Pay is evaluated yearly, but I haven't been through a proper evaluation period yet so don't know if the amount goes up much.
On an industry wide scale for Software engineers, Lockheed is in the lower half which is hard to understand considering the extra burden of undergoing security clearance and also the size and revenue of the company.
Pay is good for a graduate wage. No bonuses yet.
Unsure what pay rise can be expected upon a promotion, however within a normal year, pay increase is between 0 - 5% pa. Pay for graduates is pretty decent - on par with DoD and other Defence Contractors. No bonuses available as far as I'm aware.
Would be a good incentive to boost work ethic and moral
Roughly around the average pay