Pros
Regular yearly merit raises from 3-4%. Out of cycle promotions common if you demonstrate positive performance under higher than typical workloads or time constraints. Value your experience with standard company software, technology, and processes. Great place to start within the defense industry. The emphasize passing down the knowledge of experienced engineers to the younger employees.
Cons
Training can be lacking if more seasoned employees do not have the bandwidth. Deadlines can either be hard to meet on short notice or not given a hard-set deadline at all. Learning curve can take sometimes before real contributions can be made to some projects.