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
Apr 28, 2024
Recommend
CEO approval
Business Outlook

Pros

Good Work-Life balance (project dependent) Stable work (if you're on a long-running project, IRADs may differ) Nice coworkers (location dependent) Great 401K match

Cons

Technically behind (i.e. always 5-6 years behind industry standard practices, tools, equipment) Comp time policy actively deters working over 40 hours, even when forced to by management PTO program not noteworthy "Top Performer" bump largely dependent on who you know and who knows you, rather than your actual work output Lackluster bonus (4%, which is totally dependent on sector financial goals rather than individual performance)

3.0
Apr 28, 2024
Recommend
CEO approval
Business Outlook

Pros

Meaningful work, good coworkers on my program,

Cons

Raises are minimal, overtime system seems strange

3.0
Apr 27, 2024
Recommend
CEO approval
Business Outlook

Pros

- Stable-ish (as of 4/2024) - Good work life balance - 401K Match for First 8% - Generous tuition assistance - Quite honestly it's better than any of its competitors in terms of compensation, culture, work, etc. but that's also a very low bar.

Cons

- Low pay - Health plan is awful - Each program has its own funding, making it feel like you're a contractor as opposed to a FT salaried employee - Program dependent but a program working on contributing a net positive to the world using exciting technology is few and far between - Allergic to Remote work, despite the fact that it can save the company millions - Allergic to unclassified work - Allergic to new changes overall - Allergic to meaningful retention tactics AKA INCREASE COMPENSATION - A lot of overhead and hoops to jump through in order to get something done - Awful yearly compensation increase, which is dependent on the Business Area's goals met -> ex. Space can make the company over $1 billion in revenue but since it only reach 95% of its goals, the employees get only 95% of a 4% max bonus. At the inflation rate of 7%, this is absolutely insane.

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