Raytheon Employee Benefits and Perks | Glassdoor

Raytheon Benefits

509 Ratings

Employer Summary

Raytheon is proud to offer a comprehensive, competitive benefits package to you, your spouse or same-sex domestic partner, and your eligible children. In addition to protecting you and your family's health and well-being, we offer important income and work/life benefits to meet your needs. 

Employee Benefit Reviews

Showing 1–10 of 515 comments

Most Commented

  • 401K Plan  (156 comments)

    “3% matching on Fidelity 401K plan, no vetting required to obtain the 3% payin, great portfolio aswell”

  • Health Insurance  (82 comments)

    “Raytheon uses a HSA health plan with several options from low to high, and several depent acceptance rules.”

  • Vacation & Paid Time Off  (72 comments)

    “It is a little on the low side if you do not ask for a higher amount when accepting your position. The PTO builds up quite well over a few years...”

  • Mar 20, 2019
    StarStarStarStarStar Current Employee in Wichita, Kansas

    Raytheon pays for dental insurance, at no cost to employee.

  • Mar 19, 2019
    StarStarStarStarStar Current Sr Program Manager in El Segundo, California

    Good benefits. Paid 3 week paternity/maternity leave. PTO is low to start (80hrs) but ramps up quick to 120 and then 160 at 5 years.

  • Mar 05, 2019
    StarStarStarStarStar Current Employee in Dallas, Texas

    Roll over 40 hours of PTO to next year.

  • Mar 03, 2019
    StarStarStarStarStar Current Employee in Aurora, Colorado

    The benefits are the best thing about working at Raytheon.

  • Feb 23, 2019
    StarStarStarStarStar Current Sr. Software Engineer in Dulles, Virginia

    Raytheon offers base PTO of 2 weeks a year and has a system to slowly build it up to 4 weeks over 10 years. It is possible to get 3 weeks at start but you need to make that a requirement when applying for job. Health insurance is provided by United Healthcare HSA and Kaiser HMO; for the HSA there are two tiers and they place a balance on your HSA which is handled by Fidelity. Vision, dental, and life insurance is also offered. Work life balance is excellent, it is almost difficult to work over 40 hours a week. Raytheon is ahead of the curve when it comes to Paternity leave (for such a large company) by offering 3 weeks paid leave.

  • Mar 06, 2019
    StarStarStarStarStar Former Senior Principal Software Engineer in San Diego, California

    They do not offer in my opinion a great yearly bonus (2 or 3K). Other fortune 100 companies I worked for gave routinely 5 to 15k.

  • Feb 17, 2019
    StarStarStarStarStar Current Employee in Los Angeles, California

    Good work/life balance. 401k is generic and equity compensation grants are non-existent.

  • Feb 14, 2019
    StarStarStarStarStar Current Employee in Tucson, Arizona

    Overall, the benefit package is very good, with a lot of optional coverages. Like many major defense contactors, the health insurance is not great. HDHP with HSA is offered at 2 levels. Essentially, the program amounts to you paying a bi-weekly insurance premium in exchange for a "discount" at in-network providers. I wouldn't really call it insurance, except in a catastrophic sense. Plan on funding an HSA, because the deductibles are quite high.

  • Feb 25, 2019
    StarStarStarStarStar Former Software Engineer in Fullerton, California

    Good vacation policy, if you're allowed to use it. 12 Holidays and 4 weeks PTO after 5 years. Generic health options that seem to get a lot more expensive every year.

  • Feb 18, 2019
    StarStarStarStarStar Current Employee in Tucson, Arizona

    Benefits are in line with similar companies. They should think about employee stock purchase plans.

Benefits Summary

List based on reports from current and former employees. It may not be complete.

Checkmark Employer Verified  No Data

Insurance, Health & Wellness

Financial & Retirement

Family & Parenting

Vacation & Time Off

Perks & Discounts

Professional Support

Work at Raytheon? Share Your Experiences

  • Star
  • Star
  • Star
  • Star
  • Star
Click to Rate