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Lockheed Martin

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Lockheed Martin reviews

4.1

83% would recommend to a friend

(14,537 total reviews)
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James D. Taiclet

82% approve of CEO

73% positive business outlook

Lockheed Martin has an employee rating of 4.1 out of 5 stars, based on 14,537 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The Lockheed Martin employee rating is in line with the average (within 1 standard deviation) for employers within the Luft- & Raumfahrt, Verteidigung industry (3.6 stars).

Reviews by job title

15K reviews
1.0
May 6, 2009
Recommend
CEO approval
Business Outlook

Pros

There are no reasons to stay with this company. They management lack leadership and it is a constant circle of lies and misguided truths

Cons

Lack of putting people first Compensation is not competive in todays market There is a constant layer of Bueocracy in this company. Your manager you report to may not even be familiar with your job function

1.0
Mar 9, 2009
Recommend
CEO approval
Business Outlook

Pros

Good job security, good vacation benefits (3 weeks per person), generally friendly people to work with.

Cons

You're treated like a cog in a machine. You stay in whatever job your management decides to place you in until the contract funding runs dry, then you get placed in something else you'll like even less. Management says they care about your career development, but then they don't approve any training (provided any training exists, which at Lockheed Martin, that's a big question). The motto for career development is "Manage your own career," but they don't give you any power or authority to look for other positions in the company and they don't pay much toward college tuition. Pay and benefits are substandard compared to the rest of the industry. I went to Northrop Grumman and got a 15% pay raise for jumping over, and I got the same insurance benefits for half the cost. The 401k benefits were almost identical, too. The pension plan at Lockheed Martin went away in lieu of a capital accumulation plan (CAP) soon after I joined which changed the vesting from 5 years (pension) to 3 years (CAP). Basically, new employees got vested before I did, and I joined the company a year before they did. The vacation benefit is a hoax because you never have enough money to take a vacation anywhere; they seriously don't expect you to take vacation, either, as they have a cap of something like 500 hours of accumulated vacation.

3.0
Feb 17, 2009
Recommend
CEO approval
Business Outlook

Pros

Great benifits, although they got rid of the pension plan for new hires and they decreased the tuition reimbursement. But the 401K / vacation and health care are top notch. The are very stable company which is good for these tough times. They also are very fair about relocating you around the country. The work they do is amazing, you'll have a great sense of pride talking with the soldiers about what a difference the company makes in defending our freedom. The CEO is also a great man with great ideas. They are trying to expand into new markets to remain a leader.

Cons

The company is very slow to get things changed. It is run like the military so rank is very important. It is very hard for young people to get respect and promotions. There is a huge number of old employees who do nothing but come to work and collect a check every week. The review process is terrible where they use a bell curve to fit everyone into a certain range based on their peers. They spend way to much time on diversity and not enough on people who can actually do the job. it is very hard to stand out there.

Viewing 316 - 318 of 14,537 Reviews

Glassdoor has 16,672 Lockheed Martin reviews submitted anonymously by Lockheed Martin employees. Read employee reviews and ratings on Glassdoor to decide if Lockheed Martin is right for you.