Lockheed Martin Paid Holidays 2022 (2024)

FAQs

Does Lockheed Martin pay holidays? ›

In addition to standard benefits like paid holidays and a 401(k) plan with match, Lockheed Martin employee perks include: Family medical leave, or reduced or flexible hours. Childcare benefits.

"We grant our employees 40 hours at the beginning of each year, one week end-of-year holiday shutdown, 3 weeks of PTO, and flexible work hours. This flexibility accounts for over 2 months of time for yourself, your family, or your friends."

Pay was weekly, every Friday.

Benefits to Enrich Your Journey

Beyond exceptional medical insurance, our benefits suite extends to flexible work arrangements, comprehensive leadership development programs, generous tuition assistance, robust 401k plan with company match and much more.

The highest-paying job at Lockheed Martin is an EVP with a salary of $403,432 per year (estimate).

As an engineer within RMS, since 2019 all levels got annual bonuses. They are small though. <=5% of your annual salary for levels 4 (staff) and below.

How often do you get pay raises at Lockheed Martin? Indeed's survey asked over 1,456 current and former employees how often they received pay raises when they worked at Lockheed Martin. Most respondents said they got a raise annually.

Working at Lockheed Martin

We offer flexible working arrangements, including fully remote positions and a unique 4x10 work schedule, where employees enjoy three days off each week. Our comprehensive benefits package includes competitive pay, medical, dental, vision, life insurance, and robust retirement plans.

If no overtime rates are provided in this Contract and LOCKHEED MARTIN approves overtime work in advance, overtime rates shall be negotiated. If this Contract provides rates for overtime, the premium portion of those rates will be reimbursable only to the extent the overtime is approved by LOCKHEED MARTIN.

Getting a job at Lockheed Martin can be very difficult. It is a top-tier participant in the aerospace, security, and defense technology industries with a market capitalization of $46 billion, just behind United Technologies and Boeing. This means the company can be very selective about who it hires.

How much is a Lockheed Martin 401k match? ›

How much does Lockheed contribute to my 401(k)? Lockheed Martin contributes to the 401(k) plan in two ways: Company contribution of 6% of base pay, regardless of employee contribution. Company match of 50% on the first 8% you contribute, up to a maximum of 4%

Overall, 82% of employees would recommend working at Lockheed Martin to a friend. This is based on 12,819 anonymously submitted reviews on Glassdoor. How do job seekers rate their interview experience at Lockheed Martin? 76% of job seekers rate their interview experience at Lockheed Martin as positive.

The HR can be pretty inflexible, so it is hard to get more than a modest pay raise every year unless you are in upper management. A lot of people will leave Lockheed Martin for a bit and then come back for the salary raise. Leading aerospace/defense contractor in the US.

You must have at least five years of Benefit Eligibility Service to receive your benefit before age 65.