Pros
As an engineer, there are many opportunities to get close to the products and collect feedback from the grass roots. The layout at the RB site is such that many of the shops are within a 5 minute walk and there is unfettered access throughout. The morale is generally very good and I get the sense that many employees, , have a connection to the product. There is often ample funding to pursue product improvement projects and milestones are often accomplished though these are often late because projects are not properly scoped but that's for the other section of the review. I have never had valid time off requests denied and my supervisor has always been flexible with errands that occasionally pop up during business hours. My co-workers enjoy their jobs or at the very least put on a happy face. It's a pleasant place to work. Oh, and you get paid every other week.
Cons
Poor documentation of legacy products. The company has grown a lot and the products developed during the 'by the seat of your pants" days are not well understood by incoming talent. There is a lot of tribal knowledge that isn't shared. Another issue I have is poor scoping of projects. We often look bad/foolish/naive resulting from overambitious people overpromising directly to the customer.