Pros
Boeing has the best benefits around. 100% tuition payment (not reimbursement, they pay it upfront), wide range of healthcare choices such as blue shield, kaiser, healthnet (my PPO plan is free), and generous 401k matching. I personally have great management in my organization, but it varies throughout the company.
Cons
Opportunities for fast paced growth/promotions. There is definately the mentality, "I have been here X amount of years, you need to as well" before you can get the same promotions. One of the strict requirements for level promotions is X amount of years experience. I think it should be based on a mix of BOTH knowledge/expertice in your field and years of experience. Other downsides include old legacy systems (and the employees generally aren't technology savvy), poor mix of age demographics (a quarter of the people on my floor are at or near retirement age, while there is only a handful of college graduates), and resistance to change.