Lockheed Martin Contract Management Salary

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Lockheed Martin Contract Management Salary

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If you`re looking to work in the contract management field or seeking to know the average salary earned in the industry, then you might be interested to know more about Lockheed Martin Contract Management Salary.

Lockheed Martin is a well-known global aerospace and defense technology company that works with the US government and other countries` defense systems and space explorations. The company employs a large workforce of professionals that help in different areas of the business, including contract management.

Lockheed Martin Contract Management Salary

Lockheed Martin has various openings for contract management positions, such as Contract Specialists, Contract Administrators, Contract Managers, and Subcontracts Administrators. These positions come with different levels of experience and education requirements. However, here`s an overview of an average salary earned by a Contract Manager at Lockheed Martin.

According to Glassdoor, the average salary for a Contract Manager at Lockheed Martin is around $109,000 per year, with salaries ranging from $87,000 to $141,000 per year. The salaries are based on an average of four salaries submitted by current and former employees of the company. This average salary is higher than the national average salary for contract managers, which is $90,522 per year, according to Indeed.

Factors That Can Affect Lockheed Martin Contract Management Salary

Several factors can affect the salary of a Contract Manager at Lockheed Martin. Some of these factors include:

Experience: The more experience you have in contract management, the higher your salary potential. Lockheed Martin usually offers higher salaries to candidates who have more experience in contract management.

Education: A higher level of education in business administration, law, or a related field may also increase your salary potential. People with advanced degrees in contract management may qualify for higher positions and earn more money.

Location: The location of a job can also impact your salary. The cost of living in different cities varies, and so does the salary. For example, a Contract Manager in Denver, Colorado, may earn more than a Contract Manager in Titusville, Florida, because of the cost of living.

Skillset: Having a specific skill set in contract management, such as negotiating skills, risk management, stakeholder management, or project management, can also increase your salary potential.

Conclusion

Lockheed Martin is a well-established company, and the salary range for Contract Managers is comparatively higher than the national average salary. Various factors affect a Contract Manager`s salary, including experience, education, location, and skill set.

If you`re interested in pursuing a career in contract management, Lockheed Martin could be an excellent place to start with. The company offers a rewarding salary, benefits, and countless opportunities for professional growth.