INVENTORIES

6 Months Ended

Jun. 30, 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)	June 30, 2026		December 31, 2025
Raw materials	$	305,555	$	288,353
Work-in-process	162,892		130,522
Finished goods	150,643		146,666
Inventoried costs related to U.S. Government and other long-term contracts, net of progress payments	49,638		49,556
Inventories, net	$	668,728	$	615,097