Pros
Focused on mission. Competitive in the market at some positions, locations, etc. Pockets of excellence throughout the company.
Cons
Driven at times only by schedule/budget (shareholder delight) instead of focusing on the mission, the values, and the patient. Leveling across positions is not good, some engineers with 15 years experience and only at entry level positions (high output engineers, not laggards) due to policies, eduction, or management fear of their talents (this is not a large problem, just noticed at multiple facilities with selected people - most people recognize the issue right away with the individuals referenced). Leadership (management, program leadership and management) is frequently risk averse in many areas. Breakthrough cannot happen because it is not allowed to happen. Quite sure there are people that are working at fixing this issue.