Ok. We know the company. It's big, too big to fail. Here is my analysis.
You can search for a graphic at Morningstar that shows the DoD budget from 1985 to 2022. Of course the future years are a projection. It's no longer 5-10-25% increases year over year. Those were the times that brought me in. It is not a question of when, but how cuts will continue. I saw this process beginning in 2007, about a year or two after I hired on. It's been going on and will continue, in my opinion, for a few years.
There will need to be a package, as they have already cut many contractors, VP's, production facilities that went EOL with no contract. The bottom performers have been, and will be, let go. The stock price has held up well, as megacorp has discovered that the shareholders and analysts love increased profits, even if it means job loss. Go figure.
I witnessed this same phenomena in manufacturing in the 1990's. Chainsaw Al.
Middle management will receive a thrashing. The company is top heavy with senior level and higher people. Managers where I toil received a demotion last year. The CEO is stepping aside. Icing on the cake: the performance review system was just re-tooled.
I'd say hang on, take the pay, and wait it out. Take the first package, as the next one cold be very cruel.