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 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

201-210 of 2618 Reviews

5.0

Jun 6, 2025

Anonymous Aeronautical Engineer Asc

Time Off, 401K and Tuition Assistance

3.0

May 30, 2025

Anonymous Subcontract Administrator

Up to 10% Company contribution to 401k is great, but the health benefits are horrible. They only offer a high deductible plan which is pricey if you get sick. PTO is competitive to what is offered by their competitors. LM also has a 4 day work week which is great for work/life balance.

2.0

May 29, 2025

Anonymous Engineer

making a difference / Bureaucracy

5.0

May 28, 2025

Anonymous employee

Vacation and paid time off

3.0

May 28, 2025

Anonymous employee

Very small incentives for personal fitness

3.0

May 28, 2025

Anonymous employee

Poor leadership, lack of training.

4.0

May 26, 2025

Anonymous Engineer

401k match, 4/10 schedule, flexible schedule

5.0

May 25, 2025

Anonymous Manufacturing Engineer

Incredible 401k match. Always good Benefits package. 250 hour PTO bank that you can partially or fully sell annually if desired.

5.0

May 23, 2025

Anonymous Records Clerk

Company perks and time off

5.0

May 23, 2025

Anonymous Software Engineer

Lockheed Martin offers a 10% 401K match

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