Job ID: 718301BR Date posted: Feb. 17, 2026
Description:By bringing together people that use their passion for purposeful innovation, at Lockheed Martin we keep people safe and solve the world's most complex challenges. Our people are some of the greatest minds in the industry and truly make Lockheed Martin a great place to work. With our employees as our priority, we provide career opportunities designed to propel development and boost agility. Our flexible schedules, competitive pay, and comprehensive benefits enable our employees to live a healthy, fulfilling life at and outside of work. At Lockheed Martin, we place an emphasis on empowering our employees by fostering innovation, integrity, and exemplifying the epitome of corporate responsibility. Your Mission is Ours.

Lockheed Martin Aeronautics is seeking a full-time Early Career Price Cost Analyst/Sub-Contract Auditor to assist in evaluating the financial records, cost structures, and business systems of defense contractors. This role provides foundational experience in government contract compliance, accounting standards, and financial analysis while supporting audit engagements under supervision.
The Sub-Contract Auditor assists in reviewing indirect rates, labor rates, escalation factors, and pricing assumptions used in contractor cost proposals and forward pricing submissions. You will contribute to audit and pricing analyses, developing technical skills in cost evaluation and financial assessment.
In this dual-role position, you will also gain experience supporting Price Cost Analyst responsibilities, including cost and pricing analyses, supplier evaluation, and contract support. Mentorship and training from senior auditors will provide a strong foundation for growth in audit and pricing disciplines.
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Audit Execution
• Assist with financial and contract audits under supervision
• Support evaluation of cost proposals, forward pricing submissions, and indirect rates
• Help review supplier accounting systems and internal controls
• Audit supplier financial documents and records, including trial balances and general ledger
• Validate cost data against financial records and source documentation
Financial Analysis & Reporting
• Analyze financial datasets under guidance
• Verify accuracy of supplier financial statements and cost data
• Perform reconciliations and assist with root cause analysis
• Prepare audit reports and supporting documentation under supervision
• Present results to stakeholders with support
Contract Compliance & Advisory Support
• Support compliance with federal cost principles and regulations
• Assist in contract negotiations with cost analysis and recommendations
• Contribute to developing government pricing objectives
• Support audit planning and risk assessments
Price Cost Analyst Key Responsibilities
• Assist in cost and price analyses of supplier proposals
• Review and validate supplier cost models under supervision
• Support supplier and customer negotiations
• Prepare reports, charts, and briefings for leadership
• Provide insights on cost drivers and pricing opportunities
Continuous Improvement & Knowledge Sharing
• Maintain awareness of audit standards and government regulations
• Participate in training and mentoring programs
• Contribute to audit process and technology improvements
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Work Environment & Career Development:
This role offers exposure to defense supplier business models and government contract auditing practices. Employees receive structured training, hands-on mentorship, and professional development opportunities. Flexible schedules and comprehensive benefits support long-term growth in auditing and cost analysis careers.

Must be a US Citizen; this position will require a government security clearance. This position is located at a facility that requires special access.
Basic Qualifications:
• Bachelor’s degree in Accounting from an accredited college or university, including auditing coursework. The degree must include at least 120 semester hours in accounting-related subjects such as financial accounting, managerial accounting, and auditing.
• Internships, academic projects, or other practical experience in audit, cost accounting, or financial analysis are applicable.
• Candidates should demonstrate basic knowledge of financial principles and a willingness to learn and grow in a professional setting.

Travel & Work Expectations:
• Must be able to travel to supplier sites on short notice, typically 40–50%, including domestic and occasional overseas assignments.
• Ability to work extended hours during peak audit periods
• Flexibility to manage multiple concurrent engagements
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Core Professional Skills & Competencies:
• Foundational analytical, quantitative problem-solving, and critical thinking skills
• Attention to detail and commitment to data accuracy
• Clear written and verbal communication and effective team collaboration
• Strong organizational, research, and time management skills with the ability to handle multiple tasks
• Professional skepticism, high ethical standards, integrity, and accountability
• Adaptability, willingness to learn, and openness to guidance, feedback, and mentoring as a mentee
• Ability to work effectively in fast-paced, team-oriented environments
• Enthusiasm for developing audit, cost, and pricing expertise
Desired Skills:
• Internships or practical experience in audit, finance, or cost analysis
• Certified Public Accountant (CPA) coursework or study (preferred)
• Knowledge of basic risk management and data analytics concepts
• Graduate coursework in accounting, finance, or business (preferred)

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Technical Skills:
Government Contracting & Cost Compliance
• Introductory understanding of cost allowability and allocability principles
• Basic familiarity with Cost Accounting Standards (CAS)
• Exposure to federal acquisition and defense acquisition regulations
• Support for indirect rate and cost structure analysis
Proposal & Forward Pricing Knowledge
• Assist with indirect rate pools and allocation bases
• Support Forward Pricing Rate Proposals (FPRPs)
• Understand basic labor rate development and escalation modeling
• Assist with business base forecasting and productivity assumptions
Accounting & Audit Capabilities
• Exposure to cost accounting systems and ERP environments
• General ledger to proposal traceability support
• Basic financial and trend analysis
• Assist with audit documentation and workpaper preparation
• Learn risk-based and substantive testing methodologies
Systems & Tools
• Excel skills and basic data analysis
• ERP or cost systems (e.g., Deltek, SAP, Oracle) familiarity
• Audit or analytics tools (e.g., CaseWare, ACL, IDEA, Power BI, Tableau) exposure
Regulatory & Standards Knowledge
• Basic understanding of GAAP and applicable accounting standards
• Introduction to Government auditing standards (GAGAS)
• Awareness of internal control frameworks and regulatory compliance
Security Clearance Statement: This position requires a government security clearance, you must be a US Citizen for consideration.
Clearance Level: Secret
Other Important Information You Should Know
Expression of Interest: By applying to this job, you are expressing interest in this position and could be considered for other career opportunities where similar skills and requirements have been identified as a match. Should this match be identified you may be contacted for this and future openings.
Ability to Work Remotely: Part-time Remote Telework: The employee selected for this position will work part of their work schedule remotely and part of their work schedule at a designated Lockheed Martin facility. The specific weekly schedule will be discussed during the hiring process.
Work Schedules: Lockheed Martin supports a variety of alternate work schedules that provide additional flexibility to our employees. Schedules range from standard 40 hours over a five day work week while others may be condensed. These condensed schedules provide employees with additional time away from the office and are in addition to our Paid Time off benefits.
Schedule for this Position: 4x10 hour day, 3 days off per week
Lockheed Martin is an equal opportunity employer. Qualified candidates will be considered without regard to legally protected characteristics.
The application window will close in 90 days; applicants are encouraged to apply within 5 - 30 days of the requisition posting date in order to receive optimal consideration.
Join us at Lockheed Martin, where your mission is ours. Our customers tackle the hardest missions. Those that demand extraordinary amounts of courage, resilience and precision. They’re dangerous. Critical. Sometimes they even provide an opportunity to change the world and save lives. Those are the missions we care about.

As a leading technology innovation company, Lockheed Martin’s vast team works with partners around the world to bring proven performance to our customers’ toughest challenges. Lockheed Martin has employees based in many states throughout the U.S., and Internationally, with business locations in many nations and territories.
Experience Level: 4 yr and up College
Business Unit: AERONAUTICS COMPANY
Relocation Available: Yes
Career Area: Purchasing/Procurement/Supply Chain
Type: Full-Time
Shift: First