Lockheed Martin - Great company if government/defense contracting makes you happy. | Glassdoor
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There are newer employer reviews for Lockheed Martin

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Helpful (3)

"Great company if government/defense contracting makes you happy."

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Senior Financial Analyst in Goodyear, AZ
Former Employee - Senior Financial Analyst in Goodyear, AZ
Recommends
Negative Outlook
Approves of CEO

I worked at Lockheed Martin full-time (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 Management

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.

Other Employee Reviews for Lockheed Martin

  1. "Lockheed Martin Employer Review"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - WinTel Platform Engineering in Hillsboro, OR
    Former Employee - WinTel Platform Engineering in Hillsboro, OR
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Lockheed Martin full-time (More than 3 years)

    Pros

    Big company, well funded, very diverse with opportunities and good support for professional development.

    Cons

    Big company, sometimes slow to react. Fixed market.

    Advice to Management

    You know your core competencies, stay focused.


  2. Helpful (2)

    "Good work life balance, security annoyances, stuck in the past"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Software Engineer in Sunnyvale, CA
    Former Employee - Senior Software Engineer in Sunnyvale, CA
    Doesn't Recommend
    No opinion of CEO

    I worked at Lockheed Martin full-time (More than 10 years)

    Pros

    As a software engineer, I rarely worked more than 40 hours per week. (can't say the same for all engineers, however; the test engineers often worked swing shifts and extra hours).

    The slower pace gave me the time to develop as a software engineer, while at work and outside of work.

    Cons

    Using software technologies that were 10-15 years old.
    Inconsistent capabilities between engineers. Some aren't very good.
    Feels really bureaucratic.
    Lots of annoyances that come with being in a high security environment: my building had no windows (not necessarily the case everywhere, though), no cell phones, firewall prevented access to e-mail sites like gmail and streaming sites like pandora.


There are newer employer reviews for Lockheed Martin
There are newer employer reviews for Lockheed Martin

See Most Recent

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