INVENTORIES (Table)

9 Months Ended

Sep. 30, 2014

Inventory, Net [Abstract]

Schedule Of Inventory

The composition of inventories is as follows:

	(In thousands)
	September 30, 2014			December 31, 2013
Raw materials	$	204,542		$	231,219
Work-in-process	104,588			114,372
Finished goods and component parts	98,493			117,444
Inventoried costs related to long-term contracts	62,011			58,796
Gross inventories	469,634			521,831
Less:  Inventory reserves	(53,788		)	(54,400		)
Progress payments applied	(11,922		)	(15,344		)
Inventories, net	$	403,924		$	452,087