Pay & Benefits

Pay and Benefits


Competitive pay.
Our competitive salaries are determined by comprehensive market surveys according to skill, discipline and level. Our performance recognition approach is designed to continuously assess proper placement within the market range.

Health and wellness.
Through LM Healthworks, medical coverage is integrated with health and wellness programs to help you feel the best you can - at home and on the job. We provide a comprehensive suite of resources and information to make it easier for our employees to make positive choices for their health, including:

• Medical, dental and vision coverage
• Incentives for healthy lifestyle choices
• Tobacco cessation support
• Nutritious food options in cafeterias
• Trusted, on-line health information available 24/7
• Free flu shots
• Free, confidential personal health screenings
• Chronic condition management support
• A physical activity program to help you meet your personal fitness goals
• On-site Wellness Centers, walking paths, fitness centers, and weight management groups at many locations

Life and income protection.
Your Lockheed Martin employment includes retirement programs that help provide you with a solid foundation for long-term financial planning and insurance plan options to help give you peace of mind. You may also have a choice of several programs to help replace income for you and your survivors in the event of illness, injury or death.

Paid time off.
Having a full and balanced life on and off the job is important. We offer time-off programs that are market competitive including time off for:

• Vacation
• Holidays
• Bereavement
• Jury Duty
• Military Leave
• Sick Leave

Retirement plans.
To help you achieve long-term retirement goals, we may provide you with an employer-paid defined contribution retirement plan and 401(k) Savings Plan. The combination of these two plans gives you resources to help augment your personal retirement investment strategy and assist in building a solid financial future.

Our 401(k) Savings Plan is offered to eligible employees at most locations. Additionally, we may match a portion of your 401(k) Savings Plan contributions to further supplement your retirement dollars. The defined contribution retirement plan is a valuable benefit that rewards your long-term Lockheed Martin employment.

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