REVENUE (Tables)

3 Months Ended

Jun. 30, 2026

REVENUE

Schedule of revenue on a disaggregated basis by market and contract type

Revenue by market	Defense		Industrial		Totals
Three months ended June 30, 2026	$	8,966	$	130	$	9,096
Three months ended June 30, 2025	$	7,379	$	—	$	7,379

Revenue by contract type	Over-time		Point-in-time		Totals
Three months ended June 30, 2026	$	8,870	$	226	$	9,096
Three months ended June 30, 2025	$	6,685	$	694	$	7,379

Schedule of total revenue generated by the individual customers

	Three months ended				Three months ended
	June 30, 2026				June 30, 2025
Segment	Amount		Percent		Amount		Percent
Ranor	$	2,471	27	%	$	3,202	43	%
Stadco	$	1,705	19	%	$	2,070	28	%

Schedule of contract assets and contract liabilities

			Progress
Contract assets	Unbilled		Payments		Total
June 30, 2026	$	26,780	$	(16,380)	$	10,400
March 31, 2026	$	26,415	$	(15,607)	$	10,808

	Opening				Obligations		Closing
Contract liabilities	Balance		Billed		Satisfied		Balance
June 30, 2026	$	2,917	$	20,624	$	(20,606)	$	2,935
March 31, 2026	$	1,040	$	20,528	$	(18,651)	$	2,917

Sales

REVENUE

Schedule of revenue from customers who accounted for more than 10%

	Three months ended				Three months ended
	June 30, 2026				June 30, 2025
Customer	Amount		Percent		Amount		Percent
A	$	1,441	16	%	$	1,126	15	%
B	$	*	*	%	$	*	*	%
C	$	*	*	%	$	1,845	25	%
D	$	1,655	18	%	$	*	*	%
E	$	*	*	%	$	1,590	21	%
F	$	1,080	12	%	$	711	10	%
G	$	*	*	%	$	*	*	%

*Less than 10% of total