Pros
The pay is decent considering the work being performed. Their college tuition program is absolutely second to none, and I hope that doesn't change any time soon because that's the only reason I'm still there. Also, they have a stock incentive for getting various levels of degrees from a higher education institution.
Cons
Bureaucracy is an understatement. I actually heard a high-level executive in our division refer to Boeing as having the largest number of policies and procedures in the world. That's not something to brag about. The copious amounts of policies and procedures make it extremely difficult to stay up-to-date on what the current rules are, and sometimes even finding the right procedure is insanely time-consuming. Outside of that it is extremely debatable as to the competency of senior level management. Not much seems to ever change despite the various problems encountered in the factory.