Pros
Excellent coworkers, interesting challenges at its core, opportunities to work with coworkers across both the United States and in Europe. Excellent pension for those who stay within the company for 5+ years. Solid 401k match. Decent health benefits.
Cons
Mediocre pay for the area. Most of the interesting content in the field is diluted by months of management overhead, weak communications between groups and divisions, and slow development cycles. Corporate culture is a bit of a throwback to earlier years - strict dress code, micromanagement in day-to-day tasks, and random unannounced visits from upper management who are disconnected from engineering a large majority of the time. Very high turnover for a engineering division of a mature company.