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3 people found this helpful  

Great company if government/defense contracting makes you happy.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Senior Financial Analyst  in  Goodyear, AZ
Former Employee - Senior Financial Analyst in Goodyear, AZ

I worked at Lockheed Martin full-time for more than 5 years

Pros

It's a very large company with many locations so there is opportunity to move around. They offer good health benefits, 401K with company match, capital accumulation plan in lieu of a pension, tuition reimbursement, lots of vacation time plus floating holidays, flexible schedules (flex 40 or 9/80), and salary is generally competitive. Some positions allow employees to work remotely from home on a situational basis. The company offers formal training programs & career development. SPOT awards and Special Recognition Awards are available to individuals and teams for exceptional performance. Employees support very important missions and the company is dedicated to community service and military support. LM takes ethical matters seriously.

Cons

LM is large, bureaucratic, slow moving, and political. The industry relies heavily on government funding and many areas of the business have had to contend with shrinking budgets. While the company itself is stable (stock price is at an all-time high) individual programs are not. Jobs end when contracts do. The company has frequent re-orgs which is a regular source of disruption. LM likes to tout "one company, one team" but there are some inconsistencies across the different business areas and they are constantly in competition with one another. The performance appraisal system is very flawed. Employees set their own individual commitments and are then ranked and placed into a forced distribution. (This method should only be applied if everyone is being rated against the same set of commitments.) The "good ol boys" network still exists at LM and management will take care of their buddies over top performers. The company advertises Full Spectrum Leadership (Shape the Future, Build Effective Relationships, Energize the Team, Deliver Results, and Model Personal Excellence, Integrity & Accountability) yet there are so many leaders who do not embody the FSL characteristics and they get rewarded for it! It's appalling.

Advice to ManagementAdvice

Even having a female CEO, women at LM are still making less than their male counterparts. Equal pay for equal work! The company needs to do away with the ol boys club and not just say "pay for performance", but actually do it.

Recommends
Negative Outlook
Approves of CEO

Other Reviews for Lockheed Martin

  1. 1 person found this helpful  

    Based on Employee Interviews

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Lockheed Martin

    Pros

    Has the ability to win good contracts.

    Cons

    Greedy - Low pay, very little time off, impossible to advance, no job security, treated like subcontractors,

  2.  

    Good old Boy Network

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Metroligst  in  Cape Canaveral, FL
    Former Employee - Metroligst in Cape Canaveral, FL

    I worked at Lockheed Martin

    Pros

    Stable Environment. In good with the Government Contract awards, complementary to Boeing,s health Care benefits.

    Cons

    Military attitude. Hire a lot of Ex military to secure Military contracts good retirement packages pay for higher education

    Advice to ManagementAdvice

    Use the Blind Vale approach when hiring candidates based on there credentials.
    Dump the Behavioral interviewing techniques it doesn't work.

    Neutral Outlook
    Approves of CEO
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