What's the pay like for Engineering roles at Lockheed Martin?

Lockheed survey's companies in the geographical area and base salaries upon that information. If you feel you stand out from other engineers and perform with excellence you shouldn't expect your pay to entirely reflect this. It is as likely that your salary will reflect what Raytheon and other DoD/Defence firms are paid as much if not more than your individual contribution.

Now that I have been out for a while, I could say it was fair.

Comparable in low and mid markets.

Below market average

Excellent and competitive