Pros
This company floated through the depression in the stock market like it barely even happened. The sheer size of the company combined with the nature of products we sell makes it a behemoth that's pretty well buffered from the ups & downs that have a much bigger impact on other companies. We also tend to buy out any up-and-coming small company that could be a disruptive force, and integrate them in to "the borg". So if you're a competent employee, your job and benefits are pretty rock-solid stable.
Kontras
Sort of the nature of the beast in a company this large: lots of bureaucracy which results in a significant portion of our time being spent on activities that are unproductive. Also, the company is much more manufacturing-oriented than technology-oriented, so there's not a very attractive career path for those who want to remain on the engineering side of things rather than jumping ship to management.