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Lockheed Martin

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Lockheed Martin Cost Analyst reviews

4.7

99% would recommend to a friend

(10 total reviews)
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James D. Taiclet

100% approve of CEO

2% positive business outlook

Reviews by job title

10 reviews
4.0
Feb 10, 2019
Recommend
CEO approval
Business Outlook

Pros

1.) 9/80 schedule allows for an every other Friday off. 2.) Lots of paid time off (4 weeks off to start, 40 hours PTO, 40 hours floating time off) 3.) Benefits are good. 401k contributions are excellent, Health insurance is a high deductible, but cheap if you don't use it (per period contribution is almost free). 4.) Consistent pay raises annually (1-4% based on performance) 5.) Good work/life balance 6.) Certain divisions are much more successful so seek employment with a line of business that has a long term contract 7.) Lockheed isn't going anywhere and the steady business the government provides will keep it around for a long time to come

Cons

1.) HR is pretty stingy and you really have to prove your worth in order to negotiate a higher salary when being promoted. 2.) Lots of internal hiring / lateral position moves 3.) Program management teams can make questionable commitments to the customer that don't support the schedules of other groups (Engineering, Operations, Supply Chain, etc) this can put you under pressure to put forth work that hasn't been properly vetted. 4.) If you're manager isn't a true leader you will stagnate, unless you take it upon yourself to develop and grow your career

4.0
Feb 15, 2013
Recommend
CEO approval
Business Outlook

Pros

Salary itself is good, although factoring in the 401K company matching (up to 4%) + company retirement contributions (3%), and divide that by the average number of hours per work week (usually 45 or less), then consider in the job security, I would say the overall value is quite high. Part time telecommuting is a great perk that allows alot of flexibility and life balance.

Cons

As a company, I'd agree with the consensus that growth/promotions are slow (if you can wait around ten years, things should be quite different), value of health benefits are decreasing over time, excessive number of management positions with seemingly vague and overlapping repsonsibilities, wide disparity in terms of workloads/accountabilty/rewards between departments (or even between people in the same cubical) and too many talented newcomers are would-be movers and shakers that get frustrated and leave because of the status quo (unfortunately, leaving the B team in the leadership pipeline to run the company).

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 7 - 9 of 10 Reviews

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