Raytheon CEO William H. Swanson received a slight salary bump in 2012 but his overall compensation grew by $1.4 million, the defense contractor disclosed in a Securities and Exchange Commission filing Friday. Swanson received a base salary of $1.4 million for 2012, a small increase from 2011. But his overall compensation with incentive pay and stock holdings came to $16.4 million. That’s up from $15 million overall in 2011 and $14.8 million in 2010. In explaining the compensation, the company noted in the SEC filing that Raytheon had “strong operational results” in 2012, including an increased backlog from $35.3 billion…
Browsing: Boeing
The Navy has awarded a $1.9 billion order for more aerial reconnaissance and sub-hunting aircraft to Boeing, the agency announced Friday. The low-rate initial production award for 11 P-8A Poseidon aircraft is a modification to a previously awarded fixed-price-incentive-firm contract and follows two orders last year for 13 aircraft. The fleet will ” bolster the service’s anti-submarine, anti-surface warfare and intelligence, surveillance and reconnaissance capabilities,” Boeing said in a news release today. Boeing has delivered three of the P-8As, which are based on the company’s 737-800 commercial airplane, the company said. The Navy plans to purchase 117 to replace its P-3 fleet. Most of…