INVENTORIES (Table)

3 Months Ended

Mar. 31, 2022

Inventory, Net [Abstract]

Schedule Of Inventory

The composition of inventories is as follows:

(In thousands)	March 31, 2022		December 31, 2021
Raw materials	$	217,900	$	191,066
Work-in-process	81,618		78,221
Finished goods	106,167		98,944
Inventoried costs related to U.S. Government and other long-term contracts (1)	47,387		48,619
Inventories, net of reserves	453,072		416,850
Less:  Progress payments applied	(4,950)		(5,283)
Inventories, net	$	448,122	$	411,567

(1) This caption includes capitalized development costs of $24.9 million as of March 31, 2022 related to certain aerospace and defense programs. These capitalized costs will be liquidated as units are produced under contract. As of March 31, 2022, capitalized development costs of $17.1 million are not currently supported by existing firm orders.