Pros

A good place to go if you want a job where you don't have to use your brain or think.
A good place to go if you want free flu shots, who cares if they are filled with mercury and result in a bunch of brain dead coworkers who don't even know how to perform simple tasks.

Cons

Working with morons who can't perform simple tasks.
Everyone is afraid to do anything outstanding for fear of being squashed or laid off in the next rounds.
If you're female, don't even waste your time thinking you are going to advance. Don't waste your time filing a discrimination complaint with HR, it will go no where.

Advice to Senior Management

Try to pretend you are not a military contractor and try to fit in with corporate america, treat minorities with respect and realize that for the salaries you are paying, you're bloody lucky to have the employees you have.