Pros
Strong reputation with the customer and in the community. The company has a strong corporate presence and does a good job at branding itself, especially recently. The salaries are very competitive. The company does a great job at providing opportunities for learning, especially for younger employees and even more especially for young employees with a Master's degree. The Raytheon Leadership development program, for example, is a two program for new hires or younger employees with between 3-5 years experience who show leadership potential. The rotators in the program get to move to up to three different Raytheon sites all around the country (all paid for) and leadership training that could lead to an accelerated path to management (and more pay) and better opportunities in the company.
Kontras
Sometimes process is a good thing and sometimes process is a bad thing. More than 50% of Raytheon's work is with DoD, so there is a lot of red tape. The workforce at Raytheon is predominantly older, but also wiser and trusted. There's a lot of experience to learn from, but it also can make change difficult. Raytheon could work toward more automation in its processes, but that could be true for a lot of other companies.