INVENTORIES

3 Months Ended

Mar. 31, 2025

Inventory, Net [Abstract]

INVENTORIES

INVENTORIES

Inventoried costs contain amounts relating to long-term contracts and programs with long production cycles, a portion of which will not be realized within one year. Long-term contract inventory includes an immaterial amount of claims or other similar items subject to uncertainty concerning their determination or realization. Inventories are valued at the lower of cost or net realizable value.

The composition of inventories is as follows:

(In thousands)	March 31, 2025		December 31, 2024
Raw materials	$	274,948	$	262,365
Work-in-process	118,612		108,088
Finished goods	140,841		134,624
Inventoried costs related to U.S. Government and other long-term contracts, net of progress payments	43,702		36,365
Inventories, net	$	578,103	$	541,442