Annual report pursuant to Section 13 and 15(d)

REVENUE (Tables)

v3.24.0.1
REVENUE (Tables)
 12 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
Summary of Contract Assets and Liabilities The following table presents the beginning and ending balances of contract assets and contract liabilities:
(In thousands) Contract Assets Contract Liabilities
Beginning Balance, January 1, 2023
 $ 27,349  $ 33,209 
Ending Balance, December 31, 2023
 $ 46,321  $ 22,888 
Summary of Disaggregation of Revenue
The following table presents our revenue disaggregated by Market Segments as of December 31 as follows:
(In thousands) 2023 2022 2021
Aerospace Segment
Commercial Transport
 $ 432,199  $ 314,564  $ 201,990 
Military Aircraft
 61,617  54,534  70,312 
General Aviation
 80,842  63,395  56,673 
Other
 30,172  28,703  36,263 
Aerospace Total 604,830  461,196  365,238 
Test Systems Segment
Government & Defense
 84,376  73,698  79,670 
Test Systems Total 84,376  73,698  79,670 
Total $ 689,206  $ 534,894  $ 444,908 
The following table presents our revenue disaggregated by Product Lines as of December 31 as follows:
(In thousands) 2023 2022 2021
Aerospace Segment
Electrical Power & Motion
 $ 268,049  $ 187,446  $ 141,746 
Lighting & Safety
 157,434  124,347  103,749 
Avionics
 113,117  97,234  64,901 
Systems Certification
 26,255  17,222  13,050 
Structures
 9,803  6,244  5,529 
Other
 30,172  28,703  36,263 
Aerospace Total 604,830  461,196  365,238 
Test Systems 84,376  73,698  79,670 
Total $ 689,206  $ 534,894  $ 444,908