Pros
Good company. Good pay. There are many growth opportunities if you are willing to try something new, relocate, learn new skills. If you want to just coast, you will never move up. New HR initiatives will now pay for certificates and a wide variety of training. They value training current employees much more now. Great opportunities at lockheed for those that are ambitious. Have always been treated with respect. Never had to deal with office politics. Always been rewarded on my effort, which is great.
Cons
It is difficult to get rid of deadbeat employees. There are many employees who coast to retirement. Too little low scoring employees on evaluations. Lockheed tends to let low performers hang on for decades. Need to clean house more often. Many facilities are terrible. Look like the DMV or 1970's furniture, cublicles. Major problem for the next generation of employees. Too often, tenure is valued more than actual technical skills. This is changing, but is still an issue. A young employee may have incredible coding skills, but is denied promotion because the culture tends to only give promotions every 3-5 years.