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I have been working at Lockheed Martin full-time (More than 3 years)
Good benefits and fair pay. Great people at many sites. Some sites are willing to adapt the latest technology, but many are not.
Poor customers. Big drive to make cheap products + unwillingness to fight customer requirements = bad products. Company bureaucracy can make change hard. Managers are powerless to fix compensation issues.
Advice to Management
Give managers greater control over proposals for new work as well as employee compensation. There is a huge disconnect between compensation levels (based purely on cost-of-living) and market forces that affect retention.