Quarterly report pursuant to Section 13 or 15(d)

Revenue (Tables)

v3.24.3
Revenue (Tables)
 9 Months Ended
Sep. 28, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Contract Assets and Liabilities The following table presents the beginning and ending balances of contract assets and contract liabilities during the nine months ended September 28, 2024:
(In thousands) Contract Assets Contract Liabilities
Beginning Balance, January 1, 2024
 $ 46,321  $ 22,888 
Ending Balance, September 28, 2024
 $ 57,489  $ 20,210 
Schedule of Disaggregation of Revenue
The following table presents our revenue disaggregated by Market Segments as follows:
Nine Months Ended Three Months Ended
(In thousands) September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023
Aerospace Segment
Commercial Transport
 $ 383,679  $ 308,016  $ 133,850  $ 101,724 
Military Aircraft
 63,545  44,335  21,685  16,687 
General Aviation
 56,643  60,656  18,077  16,193 
Other
 14,268  23,076  3,942  7,500 
Aerospace Total 518,135  436,083  177,554  142,104 
Test Systems Segment
Government & Defense
 68,751  57,831  26,144  20,818 
Test Systems Total 68,751  57,831  26,144  20,818 
Total $ 586,886  $ 493,914  $ 203,698  $ 162,922 
The following table presents our revenue disaggregated by Product Lines as follows:
Nine Months Ended Three Months Ended
(In thousands) September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023
Aerospace Segment
Electrical Power & Motion
 $ 263,919  $ 185,712  $ 90,467  $ 64,312 
Lighting & Safety
 135,162  116,967  46,921  38,496 
Avionics
 83,716  83,011  29,151  22,347 
Systems Certification
 12,272  19,832  4,460  6,535 
Structures
 8,798  7,485  2,613  2,914 
Other
 14,268  23,076  3,942  7,500 
Aerospace Total 518,135  436,083  177,554  142,104 
Test Systems 68,751  57,831  26,144  20,818 
Total $ 586,886  $ 493,914  $ 203,698  $ 162,922