Pros
Raytheon company consists of innovative technology, very competent engineers, a reasonable flexible work schedule, and a good work/life balance. The benefits on the whole seem to be fairly comparable to others in the defense contractor industry in which they compete but I believe they could be better. Several of my former Raytheon colleagues have departed for better pay at other large defense contractors. I believe overall compensation could be improved in my opinion and would result in better employee retention. Aside from the slightly below average compensation, in my opinion, Raytheon still remains a good place to work and I would still recommend it as a good company for other engineers to work at.
Cons
Occasionally, feel like you get lost in the crowd because it is such a large company. No other complaints that come to mind.