Pros
Good pay and benefits, generally benign management, job security in bad economic times. Raytheon's HR policies are among the most forward-looking of any company in the defense business. Opportunities to advance to management are abundant, even if opportunities to advance a technical career are not quite as abundant. Much of the work force come from the baby-boom generation, and thus will retire soon. This wave of retirements will clear the way for younger workers to advance their careers.
Cons
Process-bound, bureaucratic company, opposite of agile, pays lip service to innovation but R&D performance (where's the money?) is only average for the industry. In fact, Raytheon IIS's R&D budget is much smaller per employee than other Raytheon business units.