Pros
The company has gone through major mostly positive changes since it spun out from Rockwell Collins a couple years ago. Management is promoting a more entrepreneurial culture and things seem to be heading in the right direction. There is a big focus on new products, technologies and markets, and they are hiring a lot of sales people. So there are interesting new projects to work on if you want to try your hand at something different.
Cons
The flip side is there are a lot less resources without the big company deep pockets. Everyone is expected to do more and work on things outside of their regular job. It isn't overbearing, but it isn't a 9 to 5 place anymore. That's expected in a smaller company, but some people need to either get on board or move on. There is too much complaining from some, especially in engineering and field service.