Pros
Raytheon has given me a chance to prove myself and get promoted. Sure there are differences in various managers in different departments on both the functional and program side, but I think that if you prove yourself, management will notice. They have noticed me and treated me very well. I've been contacted by other companies, but at this time, I'm happy with Raytheon because of the way they've promoted me and noticed my hard work.
Cons
You're in the defense business and if your're new to it then dealing with security is going to be long and painful. Everything moves VERY slow because of security and various processes. If you work on DoD Secret or even higher, get ready to lose your cell phones at work, and maybe even get cut off from the outside world for most of the day. Also, you can be on overhead for a while if you aren't immediately placed in a program. But once you are, things are good.