Lockheed Martin

www.lockheedmartin.com
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1 person found this helpful  

A great place to START your career, and possibly END your career, but not so good to GROW your career

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Systems Engineer in Herndon, VA
Former Employee - Systems Engineer in Herndon, VA

I worked at Lockheed Martin full-time (more than a year)

Pros

Lockheed Martin is a great place for recent graduates to start their careers and prove themselves. From that respect, they are actually pretty good at providing opportunities for people where other companies might want to see more experience. Their sheer size also provides a lot of breadth as far as opportunities to work with different government agencies/customers, various technologies and geographic locations.

Cons

Not so great if you're looking to grow your career (especially with regard to salary growth). Lockheed Martin is known in the defense contractor space for under-compensating employees. You would think this means cost savings for the government, but in reality most contractors charge about the same, meaning Lockheed is just skimming more off the top for themselves (and to pay upper and middle management cushy salaries.) You're better off finding a smaller company, with smaller overhead that can afford to pay you a better salary. Also, it's a crapshoot when it comes to the "work/life balance" they advertise. I worked on a program where you were expected to put in 60-70 hour weeks (5 hours of which you worked for free), but I also worked an IRAD which was a typical 40 hour week. Corporate culture is standard big company culture. The shareholder is number 1. They will do everything they can to maximize their revenue (how much they charge for you to the government) and minimize their cost (how much you get in salary, how many days off, fringe benefits, etc.) The system is set up to reward the top management more money and stocks to treat their regular employees poorly and convince them to stay for as long as possible.

Advice to ManagementAdvice

"Market" surveys of salaries are deceptive statistics. If you continue to use these as an excuse to under-compensate employees, the good ones leave and you're stuck holding the bag with the non-performers. This of course leads to unhappy customers, inability to execute on contracts and (eventual) loss of future contracts and revenue.

Doesn't Recommend
Negative Outlook
Approves of CEO

2609 Other Employee Reviews for Lockheed Martin (View Most Recent)

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  1.  

    Great Benefits

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Intern in Greenbelt, MD
    Former Employee - Intern in Greenbelt, MD

    I worked at Lockheed Martin as an intern (more than 5 years)

    Pros

    NIce employees and work environment

    Cons

    To large of a company to properly manage each department efficiently

    Recommends
    No opinion of CEO
  2.  

    25 years experience as electrical engineer

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Staff Systems Engineer in Saint Paul, MN
    Former Employee - Senior Staff Systems Engineer in Saint Paul, MN

    I worked at Lockheed Martin full-time (more than 10 years)

    Pros

    Historical quality supplier of Military products.

    Cons

    Company is not winning programs and has internal management problems.

    Advice to ManagementAdvice

    Trust your engineers to help you win business

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
There are newer employer reviews for Lockheed Martin

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