Annual report [Section 13 and 15(d), not S-K Item 405]

REVENUE (Tables)

v3.25.0.1
REVENUE (Tables)
 12 Months Ended
Dec. 31, 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:
(In thousands) Contract Assets Contract Liabilities
Beginning Balance, January 1, 2024
 $ 46,321  $ 22,888 
Ending Balance, December 31, 2024
 $ 54,171  $ 28,171 
Schedule of Disaggregation of Revenue
The following table presents our revenue disaggregated by Market Segments as of December 31 as follows:
(In thousands) 2024 2023 2022
Aerospace Segment
Commercial Transport
 $ 524,572  $ 432,199  $ 314,564 
Military Aircraft
 88,019  61,617  54,534 
General Aviation
 74,344  80,842  63,395 
Other
 19,749  30,172  28,703 
Aerospace Total 706,684  604,830  461,196 
Test Systems Segment
Government & Defense
 88,742  84,376  73,698 
Test Systems Total 88,742  84,376  73,698 
Total $ 795,426  $ 689,206  $ 534,894 
The following table presents our revenue disaggregated by Product Lines as of December 31 as follows:
(In thousands) 2024 2023 2022
Aerospace Segment
Electrical Power & Motion
 $ 359,043  $ 268,049  $ 187,446 
Lighting & Safety
 179,403  157,434  124,347 
Avionics
 120,183  113,117  97,234 
Systems Certification
 17,003  26,255  17,222 
Structures
 11,303  9,803  6,244 
Other
 19,749  30,172  28,703 
Aerospace Total 706,684  604,830  461,196 
Test Systems 88,742  84,376  73,698 
Total $ 795,426  $ 689,206  $ 534,894