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

REVENUE (Tables)

v3.25.4
REVENUE (Tables)
 12 Months Ended
Dec. 31, 2025
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, 2025
 $ 54,171  $ 28,171 
Ending Balance, December 31, 2025
 $ 54,687  $ 26,962 
Schedule of Disaggregation of Revenue
The following table presents our revenue disaggregated by Market Segments as of December 31 as follows:
(In thousands) 2025 2024 2023
Aerospace Segment
Commercial Transport
 $ 599,301  $ 524,572  $ 432,199 
Military Aircraft
 116,276  88,019  61,617 
General Aviation
 69,834  74,344  80,842 
Other
 11,908  19,749  30,172 
Aerospace Total 797,319  706,684  604,830 
Test Systems Segment
Government & Defense
 64,809  88,742  84,376 
Test Systems Total 64,809  88,742  84,376 
Total $ 862,128  $ 795,426  $ 689,206 
The following table presents our revenue disaggregated by Product Lines as of December 31 as follows:
(In thousands) 2025 2024 2023
Aerospace Segment
Electrical Power & Motion
 $ 410,382  $ 359,043  $ 268,049 
Lighting & Safety
 208,897  179,403  157,434 
Avionics
 123,422  120,183  113,117 
Systems Certification
 29,069  17,003  26,255 
Structures
 13,641  11,303  9,803 
Other
 11,908  19,749  30,172 
Aerospace Total 797,319  706,684  604,830 
Test Systems 64,809  88,742  84,376 
Total $ 862,128  $ 795,426  $ 689,206