Pros
Raytheon is a good paying job with some good benefits. If you have limited or no desire to enjoy your job and willing to put up with micromanagement, grinding rigidity, and a soul robbing environment you can go home with a really nice paycheck. When the programs are making money you may get some Shining Star cash to spend, or they may even buy you lunch. If you can put aside a personal or family life and willing to work a lot of hours Raytheon is a good way to get a lot of experience and possibly get yourself out of debt or put aside a nice size 401K.
Cons
Be prepared to be put down, often. Extreme rigidity with almost no creativity. If you are hourly there is absolutely no flex time. There is a strong anti-labor and anti-union bias in management. There is a Six Sigma just in time "lean" mentality with almost no inventory or allowance for attrition. The attitude seems to be a plan to fail and then find a scapegoat. They don't train new people to make up for attrition, illness, and retirement, and then somehow the people that are left will make up the difference. If you work like a maniac you can be sure they will pile on more work for you to do. They will work you like a dog to meet a deadline, knowing that in back of the deadline there is little or no work. Feast or famine. My advice to fellow employees, hang in there and make as much $$$ as you can. Don't quit! Make the work for you not against you.