Vantaggi
In general Raytheon has a good Work/Life Balance(though my division doesn't have a clue) and they have many programs for health and care for employees. Lots of opportunities to move around, even if you shouldn't be allowed to move in the middle of your program and leave it hanging.
Svantaggi
Poor Program Management, Bids Programs as tweaks to old technology to be low price though they are not meeting the intent of the customer needs. Poor attention to detail. Lack of review and generation of thorough requirements. Poor Business Development Capabilities. Looking more and more like United Technologies is squeezing the life out of Raytheon and cutting benefits. Horrible pension rules by BoD is driving key talent out into early retirement.