Pros
Note I am a current employee but will be leaving- unfortunately this is not the same company I joined- not even recognizable. One Pro- the experience I was lucky enough to have here before the company took a turn for the worst makes me extremely marketable to other companies in the industry. I had some amazing mentors, customers, and experiences that helped me grow into a leader. Note those experiences would not be possible today. I will say Raytheon delivers excellent products across the board and employs some of the most brilliant engineers in the industry. I always enjoyed working with my peers and the teams I managed- the people that do the work truly care about their product and the customer.
Cons
The culture has become extremely toxic. The only thing that matters is the bottom line- not the customer, and not you. This is not a meritocracy-if you are a high achiever, you will be much more valued and much happier somewhere else. This is not for innovative thinkers- the company is completely process driven. Make no mistake, as an employee here you are now expendable- your level or performance doesn't matter. It's so sad to see what it has become. The company used to be led by the P&L businesses who care about people, and developing and retaining talent. Now the company is completely controlled by Corporate HR and Finance. People are just an expense line on a balance sheet that needs to be reduced. Opportunities for advancement, and/or incentives, for myself and my team, that used to make the company so great are no longer available. The culture around travel, or anything involving expenses (i.e. relocating) is also now a nightmare- arguably the worst in the industry, which is well-known. If you are a high achieving individual who wants to be valued and grow into a successful leader, look elsewhere.