Pros
Very stable, and great exposure to mechanical, materials, manufacturing engineering, and also well known industry wide amongst direct competitors (GE, Siemens, Emerson etc.). Good people overall, not a 'penny-wise-pound foolish company', and they invest in employees well. A solid career launch but not long term however.
Cons
Less innovation and less open to change with occasional periods of 'flatness' - not progressing much and somewhat frustrating to see their rigidity to come out of their comfort zone and do breakthrough work. There's also a lack of team-work and most people are older/ more mature. Not too many younger folks.