Pros
Raytheon is full of a rapidly aging workforce that is well overdue to be retired, thus leaving alot of opportunities for new hires to move up the food chain quickly. Raytheon is very flexible with work hours, puts education first, and encourages a healthy balance between work and life. They also offer a 9/80 work week program allowing you to enjoy a nice 3 day weekend every other week as well as 12 paid off holidays a year. Other than that, Raytheon offers your typical corporate benefits package, with a nice 100% matching 401K plan up to I believe 3% of your salary.
Cons
With the rapidly aging workforce comes the massive overload of outdated policies and procedures that make doing even the simplest task take way longer than necessary. In theory, this practice is to increase the "quality" of the end product or service, but in actuality, in my opinion, only succeeds in increasing the cost while either maintaining the same quality or arguably DECREASING the quality. Most of the senior engineers whom are only still here because they got locked into a pension plan that was done away with 25 years or so ago, spend most of their time debating who knows the outdated process better.