Pros
I worked in procurement and the people were great (not management though). Also there is a bar down the street to have a couple beers at lunch so you can get through the day. Pay and benefits were ok.
Cons
Basically everything. The company still thinks they are in the 80's. If you are a young person you will not be a manager for 30 years. Way too many levels of management and I do not know how most of these managers were hired. If you have drive and ambitious then say goodbye to it. Nothing is efficient, you have to get a signature for anything you do. Management thinks they know all and will not listen to the low level peasants of the company. There is a reason why Boeing and Lockheed are ahead of Northrop. Once most of the good old boys club of Northrop retires then maybe it will improve. If you are lazy and want someone to make terrible decisions for you then this is the company for you.