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SEGMENT INFORMATION
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Corporation’s segments are composed of similar product groupings that serve the same or similar end markets. Based on this approach, the Corporation has three reportable segments: Aerospace & Industrial, Defense Electronics, and Naval & Power. The Corporation’s measure of segment profit or loss is operating income. Interest expense and income taxes are not reported on an operating segment basis as they are not considered in the segments’ performance evaluation by the Corporation’s chief operating decision-maker, its Chief Executive Officer.
Operating results by reportable segment were as follows:
Three Months EndedNine Months Ended
September 30,September 30,
(In thousands)2026202520262025
Net sales
  Aerospace & Industrial$282,633 $248,016 $805,657 $714,770 
  Defense Electronics259,613 253,637 763,888 753,514 
  Naval & Power412,056 368,177 1,225,011 1,086,118 
     Less: Intersegment revenues(1,712)(660)(4,271)(3,011)
Total net sales$952,590 $869,170 $2,790,285 $2,551,391 
Cost of sales
Aerospace & Industrial$176,547 $157,340 $510,844 $457,124 
Defense Electronics131,611 124,922 378,186 382,006 
Naval & Power267,928 249,939 815,731 744,710 
Total cost of sales$576,086 $532,201 $1,704,761 $1,583,840 
Research and development expenses
Aerospace & Industrial$7,643 $5,164 $21,620 $18,185 
Defense Electronics11,395 13,182 39,545 39,389 
Naval & Power4,743 4,834 11,212 11,245 
Total research and development expenses$23,781 $23,180 $72,377 $68,819 
Selling expenses
Aerospace & Industrial$7,259 $6,959 $21,653 $21,273 
Defense Electronics20,991 16,065 56,607 46,999 
Naval & Power19,580 16,997 58,244 51,807 
Total selling expenses$47,830 $40,021 $136,504 $120,079 
General and administrative expenses
Aerospace & Industrial$36,530 $32,543 $108,282 $101,415 
Defense Electronics25,683 25,511 78,796 75,862 
Naval & Power43,403 38,498 132,427 118,107 
Total general and administrative expenses$105,616 $96,552 $319,505 $295,384 
Other segment items(2)
Aerospace & Industrial$1,257 $571 $2,359 $2,406 
Defense Electronics— — 126 19 
Naval & Power107 188 306 249 
Total other segment items$1,364 $759 $2,791 $2,674 
Operating income
  Aerospace & Industrial$53,397 $45,439 $140,899 $114,367 
  Defense Electronics69,933 73,957 210,628 209,239 
  Naval & Power76,295 57,721 207,091 160,000 
  Total Segment199,625 177,117 558,618 483,606 
  Corporate and Eliminations(1)
(11,703)(10,866)(32,496)(31,843)
Total consolidated$187,922 $166,251 $526,122 $451,763 
Depreciation and amortization expense
Aerospace & Industrial$7,958 $8,016 $23,999 $23,648 
Defense Electronics7,598 7,702 23,014 22,910 
Naval & Power12,044 14,740 35,738 44,583 
Corporate815 733 2,399 2,178 
Total Consolidated$28,415 $31,191 $85,150 $93,319 
Capital expenditures(3)
Aerospace & Industrial$6,184 $6,482 $19,102 $22,165 
Defense Electronics2,818 2,650 6,079 8,577 
Naval & Power13,510 6,792 27,494 18,325 
Corporate535 976 3,127 2,987 
Total Consolidated$23,047 $16,900 $55,802 $52,054 
(1) Corporate and Eliminations includes pension expense, environmental remediation and administrative expenses, legal, and other expenses.
(2) Other segment items includes restructuring expenses associated with the 2026 Restructuring Program in the current period and 2024 Restructuring Program in the prior period.
(3) Amount is net of grant proceeds for property, plant, and equipment. Refer to the Condensed Consolidated Statements of Cash Flows for more information.
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:2026202520262025
Total reportable segment operating income$199,625 $177,117 $558,618 $483,606 
Corporate and Eliminations(11,703)(10,866)(32,496)(31,843)
Interest expense10,319 10,484 30,186 31,151 
Other income, net338 5,386 34,065 22,398 
Earnings before income taxes$177,941 $161,153 $530,001 $443,010 

(In thousands)September 30, 2026December 31, 2025
Segment Assets
Aerospace & Industrial$1,192,129 $1,118,986 
Defense Electronics1,588,993 1,557,858 
Naval & Power2,087,039 2,018,076 
Corporate and Other504,019 526,372 
Total consolidated$5,372,180 $5,221,292