Pros
Boeing is world class company to work for. Building and programming satellites is very exciting. I worked with the best of engineers. With very few exceptions, the people I worked with were professional in their demeanor and excellent in their craft. Medical and life insurance benefits, education program, 401k with 75% matching (no pension plan, instead extra 5% contributed to 401k) and a yearly incentive (bonus) based on company, business unit, and personal performance.
Cons
I did well there, was respected, and respected others. However, over the last few years Boeing has reduced some of their benefits, paid "lump sums" to some instead of raises, discontinued their pension program, became more strict with their education reimbursement program and had occasional layoffs in the higher engineering tiers, replacing them with new hires. I understand this was necessary to remain viable in a very competitive market.