Cost Estimator Product
Remote · USJob$65–139K/yrSeen todaySeen in employer's feed today
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At a glance
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Job overview
The Cost Estimator - Product leads development of material cost estimates for proposals, ensuring alignment with customer RFP requirements and internal policies. The role prepares detailed cost-volume exhibits, coordinates with cross-functional teams to gather information, and supports customer and DCAA audits, fact-finding missions, and negotiations. The position is explicitly remote, with the employee able to work the entire schedule away from a designated office or job site.
Skills & qualifications
Skills
Benefits
Full job description
Standard Job Description
We are committed to work life balance by promoting this REMOTE telework option. These job requirements allow the employee to work their entire schedule somewhere other than a Lockheed Martin designated office or job site.
WHAT WE'RE DOING
Cost Estimator - Product - will lead the development of accurate and comprehensive material cost estimates for proposals, ensuring compliance with customer Request for Proposal (RFP) requirements and internal company policies. This role will collaborate with cross-functional teams to gather necessary information, prepare detailed material cost volume exhibits, and support audits and negotiations.
THE WORK
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Material Cost Estimating: Developing accurate material cost estimates in accordance with customer RFP requirements and internal policies.
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Creation of Material Cost Volume Exhibits: Preparing detailed material cost volume exhibits for proposals, including cost breakdowns and justifications.
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Coordination with Capture Team: Collaborating with Sourcing, Program Management, Operations, Engineering, and Finance to gather necessary information and ensure comprehensive estimates.
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Supporting Audits and Negotiations: Assisting during customer and DCAA audits/fact-finding missions.
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Providing detailed cost data and justifications during negotiations.
WHO WE ARE
Our customers are world-wide and so is our reputation for creating original solutions with the latest technologies. Our products keep our customers safe and bring them home to their families at night.
We provide the resources, inspiration, and focus - if you have the resourcefulness and perseverance to work hard, then we want to create a better tomorrow with you.
WHO YOU ARE
You thrive in a collaborative, multidisciplinary engineering environment and are committed to delivering best-in-class products and solutions.
Basic Qualifications
Limited Experience with estimating techniques (material)
Understand bill of material structures
Knowledge of the proposal process
Strong Microsoft Excel skills
Analytical ability
Desired Skills
LMP2P experience
Sourcing, Finance or Operations knowledge or background
Knowledge of RMS estimating and pricing policies
Pay Information
- $64725.00 - $139471.00
At Lockheed Martin, we know mission success starts with taking care of our people. Our Total Rewards program is designed to attract top talent, support your well-being, and help you grow—both professionally and personally.
The salary range for this position is as listed on the requisition. Please note that the salary information listed is a general guideline only.
Lockheed Martin considers factors such as (but not limited to) scope and responsibilities of the position, candidate's work experience, education/ training, key skills as well as market(work location) and business considerations when extending an offer.
Benefits offered: Medical, Dental, Vision, Flexible work arrangements and schedules (e.g., 4x10), 401(k) match, Paid time off, Holidays, Parental Leave, EAP, Flexible Spending Accounts, Education Assistance, Life Insurance, Short-Term Disability, and Long-Term Disability.
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Additional specific benefits are dependent upon the business unit and the collective-bargaining agreement.
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Annual short-term and/or long-term incentive compensation programs may be offered depending on the position. Payments under these annual programs are not guaranteed and can vary from year to year and are tied to a range of performance metrics.
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For (Washington state applicants only) Represented full time employees accrue 6.67 hours of Vacation per month; accrue up to 52 hours of sick leave annually; receive at least 96 hours for holidays. PTO, Vacation, sick leave, and holiday hours are prorated based on start date during the calendar year.
Lockheed Martin is an equal opportunity employer. Qualified candidates will be considered without regard to legally protected characteristics.
How this job compares
Set against the 931 open Cost Estimator jobs on Olive Jobs, counted November 12, 2026.
- Pay
- This posting$65–139K/yr
- US median$80–159K/yr744 salary ranges
This range's midpoint, $102K, is 13% below the US median midpoint ($118K) — in the lowest quarter of Cost Estimator salary ranges across the US.
- Openings
- Olive Jobs lists 15 open Cost Estimator jobs in New Jersey and 931 across the US. 6% of them nationwide are listed as remote or flexible.
- Hiring the most across the US
- CDM Smith538 open
- Leonardo DRS, Inc.83 open
- Serco47 open
- Experience
- Cost Estimator postings that state a minimum ask for 7 years of experience at the median; the middle half ask for 5 to 7 years (882 postings).
- Education
- 447 of the 931 open Cost Estimator jobs (48%) ask for a bachelor's degree or higher.
Counted across the open, public US postings on Olive Jobs on November 12, 2026. Pay medians are the middle values of the low ends and of the high ends of postings that list both ends of a range in the same cadence (a yearly salary or an hourly rate); a range's midpoint is halfway between its ends. Pay and experience figures resting on fewer than 20 postings are left out.
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