Lockheed Martin reviews

4.1

84% would recommend to a friend

(3,561 total reviews)
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James D. Taiclet

83% approve of CEO

73% positive business outlook

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Reviews about "Compensation"

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4.0
Jun 2, 2014
Recommend
CEO approval
Business Outlook

Pros

Lockheed Martin tries to maintain focus on what is important, overall program success. The company does a good job of decimating information down to the employees. The company has a good life work balance atmosphere. Paid time off is usually granted, unless there is a contract delivery impact. Career growth is very possible due to the large size of the company so long as you are willing to relocate, otherwise it becomes tougher.

Cons

Over the past decade or so, benefits have been eroding . For instance, the out of pocket cost for medical has risen dramatically. Since the company works so closely with the federal government, they have a tendency to become bureaucratic unnecessarily. The company's loyalty to its employees will be sacrificed for the betterment of the company. The pay is on the low end of average end of the pay scale, Not bad enough to make you seriously want to leave, but not good enough to make you not consider leaving. Management focuses too much on yearly compliance training as a performance metric. I have seen employees get dinged on their performance evaluation because they were not timely in completing their training.

4.0
Jun 2, 2014
Recommend
CEO approval
Business Outlook

Pros

Worked with the a good team wrapping up the finance end of a program. The coworkers were professional, helpful and cared about your success. Fair compensation.

Cons

The largest issue for me was understanding the government system of recording costs, along with acronyms for everything. It was somewhat disorganized at first, but quickly improved.

4.0
Jun 2, 2014
Recommend
CEO approval
Business Outlook

Pros

Great company to work for, decent pay and benefits. Large organized corporate culture, forward thinking and diverse. Some incredibly bright people work here and depending on the mix you are in it can be very exciting to be a part of the action.

Cons

Very lean due to sequestration. Layoffs abound and the future is uncertain at many sites. Politics are unavoidable and budget cuts have put a dark cloud over the place.

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