The estimated average salary for a Project Engineering Associate Manager at Lockheed Martin is $91,067 per year or $44 per hour, but some professionals have reported earning up to roughly $149,312 per year (90th percentile). The typical pay range is between $72,724 (25th percentile) and $116,435 (75th percentile) annually. This is based on 29 salaries submitted by Lockheed Martin Project Engineering Associate Manager professionals on Glassdoor, as of Jun 2026.