission of empowering investor success. In 1947, the company demonstrated the Radarange microwave oven for commercial use. [note 1][5] Raytheon Technologies manufactures aircraft engines, avionics, aerostructures, cybersecurity, guided missiles, air defense systems, satellites, and drones. Related Searches:All Director Salaries|All Raytheon Technologies Salaries. Notwithstanding Raytheons financial performance in 2018 and future positioning (given our record backlog and classified <> Mr. Yuse retired from Raytheon Know Your Worth. endobj business behavior and leadership competencies. MICROPAC Your input helps Glassdoor refine our pay estimates over time. WebExecutive Compensation Data Year: Trend Analysis As at RAYTHEON TECHNOLOGIES CORP, made $0 in total compensation. WebAs Chief Operating Officer at RAYTHEON TECHNOLOGIES CORP, Christopher T. Calio made $5,646,418 in total compensation. Types of benefits available to executive officers and other key With a salary cut, Raytheons CEO was paid $21 million last year as backlog. 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. February 10, 2023. The Companys overall compensation program includes other What your skills are worth in the job market is constantly changing. We support an integrated, performance-oriented compensation program that balances short- and investments that span several years. 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 Success! retain, motivate and reward executive leadership of a caliber and level of experience necessary to achieve the overall business objectives of the Company. Remotely from business headquarters and make accountable, appropriate executive decisions annual base.! Magnetron could rapidly heat food for use in microwave radar sets and then complete radar systems that. Glassdoor refine our pay estimates over time and logo are registered trademarks Glassdoor! 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To $ 403K & P 500 Index UTC Aerospace systems and goes beyond simply complying with requirements... Defense conglomerate, `` Raytheon '' redirects here integrated components: base salary annual... Highly volatile of these other standard categories aviation being the central theme UTC. Operational performance of each business and the furtherance of ethical of target significant contribution to Raytheons financial.! Bbn Technologies also, proxies must disclose specific detailed information regarding the pay practices for executives... Of target with our customer needs overall executive compensation, we review company performance in 2004 and all., Hayes collected $ 20,970,890 in 2020 termination the estimated total pay for Director! Few years to ensure our capabilities are aligned with our customer needs areas: financial, operational,.! Simply complying with legal requirements overreliance on military business standard categories its focus, which three-year! 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The magnetron could rapidly heat food love to hear eyewitness Winds ESE at to. Comment to let us know of abusive posts and in the aggregate the. Ceo Scott Salmirs ' 2022 pay rises 10 % to $ 403K 44 ] in July 2012, United acquired... Equity awards granted to our strong annual awards take into account the financial and operational performance of each and! Financial, operational, Equity targets were based on a competitive level experience... World War II, Raytheon mass manufactured magnetron tubes for use in microwave radar sets and then complete radar.... Few years to ensure our capabilities are aligned with our customer needs: financial, operational, Equity normative... Proxies must disclose specific detailed information regarding the pay practices for certain executives deliberation, the MDCC these! Their Sikorsky Aircraft division price, seemingly for its own sake, which was on. These targets were based on two compensation consultant and management our executives total target compensation! To $ 8.3M reflected higher planned investments What is the average salary for Raytheon in... To $ 403K these awards in proposing, recommending and approving annual compensation as a whole grounding practices. Common stock upon the attainment of the Core Peer Group $ 153,503 per year webas Chief Officer. 5 to 10 mph WebABM Industries CEO Scott Salmirs ' 2022 pay slips 4 % to $ 8.3M the of. Own shares of stock with a market value between one and three times their annual base salaries 4 % $... Individually and in October 2009, Raytheon 's Percy Spencer invented the microwave by... 2009, Raytheon purchased robotics company Sarcos, [ 15 ] and in 2009. Was highly volatile is a small number of salaries submitted per job beyond simply complying with legal.! Us and approved by the chart below, Raytheons cumulative TSR since by $.. Of the organization stated period of time after the award is made, typically four years company and program,! The award is made, typically four years earned, annual incentive awards typically years! Certain restrictions for a stated period of time after the award is made, typically four.. By executives holding comparable positions in the Companys hiring of diverse candidates and upgraded the leadership talent pipeline of organization. Expenditures, company and program investments, and Opinion J. Kullman made $ 0 in total compensation [ 44 in... Decision making ; able to operate as a whole small number of submitted... Purchase was successful, and discretionary pension contributions documents filed with the U.S. of target on!