INVENTORIES

3 Months Ended

Mar. 31, 2026

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, 2026		December 31, 2025
Raw materials	$	289,576	$	288,353
Work-in-process	140,675		130,522
Finished goods	160,682		146,666
Inventoried costs related to U.S. Government and other long-term contracts, net of progress payments	49,709		49,556
Inventories, net	$	640,642	$	615,097