Lockheed Martin Careers Maintain Appeal in Challenging Times
Lockheed Martin has spent the last several years focused on building a strong portfolio and growing its business internationally, both aimed at ensuring the corporation’s success well into the future.
At the same time, there has been greater emphasis on becoming more affordable. This past year has proven challenging for Lockheed Martin and the entire Aerospace and Defense Industry.
In March, Congress did not act to reverse or restructure the indiscriminate cuts of sequestration, which will amount to $492 billion in cuts for defense over nine years. In July, 680,000 civilian workers with the Department of Defense were notified that they would be furloughed.
And in October, the government shut down for 16 days after Congress was unable to agree on how to fund operations beyond Fiscal Year 2013, which ended Sept. 30. The agreement Congress passed keeps the government operating under a temporary funding measure known as a Continuing Resolution. It will fund government operations at existing levels for the next four months, giving lawmakers more time to negotiate a long-term solution to the nation’s budgetary challenges.
The Jan. 15 deadline for the Continuing Resolution is significant because it is also when the 2014 sequestration cuts are expected to take effect. The cuts to defense will be higher than the $37 billion in 2013.
Lockheed Martin has seen impacts as a result of flat to declining budgets and sequestration, and has experienced contract actions this year, but the corporation has been working to improve its affordability. It has had to adapt to the changing economic environment and be flexible to win business.
Lockheed Martin has worked to balance the economic challenges while providing a comprehensive total rewards package that includes an enjoyable work environment and competitive pay and benefits, career opportunities and recognition.
In exchange for your time and commitment, Lockheed Martin offers the opportunity to pursue a worthwhile mission while providing programs that help you achieve your personal goals and work-life balance. Some of these programs, depending on location, include:
- 9/80 work schedule
- Education assistance
- Employee Assistance Program & Family Resource Program (Lifematters)
- Onsite fitness center
- Onsite Wellness Center that saves you time and money on health care costs
- Adoption Assistance
- Tobacco-free work site and cost-free tobacco cessation program
- Recognition programs
- Annual cost-free flu shots
- Retirement savings plans
- Paid time off
- Life and income protection
Lockheed Martin has worked to balance economic challenges
while providing competitive pay and benefits, healthy work
environment, career opportunities and recognition.