There are newer employer reviews for Lockheed Martin

Helpful (2)

I really wanted to love this place but policies that promote mediocre work kill it.

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

I have been working at Lockheed Martin full-time (more than 5 years)

Doesn't Recommend
Negative Outlook
Disapproves of CEO
Doesn't Recommend
Negative Outlook
Disapproves of CEO

Pros

There are opportunities to work on some awesome missions.
Work/life balance is great for many positions.
9/80 work week, get every other Friday off!

Cons

Company policies affecting performance reviews, merit increases, promotions, and compensation remove all incentive to excel and try to move up quickly. High performers aren't really differentiated from average performers.
It takes forever to move up - every coworker, high contributors included, has been promoted years after it was deserved due to HR policies. Your title doesn't reflect your actual level of competency or responsibility.
Engineering salaries are lower than SF Bay Area averages, and almost no one receives profit sharing.
Lots of ancient technologies & policies everywhere.
Multi-disciplinary technical teams often require software engineers to come in at unnecessarily early hours.

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  1. Meh...

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

    I have been working at Lockheed Martin full-time (more than 5 years)

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Great company for incoming college hires. You get to build your resume and experience (again, only if you're early in your career)

    Cons

    Lots of politics with upper management. VERY hard to get promoted. You basically have to threaten to leave the company in order for someone to consider you for a promotion to keep you. Lots of cuts happening across the business.

    Advice to Management

    Treat your engineers better.

  2. High pay for niche skills and self-starters; mostly full of older employees riding a pension.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Lockheed Martin full-time (more than a year)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Large corporation with great industry status.
    Well respected by potential employers and average people.
    Premium rates for niche skills if you are willing to travel.
    Corporate locations typically have great facilities.
    Management is typically respectful of work/life balance if you demand it.
    Some really neat and important projects with great rates.
    Stocks are rockin!

    Cons

    Large corporation with many layers of management lacking real leadership qualities.
    No formal company-wide career advancement paths. If you want a serious raise you need to move jobs.
    Non-corporate work locations can be sketchy. Lockheed's business capture teams are fairly cutthroat, leaving workers to deal with the fallout on site.
    Program managers appear to be trained to walk all over anything in their way. Must be prepared to set and maintain boundaries.
    Many projects are fairly mundane and full of grumblers.
    No profit share, just 401k matching. They stopped pensions a few years ago. As someone else mentioned, annual gimme raise of 2-5% barely keeps up with healthcare increases.

    Advice to Management

    Without a pension plan, Lockheed offers no better benefits than most other DoD contract companies. Without a career progression plan, employees will seek to increase their salary by changing jobs. Stocks have been amazing, but without profit sharing they further weaken company loyalty.

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