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SEGMENT INFORMATION (Table)
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Schedule Of Segment Reporting Information By Segment
Operating results by reportable segment were as follows:
Three Months EndedNine Months Ended
September 30,September 30,
(In thousands)2025202420252024
Net sales
Aerospace & Industrial$248,016 $229,043 $714,770 $682,181 
Defense Electronics253,637 243,695 753,514 685,388 
Naval & Power368,177 327,412 1,086,118 932,831 
Less: Intersegment revenues(660)(1,232)(3,011)(3,524)
Total net sales$869,170 $798,918 $2,551,391 $2,296,876 
Cost of sales
Aerospace & Industrial$157,340 $148,676 $457,124 $447,082 
Defense Electronics124,922 126,752 382,006 359,965 
Naval & Power249,939 221,488 744,710 639,898 
Total cost of sales$532,201 $496,916 $1,583,840 $1,446,945 
Research and development expenses
Aerospace & Industrial$5,164 $4,961 $18,185 $17,649 
Defense Electronics13,182 12,316 39,389 39,208 
Naval & Power4,834 3,180 11,245 8,039 
Total research and development expenses$23,180 $20,457 $68,819 $64,896 
Selling expenses
Aerospace & Industrial$6,959 $6,290 $21,273 $19,428 
Defense Electronics16,065 15,868 46,999 43,766 
Naval & Power16,997 14,639 51,807 43,994 
Total selling expenses$40,021 $36,797 $120,079 $107,188 
General and administrative expenses
Aerospace & Industrial$32,543 $30,552 $101,415 $95,519 
Defense Electronics25,511 25,120 75,862 71,975 
Naval & Power38,498 35,066 118,107 106,267 
Total general and administrative expenses$96,552 $90,738 $295,384 $273,761 
Other segment items(2)
Aerospace & Industrial$571 $1,129 $2,406 $2,356 
Defense Electronics— — 19 510 
Naval & Power188 — 249 120 
Total other segment items$759 $1,129 $2,674 $2,986 
Operating income (expense)
Aerospace & Industrial$45,439 $37,435 $114,367 $100,147 
Defense Electronics73,957 63,639 209,239 169,964 
Naval & Power57,721 53,039 160,000 134,513 
Total Segment177,117 154,113 483,606 404,624 
Corporate and other (1)
(10,866)(9,210)(31,843)(30,863)
Total consolidated$166,251 $144,903 $451,763 $373,761 
Depreciation and amortization expense
Aerospace & Industrial$8,016 $7,957 $23,648 $24,386 
Defense Electronics7,702 7,645 22,910 23,207 
Naval & Power14,740 10,342 44,583 31,114 
Corporate733 749 2,178 2,137 
Total Consolidated$31,191 $26,693 $93,319 $80,844 
Capital expenditures
Aerospace & Industrial$6,482 $5,705 $22,165 $14,230 
Defense Electronics2,650 3,244 8,577 7,675 
Naval & Power6,792 4,544 18,325 12,333 
Corporate976 1,091 2,987 3,465 
Total Consolidated$16,900 $14,584 $52,054 $37,703 
(1) Includes pension and other postretirement benefit expense, certain environmental costs related to remediation at legacy sites, and certain other expenses.
(2) Other segment items includes restructuring expenses associated with the 2024 Restructuring Program.
(In thousands)September 30, 2025December 31, 2024
Segment Assets
Aerospace & Industrial$1,134,609 $1,090,739 
Defense Electronics1,566,522 1,446,949 
Naval & Power2,015,716 1,927,325 
Corporate and Other385,185 520,691 
Total consolidated$5,102,032 $4,985,704 
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
Adjustments to reconcile operating income to earnings before income taxes are as follows:

Three Months EndedNine Months Ended
(In thousands)September 30,September 30,
Earnings before taxes:2025202420252024
Total reportable segment operating income$177,117 $154,113 $483,606 $404,624 
Corporate and Eliminations(10,866)(9,210)(31,843)(30,863)
Interest expense10,484 11,408 31,151 33,194 
Other income, net5,386 10,126 22,398 28,294 
Earnings before income taxes$161,153 $143,621 $443,010 $368,861