Pros
Raytheon has a well-deserved world-class reputation for a broad range of products and services, largely provided to the U.S. government and it's allies. Every service member I worked with loved to see the Raytheon name on his or her equipment in the field. That made me feel like I was contributing to our security and the causes in which the service people were involved. The predecessor company of the site where I worked, E-Systems, was a very capable engineering company who stressed excellence for the customers who could pay for it, and management valued the individual expertise of their engineers. This was true of other assimilated companies like Hughes and TI. Raytheon valued this heritage, up to a point.
Cons
Beginning in the 2100 time frame, management lost sight of the technical missions and focused on societal and politically correct personnel issues, to the detriment of morale and efficiency, not to mention overall job satisfaction. New management that had not come up through the trenches, as had previously been the case, bought into the myth that young and inexperienced personnel could replace experienced and expensive personnel. Unfortunately, management lost a critical mass of knowledgeable personnel, and didn't understand the technology themselves. The young and "agile" employees proved too agile to stay around in that environment, and left. On a local level, our management chose to believe the management of competitors and sub-contractors rather than their own engineers, damaging morale and business outlook.