Pros
By for the best reason to work at Exelis is the work/life balance. There is a very laid back culture here where as long as you get your work done on time, you can get away with almost anything. Personally I work a very variable work schedule because it is convenient for me and my management doesn't have any problems with it as long as I do my 40 hrs a week and get my work done.
Cons
Outside of the better than average work/life balance everything else is pretty much sub-par. Employees are not compensated well. Promotions are not given without a fight and even when promoted most people receive a title bump without a salary increase. The profit sharing bonus we have been receiving for the past few years has ranged from 0.03-0.05% which is nothing compared to the profit this company makes. There are opportunities for good and interesting work here but, most times you have to be lucky/connected enough to get assigned to the groups that get the work.