Lockheed Martin reviews

4.1

84% would recommend to a friend

(3,562 total reviews)
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James D. Taiclet

83% approve of CEO

73% positive business outlook

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4K reviews

Reviews about "Compensation"

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4.0
Mar 29, 2014
Recommend
CEO approval
Business Outlook

Pros

-Work life balance -Benefits are fairly good -Interesting work that serves our country -Ethical working environment -Good people to work with -Flexible work schedule and business casual dress code -Merit increases have been fairly consistent each year, but do not always keep up with inflation or increased cost of benefits

Cons

-Job security is fairly low - Your job is only as safe as the program you are working on and your last performance review. However, if you are willing to move around, you can typically find another job in the company when your current job ends. -Benefits are declining all the time - Cost goes up and value goes down. However, I would say that is consistent trend with most companies. -There is almost no spending on employee moral or team building. Award budgets are similarly small.

1.0
Mar 24, 2014

Going downhill

Recommend
CEO approval
Business Outlook

Pros

They had long term contracts and cant hire H-1B visas, they needed US citizens with clearance so didn't have to worry about competing with really low wages and long hours, and bad conditions. They had a company retirement but stopped it for new employees in 2006 but if you were there prior you still get it. Starting salaries are good but only for a few years when your not earning that much.

Cons

layoffs every year so you don't ask for raises or promotions, just lucky to keep your job. 40 billion pension deficit even though they stopped pension so they want most people with the pension to leave or they lay them off. Don't give raises and when they do they are nothing, have to ask senior engineers and IPTs to write a good letter of input to reviews so people just avoid you so they don't have to. Very petty and childish behavior competing to see who gets the raise and who doesn't, its every man for himself not teamwork. Manager assigns what you work on and then says you don't get a raise because of what project you were on when hes the one assigning the project.

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