Hard to tell, I would guess most large well-established companies have situations / teams like this.
I work for a large videogame company, things are more or less the same, except we have two clear modes of operation among teams: * "production" (gameteams themselves), work in frantic mode all the time (crunch time being very common) * all other teams, work in glacial mode, technical debt is pretty high, same as your situation
When I started, it was my dream job. Years later...
Quite difficult to find a dream job and maintain that state of mind for long.
I would suggest you speak to your manager(s) and find / create some new projects, be creative and proactive.
Or, your current job may not really make you happy and you'll need to find something else to do.