Lockheed Martin Employee Benefits and Perks | Glassdoor

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Lockheed Martin Benefits

742 Ratings

Employer Summary

From compensation 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 744 comments

Most Commented

  • Jan 21, 2018
    StarStarStarStarStar Former Associate Manager in Fort Worth, Texas

    Excellent vacation, sick leave and flexible work week options. Pension has been eliminated in recent years. Retirement savings plans and health insurance have diminished as well. Although health insurance was realigned to industry norms since Obamacare was enacted.

  • Jan 18, 2018
    StarStarStarStarStar Former Employee in Greenville, South Carolina

    good benefits and good 401k rate of return

  • Jan 09, 2018
    StarStarStarStarStar Former Associate Software Engineer in Gaithersburg, Maryland

    The work schedule was flexible. The 401K was standard. There was special insurance for dismemberment. Health insurance was excellent. Great short term and long term insurance coverage.

  • Jan 20, 2018
    StarStarStarStarStar Former Employee in Littleton, Colorado

    Benefits have consistently gotten worse.

  • Jan 17, 2018
    StarStarStarStarStar Current Subcontract Administrator in Marietta, Georgia

    Steady benefits, okay stock options.

  • Jan 14, 2018
    StarStarStarStarStar Current Employee in Lexington-Fayette, Kentucky

    401k is .5% match to a maximum of 4% employer contribution. Health insurance changed to a high deductible plan, sourcing pharmacy from CVS. Net is, costs are about the same on a weekly basis, meds cost 10x more and much less is covered by the plan until you break the deductible. Last year they quietly dropped coverage for same sex and domestic partners and children of same, this year they've changed the travel programs to require the lowest cost in all cases (unless you're an executive officer of course). A lot of the work requires travel so prepare to be crammed into economy seating, with multiple hops and long layovers to save $50 or $100.

  • Jan 15, 2018
    StarStarStarStarStar Current Employee in Orlando, Florida

    Decent benefits and great time off, but the benefit prices have increased a lot in recent years. Expensive for an early career employee starting a family.

  • Dec 19, 2017
    StarStarStarStarStar Current Employee in Denver, Colorado

    The benefits package is small as a Co-Op but more than generous, as it is rare to be even offered one in my position

  • Jan 22, 2018
    StarStarStarStarStar Former Software Engineer in Moorestown, New Jersey

    Health insurance is terrible given the size of the company. They only offer a high deductible plan and it's not very good. More employee get a flex-40 schedule.

  • Dec 25, 2017
    StarStarStarStarStar Former Employee in Marietta, Georgia

    Great 401k matching. Three weeks vacation from start date.

Benefits Summary

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

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Financial & Retirement

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