Lockheed Martin Employee Benefits and Perks | Glassdoor

Lockheed Martin Benefits

832 Ratings

Employer Summary

From competitive pay and benefits to flexible work schedules and financial tools, at Lockheed Martin we show our appreciation for your skills, ambitions and potential.

Employee Benefit Reviews

Showing 1–10 of 834 comments

Most Commented

  • Sep 19, 2018
    StarStarStarStarStar Current Employee in Norfolk, Virginia

    Worst is the high deductible health insurance they recently switched to. Good 401k though.

  • Sep 07, 2018
    StarStarStarStarStar Current Electrical Engineer in Orlando, Florida

    LM offers a matching Roth 401k

  • Sep 07, 2018
    StarStarStarStarStar Current Systems Engineer Asc in Littleton, Colorado

    High company contribution to retirement plans (2% outright, and match employee's contribution up to 4%, meaning as much as 6%).

  • Sep 08, 2018
    StarStarStarStarStar Former Pilot in New York, New York State

    Brilliant and industry leading benefits for full time employees. Felt valued working here.

  • Sep 20, 2018
    StarStarStarStarStar Current Employee in Atlanta, Georgia

    They are not better than other companies

  • Sep 15, 2018
    StarStarStarStarStar Current Staff Engineer in Sunnyvale, California

    Health coverage for salary is high deductible only. You pay weekly premiums for a family totalling $4k annually, then you don't get a cent covered unless you've spent an additional $7k deductible. Although annual checkups are free, you'd better not get sick, otherwise you're in for eye-popping multiple bills from one visit - facility, doctor, lab, lab analyst.

  • Sep 13, 2018
    StarStarStarStarStar Former Staff Software Engineer in Baltimore, Maryland

    The company match was always good. The health care benefits went down hill dramatically through the years.

  • Aug 29, 2018
    StarStarStarStarStar Former Executive Assistant in Arlington, Virginia

    Great benefits package as well as tuition reimbursement.

  • Sep 07, 2018
    StarStarStarStarStar Current Employee in Cherry Hill, New Jersey

    Newest health plan has extremely high deductibles. Maternity leave is 7 weeks paid, 12 weeks total. Paternity leave is one week paid.

  • Sep 07, 2018
    StarStarStarStarStar Former Employee in Bethesda, Maryland

    Health benefits had a deductible that crept up to over $1,000 by the time I left. It wouldn't cover anything unless you paid that much money out for the year. It was also an expensive deduction out of your weekly pay. The only redeeming benefit at Lockheed was that they paid for my Masters. They require you to stay for a year after completion, but I didn't and had to pay it back.

Benefits Summary

List based on reports from current and former employees. It may not be complete.

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Insurance, Health & Wellness

Financial & Retirement

Family & Parenting

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