Lockheed Martin reviews

4.1

84% would recommend to a friend

(3,559 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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1.0
Nov 1, 2013
Recommend
CEO approval
Business Outlook

Pros

The pay is nice, but as they have been laying off everyone from skilled workers and dedicated employees of over 25 years at CAAF, that point seems quite null. I had the fortune to have met and worked with some amazingly friendly, hard working people. Albiet, these were the people that were already working at CAAF before Lockheed came in.

Cons

This company came into the contract with what seems like literally NO sense on how to run a business. As workers, we had received word that Lockheed had won the bid for the contract at Ft. Campbell. I was personally excited. Lockheed, having been a successful company for a century now, led me to believe they had some clue as to what they were getting into. Well, nothing could be further from the truth. It took over two weeks after starting before they began to acquire our information in regards to setting up benefits. By benefits, I mean our pay! Yes, we went to work for weeks before they "got around" to seeing towards paying us.... yeah, so good start. I can't really elaborate on the fun we had with our incredibly overpriced Health benefits. I'm a 25 year old, single male with no pre-existing conditions. According to their plan, I would be paying $177 a week. A WEEK. Yeah, $708 a month for their CHEAPEST coverage.... I won't get into how they selected their leadership. After close to a month with the company, we finally met our supervisor. His first message was praising us for our hard work and dedication. Literally the next day, the first round of layoffs hit. Mind you, there was no mention of this at the unpaid, after work meeting. From that point, workers have been being laid off seemingly weekly. Our personelle has dropped by close to 100 workers, deadlines have been cut, workers are being asked not only to do their jobs quicker and with fewer resources, but are also, now being left with the responsibilities of those that have since left. All this in an environment where no one knows if the next day they'll still have a job the next day.

4.0
Oct 31, 2013

Many good years spent working for Lockheed Martin

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Lockheed Martin does offer competitive benefits and good compensation, and overall has some good management and does reward good performance.

Cons

Lockheed Martin decided to close our operations and moved the work and our jobs to other Lockheed Martin sites, which was not well received nor understood by our customers. There are far too many layers of management.

4.0
Oct 31, 2013
Recommend
CEO approval
Business Outlook

Pros

The pay is good. At the time I was hired, there was still a defined benefit (pension) plan. No longer available for new hires. Flextime - Seems mgmt is genuinely concerned w/home-work life balance

Cons

Little or no chance of advancement after you hit a certain tier (level 3). Too many mgmt levels between Individual contributors and those that make promotion decsions (first lines don't have much impact on those decsions). Defense Industry - It appears to be lean times ahead. We are doing more with less and it seems (at least in MST) our ranks are shrinking. Too much time and $$ is spent on the PR aspects of "Inclusion, Diversity etc...). Policies are in place to make this a good work environment, but it seems that they advertise to appease the "PC" media and outside interests, when it really is not needed.

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