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

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4.0
Mar 16, 2014

A corporation in transition

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Lockheed Martin is strongly placed in the defense marketplace and has mostly weathered the budgetary changes well. The work is exciting and challenging. Opportunities to move within the corporation are there for those willing to do more legwork than a web search. Corporate negotiated discounts are available for employees on everything from cell phone service to vacations. Benefits are better than some, but worse than others. 401(k) match is nice to have.

Cons

Human resources is perhaps the primary reason for 9 out of 10 employees, that I have known, to leave the company. HR is given free reign over salaries and promotions and uses one measuring stick for a technical staff of around 50,000. It simply doesn't work. The processes and requirements are hidden and promotions are based on the feeling of HR rather than the experience provided to them by your direct supervisor. Salaries are low; as is typical for the industry. Benefits are solid but have increased substantially every year for the last 5 either through increased premiums or increased deductibles and decreased coverage.

4.0
Mar 14, 2014

Project Manager

Recommend
CEO approval
Business Outlook

Pros

Diversity of projects. Management makes an effort to grow employees into positions. Jobs are relatively stable with good performance.

Cons

Slow rate of promotion. Heavy handed process control. Planning occurs at high levels of management and does not normally include input from non-leaders.

3.0
Mar 12, 2014
Recommend
CEO approval
Business Outlook

Pros

-Interesting projects (especially for R&D or projects designing new systems). Work on projects that can have a big impact or addresses an important government need. You get the opportunity to create systems or products that are very tangible/deployable and protects lives. -Work-life balance (though this is changing and getting worse) -Flexible schedule - for engineers, it is generally not a problem if you come into work later in the day but also stay a little later at night to get work done. Very helpful for doctors appointments or picking up children for events. -Engineering colleagues are generally pretty collegial, and you may get to work with some very brilliant people -401k with company match, 100% vested immediately -Well known defense contractor

Cons

-Not a "hot" technology employer. LM does not have the pull or allure of a Google/Amazon. -A lot of the systems you will work on are very old/outdated, and the skills you develop here will only be helpful in the defense industry. Especially for software programmers, a lot of the languages used are fairly old, and from what I have seen from friends looking to transition over into the commercial tech sector, the skills you develop here are not attractive to other employers. -Bureaucratic and slow paced; decisions need buy-in from multiple different managers (even if they are only tangentially related to the project), which requires many meetings and follow on meetings. -Overall compensation package is not good. Salaries are below market average. No year end bonuses. Employees' performance is graded on a normal curve, and the nominal wage increase barely beats inflation. Health insurance plan is a common complaint among employees. -Job security: current cuts in the defense budget and projected slowdown in defense expenditures point to a lot of belt tightening. LM has gone through a series of layoffs over the last few years. This has led to poor morale and has further exacerbated the next point: -Political, territorial, and top heavy management. Some projects have more managers than actual engineers/workers. Some managers have no understanding of the technical product they are overseeing, which can lead to bad decisions and stressful/unreasonable demands on engineers. -Lack of diversity.

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