What benefits does Lockheed Martin provide?

The following list contains benefits that have been reported by current and former employees or have been verified by Lockheed Martin: Insurance, Health & Wellness, Financial & Retirement, Family & Parenting, Vacation & Time Off, Perks & Discounts, Professional Support

What are the most talked about benefits at Lockheed Martin

The most talked about benefits at Lockheed Martin include Health Insurance, Vacation & Paid Time Off, 401K Plan

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Lockheed Martin

Lockheed Martin pay & benefits

Lockheed Martin benefits

Q: What are people saying about Health Insurance at Lockheed Martin

They are saying, 'Worst. They pay for nothing until you hit $3000 for the year. When I say nothing I mean nothing. Daughter gets the flu, they pay nothing. $0 for the doctor, $0 for the prescription. I paid $240 for Tamiflu using their prescription plan. $240 for 1 case of the flu. Plus $100 to see the Doctor. Crazy.'

Q: What are people saying about Vacation & Paid Time Off at Lockheed Martin

They are saying, 'Don't be surprised if you take vacation and the when you return you are laid off.'

Q: What are people saying about 401K Plan at Lockheed Martin

They are saying, '50% match up to 8%, plus 6% on top, for a grand total of 10%. This is outstanding and I do not know of anyone who tops that. If you make $100 and max out your 401k, you're putting away $28k a year.'

4.1

(2618 Reviews)

From competitive pay and benefits to flexible work schedules and financial tools, at Lockheed Martin we show our appreciation for your skills, ambitions and potential.

Reported benefits

Health Insurance

3.6

Employer verified648 Reviews

Dental Insurance

3.8

Employer verified101 Reviews

Flexible Spending Account (FSA)

3.7

Employer verified14 Reviews

Vision Insurance

3.8

Employer verified63 Reviews

Health Savings Account (HSA)

4.2

Employer verified38 Reviews

Life Insurance

3.9

Employer verified63 Reviews

Supplemental Life Insurance

3.8

Employer verified31 Reviews

Disability Insurance

3.8

Employer verified36 Reviews

Occupational Accident Insurance

4.2

Employer verified13 Reviews

Health Care On-Site

4.2

Employer verified12 Reviews

Mental Health Care

3.8

Employer verified11 Reviews

Retiree Health & Medical

3.4

Employer verified7 Reviews

Workers' Compensation

4.6

Employer verified5 Reviews

Accidental Death & Dismemberment Insurance

3.6

Employer verified20 Reviews

Employer verified402 Reviews

Retirement Plan

3.9

Employer verified108 Reviews

Employee Stock Purchase Plan

3.4

Employer verified10 Reviews

Performance Bonus

3.5

Employer verified4 Reviews

Stock Options

3.0

Employer verified1 Reviews

Equity Incentive Plan

4.5

Employer verified2 Reviews

Charitable Gift Matching

4.3

Employer verified11 Reviews

Maternity & Paternity Leave

4.0

Employer verified109 Reviews

Fertility Assistance

5.0

Employer verified1 Reviews

Dependent Care

4.7

Employer verified3 Reviews

Adoption Assistance

5.0

Employer verified1 Reviews

Reduced or Flexible Hours

4.1

Employer verified26 Reviews

Family Medical Leave

3.7

Employer verified29 Reviews

Vacation & Paid Time Off

4.2

Employer verified444 Reviews

Sick Leave

3.6

Employer verified27 Reviews

Paid Holidays

4.1

Employer verified125 Reviews

Military Leave

4.1

Employer verified20 Reviews

Volunteer Time Off-★

Employer verifiedNo ratings

Sabbatical Leave

5.0

1 Reviews

Unpaid Extended Leave

3.8

Employer verified13 Reviews

Bereavement Leave

4.1

Employer verified30 Reviews

Work From Home

4.1

Employer verified49 Reviews

Employee Discounts

3.6

Employer verified129 Reviews

Free Lunch or Snacks

3.0

1 Reviews

Employee Assistance Program

3.7

Employer verified23 Reviews

Gym Membership

4.0

Employer verified2 Reviews

Commuter Checks & Assistance

3.0

Employer verified1 Reviews

Mobile Phone Discount

4.1

Employer verified15 Reviews

Company Social Events

4.3

Employer verified15 Reviews

Travel Concierge

4.5

Employer verified2 Reviews

Legal Assistance

4.0

Employer verified2 Reviews

Diversity Programs

3.0

Employer verified28 Reviews

Job Training

3.6

Employer verified20 Reviews

Professional Development

3.8

Employer verified20 Reviews

Apprenticeship Program-★

Employer verifiedNo ratings

Tuition Assistance

4.1

Employer verified58 Reviews

Most talked about benefits

Health Insurance

648 total reviews

"Worst. They pay for nothing until you hit $3000 for the year. When I say nothing I mean nothing. Daughter gets the flu, they pay nothing. $0 for the doctor, $0 for the prescription. I paid $240 for Tamiflu using their prescription plan. $240 for 1 case of the flu. Plus $100 to see the Doctor. Crazy."

posted by an anonymous user

Vacation & Paid Time Off

444 total reviews

"Don't be surprised if you take vacation and the when you return you are laid off."

posted by an anonymous user

401K Plan

402 total reviews

"50% match up to 8%, plus 6% on top, for a grand total of 10%. This is outstanding and I do not know of anyone who tops that. If you make $100 and max out your 401k, you're putting away $28k a year."

posted by an anonymous user

Benefits reviews

631-640 of 2618 Reviews

5.0

Apr 7, 2024

Anonymous Project Manager

With the health care, I'm always covered and never have anything to pay out of pocket from my regular checking account because I pair up my insurance with a Health Savings Account.

5.0

Apr 7, 2024

Anonymous employee

401K match, sick pay, vacation pay and holiday pay

5.0

Apr 6, 2024

Anonymous Electrical Engineer

Great 401K match and yearly incentive

5.0

Apr 6, 2024

Anonymous Electrician

Great benefits especially health insurance

5.0

Apr 4, 2024

Anonymous Financial Analyst

Very good 401k plan. They do a 10% match when you contribute only 8%

4.0

Apr 3, 2024

Anonymous Project Engineer Staff

Great PTO, strong 401K package, and wonderful array of resources to help you achieve work/life balance

3.0

Apr 3, 2024

Anonymous Project Coordinator

Good benefits but getting more expensive and pushing back on the employee to compensate.

3.0

Apr 2, 2024

Anonymous employee

Company has decent benefits. Had better in the past.

5.0

Apr 1, 2024

Anonymous Senior Software Engineer

All the benefits are pretty good minus pay increases being a little slow.

5.0

Apr 1, 2024

Anonymous Electro-Optical Engineer

401K is really legit, you put in post tax money and they put in pre tax money.

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Lockheed Martin benefits

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