Pros
There are many exciting aerospace programs and many locations around the world to work. Good benefits including full tuition cost for continued education. The Technical Fellowship program recognizes experts in their field. Boeing Leadership Center. Most locations have a gym.
Cons
Management capabilities leave a lot to be desired. Electronic 'chains' (laptops, cell phones, blackberry's) play havoc with work-life balance. Unless one has a 'sponsor', advancement is limited. The majority of time, promotions are not based on capability, but based on who you know. Having to work with people who don't pull their weight, who have been shuffled from one program to another because management won't expend the effort required to document the issues and get rid of them. Lot's of 'deadwood'.