RECEIVABLES

9 Months Ended

Sep. 30, 2012

Receivables [Abstract]

RECEIVABLES

4.RECEIVABLES

Receivables at September 30, 2012 and December 31, 2011include amounts billed to customers, claims, other receivables, and unbilled charges on long-term contracts consisting of amounts recognized as sales but not billed. Substantially all amounts of unbilled receivables are expected to be billed and collected within one year.

The composition of receivables is as follows:

			(In thousands)
		September 30,		December 31,
		2012		2011
Billed receivables:
Trade and other receivables		$	349,501	$	369,109
	Less: Allowance for doubtful accounts		(7,404)		(6,880)
Net billed receivables			342,097		362,229
Unbilled receivables:
Recoverable costs and estimated earnings not billed			216,165		214,940
	Less: Progress payments applied		(26,721)		(34,160)
Net unbilled receivables			189,444		180,780
Receivables, net		$	531,541	$	543,009