Lockheed Martin reviews

4.1

84% would recommend to a friend

(3,561 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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5.0
Apr 30, 2014
Recommend
CEO approval
Business Outlook

Pros

They look at all their employees where I was employed (USACE-US Army Corps of Engineers), as their family. If you have a problem or are have a tardiness issue they will do everything to keep you within the company, even adjusting your work hours. We pretty much made our own schedule within the 8 hr with 1 hour lunch break mandatory policy. You could come in and leave so long as you didn't break that policy, management had no leg to stand on if they didn't agree with you. They did many morale boosters, and kept in touch with all of us, we were spread around the globe, and was never overly critical. They held our hands and stood in the fire on many things so we (their contractors) didn't have to. They gave us regular pay raises, matched our 401k 100% to our contribution and gave us their VIP status on things like cell phones and stuff on agreements they had with major cell phone companies, online shoe stores, etc. it was a little like having an expense account. They took over USACE from another company that I was with. They carried me over, so I was there about 4 years total. I appreciated that the workplace was Army related because I am prior Army. I really loved it there!

Cons

Not any. I left for personal issues. Am now retired from working, live in TX and take care of my family while going to school. I wish I were still there, I miss the friends I've made. But I know I cannot return due to my disability. That would be the only con.

4.0
Apr 24, 2014
Recommend
CEO approval
Business Outlook

Pros

Very good management; important, challenging, high-tech work; good opportunities for vertical and lateral moves and transfers to other locations and divisions; tuition reimbursement, training and education support; good salary ranges and benefits; high ethics

Cons

Contract awards are based on the ups and downs of the federal defense budget and Congressional decisions.

3.0
Apr 23, 2014

Corp HQ Analyst

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Better than average compensation. The people who stay tend to stay for a very long time. Your experience depends on what business area/program you work for. HQ tends to be a little more modern while some of the other divisions might have mgmt. techniques that date back to the Mad Men era. Very tolerant of telecommuting- although it seems to be pulling back a bit on this recently. Most coworkers are competent, pleasant and good to work with- but again this could depend on which program you are on.

Cons

Company is not afraid to reorganize organizational structure and shuffle mgmt. I basically get a new boss and/or department every 18 months (or sooner). This does not allow for much workforce stability or long term strategic planning. Congressional budget issues and sequestration are a big concern and as a result, company has been downsizing across the board to cut costs. Just read the papers and you will see facilities are being closed and layoffs enacted.

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