Pros
I'm not sure anymore. I've been here 22 years and hardly recognize the company any more. I don't see a lot of happy interns or new hires. People seem to just be here until something better comes along. The company froze our pensions (I was one of the last hiring classes that had a Raytheon defined benefit pension) in 2022 opening the gates of free agency for folks like me who have significant experience yet plenty of runway left on our careers.
Cons
After the UTC takeover, it's seemingly been all cons for mid-career and senior employees. There are few perks any more (no company funded get togethers, no lunches provided at section meetings, no spot awards, etc). Corporate profits remain high while workers are patted on the back with merit increases that don't even cover cost of living increases. For those of us getting high enough to move into executive functions, they keep stretching out our salary bands to keep us in the individual contributor ranks with paltry merit increases and crap bonuses. All the while, the "Golden Children", i.e. the selected few, get promoted quickly and pulled along into high salary, high bonus roles sitting atop the work us grunts do every day. Raytheon is now a business unit of RTX. Our defense business floats some of the mess created by the other business units (the Pratt & Whitney engine debacle of 2023 comes strongly to mind).