Segment Information (Tables)

9 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Segment Revenues, Expenses and Operating Profits (Losses)

Segment revenues, expenses and operating profits (losses) for the three and nine months ended December 31, 2025 and 2024 were as follows:

	Three Months Ended						Nine Months Ended
	December 31, 2025			December 31, 2024			December 31, 2025			December 31, 2024
	(In thousands)
Revenues:
Communication services
Aviation services	$	303,693		$	263,880		$	897,317		$	783,022
Government satcom services		202,369			195,048			589,937			558,796
Maritime services		114,949			118,895			350,344			364,021
Fixed services and other services		144,565			181,162			474,993			567,651
Total services		765,576			758,985			2,312,591			2,273,490
Total products		59,766			61,362			176,777			200,029
Total communication services revenues		825,342			820,347			2,489,368			2,473,519
Defense and advanced technologies
Total services		57,242			50,385			158,107			154,915
Information security and cyber defense products		96,954			89,497			294,030			228,552
Space and mission systems products		77,490			77,752			243,694			229,840
Tactical networking products		93,900			78,528			236,372			229,972
Advanced technologies and other products		6,117			7,258			47,421			55,691
Total products		274,461			253,035			821,517			744,055
Total defense and advanced technologies revenues		331,703			303,420			979,624			898,970
Elimination of intersegment revenues		—			—			—			—
Total revenues	$	1,157,045		$	1,123,767		$	3,468,992		$	3,372,489
Expenses:
Communication services
Depreciation	$	248,673		$	244,673		$	735,641		$	744,136
Stock-based compensation expense		14,388			12,884			35,190			38,462
Other than acquired intangible assets amortization (1)		9,175			10,289			27,923			31,998
Acquisition and transaction related expenses		4,840			14,061			16,194			45,532
Other segment items (2)		510,238			494,083			1,524,131			1,527,562
Total communication services expenses (3)		787,314			775,990			2,339,079			2,387,690
Defense and advanced technologies
Depreciation		12,484			12,401			35,887			35,539
Stock-based compensation expense		9,711			8,619			23,738			25,006
Other than acquired intangible assets amortization (1)		5,190			4,545			16,733			13,866
Acquisition and transaction related expenses		685			6,794			4,136			12,174
Other segment items (2)		250,521			228,323			745,022			643,823
Total defense and advanced technologies expenses (3)		278,591			260,682			825,516			730,408
Total expenses	$	1,065,905		$	1,036,672		$	3,164,595		$	3,118,098
Operating profits (losses):
Communication services	$	38,028		$	44,357		$	150,289		$	85,829
Defense and advanced technologies		53,112			42,738			154,108			168,562
Elimination of intersegment operating profits (losses)		—			—			—			—
Segment operating profit (loss) before corporate		91,140			87,095			304,397			254,391
Corporate:
Amortization of acquired intangible assets		(64,838	)		(65,847	)		(195,648	)		(198,086	)
Interest income		165,590			17,708			192,405			64,396
Interest expense		(87,478	)		(94,476	)		(281,322	)		(315,592	)
(Loss) gain on extinguishment of debt, net		(11,647	)		(96,614	)		(11,935	)		(99,814	)
Other income (expense), net		114			(9,976	)		(5,050	)		(9,976	)
Income (loss) before income taxes	$	92,881		$	(162,110	)	$	2,847		$	(304,681	)

(1)Including amortization of capitalized cloud computing implementation costs.

(2)Other segment items include operating expenses such as cost of service and product revenues, selling, general and administrative expenses, IR&D expenses and related activities excluding allocable portion of depreciation, other than acquired intangibles amortization, stock-based compensation, and certain significant items that are disclosed under each segment.

(3)For the three and nine months ended December 31, 2025, IR&D expense and related activities, including allocable depreciation, stock-based compensation and other expenses were $26.7 million and $67.5 million, respectively, for the communication services segment, and $20.2 million and $55.9 million, respectively, for the defense and advanced technologies segment. For the three and nine months ended December 31, 2024, IR&D expense and related activities, including allocable depreciation, stock-based compensation and other expenses were $21.5 million and $66.9 million, respectively, for the communication services segment, and $15.2 million and $41.7 million, respectively, for the defense and advanced technologies segment.

Revenues by Geographic Area

Revenues by geographic area for the three and nine months ended December 31, 2025 and 2024 were as follows:

	Three Months Ended				Nine Months Ended
	December 31, 2025		December 31, 2024		December 31, 2025		December 31, 2024
	(In thousands)
U.S. customers	$	777,695	$	774,383	$	2,372,690	$	2,327,663
Non-U.S. customers (each country individually insignificant)		379,350		349,384		1,096,302		1,044,826
Total revenues	$	1,157,045	$	1,123,767	$	3,468,992	$	3,372,489