Pros
Raytheon has some of the best people I ever worked with. The intelligence and creativity is unmatched. The perks and salaries paid are very competitive. The work culture is supportive. You do have to find your career path there and it is recommended that you find a mentor that can give you advice and push you to get your goals.
Cons
Limited resources due to outsourcing slowed reaching yearly goals. It was always a battle with limited budgets to get things done. Working with bright and enthusiastic vendor teams was not enough sometimes. Management seems to think technology can be developed by anyone off the street and get the same quality. Creativity to modify COTS tools to solve requirements where they were not originally designed to do that type of work gets old and frustrating really fast. The errors and problems from this approach can sometimes waste more money than it saves. Management needs to listen to good technical people for solutions instead of worrying about process so much. As for growing your career, getting training and education to grow your skill set has become limited and unavailable. Once you leave Raytheon, this lack of current world training really sets you back.