Where I work, large NASA contractor, I know of maybe two people with a PE and no one cares. I have one other friend in the defense industry in VA and he said that no one there has one either. I think the MS is a better option. I have an MBA and don’t think that really made much difference either except maybe at first getting into management (today they don’t even seem to care that much). It is more about how you are doing your work. Other industries will be different.