Lockheed Martin employees working as Principal Project Engineer in US have attributed a compensation and benefits rating of 4.8 out of 5 stars, based on 12 ratings. This is in line with the average of Principal Project Engineer professionals at Lockheed Martin worldwide.
The salary trajectory of a Principal Project Engineer ranges between locations and employers. The salary starts at $110,757 per year (estimate) and goes up to $223,927 per year (estimate) for the highest level of seniority.
The estimated average salary for a Principal Project Engineer at Lockheed Martin is $188,740 per year or $91 per hour, but some professionals have reported earning up to roughly $284,990 per year (90th percentile). The typical pay range is between $153,526 (25th percentile) and $235,171 (75th percentile) annually. This is based on 4 salaries submitted by Lockheed Martin Principal Project Engineer professionals on Glassdoor, as of Jul 2026.
Principal Project Engineer professionals typically earn between $74 and $113 per hour.
Principal Project Engineer professionals typically earn between $12,794 and $19,598 monthly.