Pros
The work can be interesting if management lets you branch out.
Cons
CEO has no idea how to design and certify an aircraft, and doesn't trust engineers who do. Anybody in upper managment who told the truth or gave honest opinions are gone. Upper mamagement down to first tier are all yes men. Nobody can ever say no, regardless whether what they ask you to do will hurt the company in the long run. There is no competition left in town, so they have no incentive to treat employees well. Raises barely cover cost of living changes. Deadlines are totally unrealistic! Daily meetings to "help" you make your deadline. After finishing your work, it may get outsourced anyway! Then you have to walk someone through the work you already completed! Terrible decision making. What work life balance? Mandatory overtime (includong unpaid!) has been the way of life for the better part of 3 years! Nothing is cutting edge. All tech is 20-30 years old. No money is spent on R&D. Sometimes you get put in compromising positions.