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Major Customer And Geographic Information
12 Months Ended
Dec. 31, 2024
Major Customer And Geographic Information [Abstract]  
Segment Disclosure, Major Customer And Geographic Information SEGMENT DISCLOSURE, MAJOR CUSTOMER AND GEOGRAPHIC INFORMATION
A.    SEGMENT DISCLOSURE:
The Company reports segment information based on a management approach. The management approach designates the internal reporting used by management for making decisions and assessing performance as the source of the Company’s reportable segments.
The Company’s President and Chief Executive Officer is our chief operating decision maker (“CODM”). The CODM assesses the performance of each operating segment using information about revenue and segment operating income that is defined as operating income generated at the segment level, excluding unallocated corporate income or expense and other operating income (expenses), net, such as sale of buildings or shares.
The Company’s CODM does not regularly review assets and liabilities information by reportable segments. Therefore, the Company does not report assets and liabilities information by segment.
The segments are encouraged to cooperate on a range of common projects performed by the Company. It is common for the reportable segments to provide their products to the same customers either through joint projects or by marketing and offering a combined and integrated solution containing a variety of capabilities, products, and technologies of the Company’s portfolio from various businesses or subsidiaries, all tailored to satisfy the customer’s or project’s specific requirements. Intersegment transactions are sales between segments and are eliminated in consolidation.

The following tables present information about the Company’s reported segment revenues and operating income for the periods indicated:
Year ended December 31, 2024Year ended December 31, 2023Year ended December 31, 2022
Revenues:
Aerospace
External customers$1,780,483 $1,613,137 $1,471,093 
Intersegment revenue255,805 260,144 262,089 
Total$2,036,288 $1,873,281 $1,733,182 
C4I and Cyber
External customers$750,573 $668,414 $631,297 
Intersegment revenue49,227 52,702 47,098 
Total$799,800 $721,116 $678,395 
ISTAR and EW
External customers$1,118,628 $996,927 $882,200 
Intersegment revenue199,399 182,500 163,449 
Total$1,318,027 $1,179,427 $1,045,649 
Land
External customers$1,605,046 $1,241,023 $1,075,846 
Intersegment revenue74,339 65,174 92,737 
Total$1,679,385 $1,306,197 $1,168,583 
ESA
External customers$1,573,141 $1,455,243 $1,451,113 
Intersegment revenue12,572 9,695 5,559 
Total$1,585,713 $1,464,938 $1,456,672 
Revenues
Total revenues (external customers and intersegment) for reportable segments$7,419,213 $6,544,959 $6,082,481 
Less -Intersegment revenue(591,342)(570,215)(570,932)
Total consolidated revenues$6,827,871 $5,974,744 $5,511,549 
Note 23 - SEGMENT DISCLOSURE, MAJOR CUSTOMER AND GEOGRAPHIC INFORMATION

A.    SEGMENT DISCLOSURE (Cont.):

Year ended December 31, 2024Year ended December 31, 2023Year ended December 31, 2022
Operating income:
Aerospace$149,060 $125,455 $106,760 
C4I and Cyber61,987 50,653 48,964 
ISTAR and EW                               96,110 134,882 49,120 
Land                                                      150,684 80,610 28,554 
ESA                                                56,199 (4,687)74,978 
Segment operating income514,040 386,913 308,376 
Unallocated corporate expenses and inter-company unrealized profit
(24,987)(17,805)(9,810)
Other operating income— — 68,918 
Operating income 489,053 369,108 367,484 
Financial expenses, net (see note 25)
(151,125)(137,827)(51,364)
Other income (expenses), net (see note 26)3,818 (4,787)(23,562)
Income before income taxes$341,746 $226,494 $292,558 


Year ended December 31, 2024
Year ended December 31, 2023
Year ended December 31, 2022
Aerospace
Revenues$2,036,288 $1,873,281 $1,733,182 
Research and development, net(104,946)(107,883)(117,683)
Other expenses(1,782,282)(1,639,943)(1,508,739)
Operating income$149,060 $125,455 $106,760 
C4I and Cyber
Revenues$799,800 $721,116 $678,395 
Research and development, net(70,286)(72,663)(72,720)
Other expenses(667,527)(597,800)(556,711)
Operating income$61,987 $50,653 $48,964 
ISTAR and EW
Revenues$1,318,027 $1,179,427 $1,045,649 
Research and development, net(100,205)(87,112)(82,918)
Other expenses(1,121,712)(957,433)(913,611)
Operating income$96,110 $134,882 $49,120 
Land
Revenues$1,679,385 $1,306,197 $1,168,583 
Research and development, net(133,552)(85,604)(87,099)
Other expenses(1,395,149)(1,139,983)(1,052,930)
Operating income$150,684 $80,610 $28,554 
ESA
Revenues$1,585,713 $1,464,938 $1,456,672 
Research and development, net(54,685)(68,779)(73,765)
Other expenses(1,474,829)(1,400,846)(1,307,929)
Operating income$56,199 $(4,687)$74,978 
Segment operating income
$514,040 $386,913 $308,376 
Note 23 - SEGMENT DISCLOSURE, MAJOR CUSTOMER AND GEOGRAPHIC INFORMATION

A.    SEGMENT DISCLOSURE (Cont.):
Year ended December 31, 2024Year ended December 31, 2023Year ended December 31, 2022
Depreciation and amortization by segment:
Aerospace$34,958 $36,284 $34,353 
C4I and Cyber9,440 12,551 13,651 
ISTAR and EW32,978 29,001 24,992 
Land34,813 34,747 38,560 
ESA44,307 50,526 46,540 
Unallocated corporate expenses1,895 1,690 3,194 
Total depreciation and amortization$158,391 $164,799 $161,290 


Revenue are attributed to geographic areas based on the location of the end customers as follows:
 Year ended December 31, 2024Year ended December 31, 2023Year ended December 31, 2022
North America$1,520,338 $1,417,742 $1,489,685 
Asia-Pacific1,132,701 1,263,771 1,405,473 
Israel1,987,974 1,167,228 1,071,945 
Europe1,820,912 1,776,412 1,243,550 
Latin America150,013 120,700 119,860 
Other215,933 228,891 181,036 
 $6,827,871 $5,974,744 $5,511,549 


B.    MAJOR CUSTOMER DATA AS A PERCENTAGE OF TOTAL REVENUES:
 Year ended December 31, 2024Year ended December 31, 2023Year ended December 31, 2022
IMOD25%16%17%
U.S. Government15%17%19%


C.    LONG-LIVED ASSETS BY GEOGRAPHIC AREAS:

The Company's long-lived assets for the year ended December 31, 2024, 2023 and 2022, commencing current year presentation, includes property plant and equipment and operating lease right of use assets, as follows:
 Year ended December 31, 2024Year ended December 31, 2023Year ended December 31, 2022
Israel$1,396,297 $1,098,074 $968,450 
U.S.298,984 307,239 280,687 
Other110,009 108,521 105,516 
 $1,805,290 $1,513,834 $1,354,653