Pros
Stable work with a lot job openings due to increases in awarded government contracts. Due to how government contracts are charged, you can get paid for all overtime hours at your normal hourly rate if more than 6 overtime hours have been worked during a work week. A 9/80 schedule is used which means every other Friday is a day off from work. The MOD time program allows flexibility for employees to run errands/go to the doctor/pick up kids and make up the missed time later. From my experience I have never had to request PTO, I would tell me functional and team leads my PTO plans a couple of weeks ahead of time and come up with a plan for task coverage. The work culture is good within the department with managers protecting individual contributors from downward pressure from program management. The is a lot of opportunities for people to pursue technical or managerial/leadership opportunities within the department.
Cons
Yearly salary increases are on average 2-3%. High performers can get increases up to 5%, low performers can get as little as a 0-1% increase. Promotions are almost non-existent, with employees needing to push hard on leadership to get promoted. The alternative is to apply to other internal positions for promotions and to be willing to move Raytheon sites. There is so much work to do that everyone is working multiple projects and is very busy all the time. Management is putting a lot of effort to hiring new personnel to manage the department and employee workloads.