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

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

Other reviews for Lockheed Martin

  1. 1 person found this helpful  

    Not bad for the location

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Software Engineer Senior  in  Valley Forge, PA
    Current Employee - Software Engineer Senior in Valley Forge, PA

    Pros

    Very flexible hours
    Good work life balance
    Decent 401k matching

    Cons

    They keep striping benefits from employees.
    General incompetence

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2. 3 people found this helpful  

    Company Culture Sucks

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Engineer  in  Fort Worth, TX
    Current Employee - Engineer in Fort Worth, TX

    Pros

    Weekly paychecks, end of year lengthy holiday plant shutdown

    Cons

    Rigid, regulation strigent. One will probably enjoy this company only if they used to be in the military, wanted to be in the military, or enjoyed working for the government in some capacity

    Advice to ManagementAdvice

    Take more suggestions from employees regularly-suggestion boxes/emails??

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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