INVENTORY

12 Months Ended

Dec. 31, 2019

Inventory Disclosure [Abstract]

INVENTORY

NOTE 4 - INVENTORY

Inventory is composed of the following:

	December 31,
	2019		2018
Raw materials and components	$	13,296	$	10,758
Work in progress		11,735		7,297
Spare parts		18,272		19,557
Finished goods		604		993
Total inventory (**)	$	43,907	$	38,605

(**) The total amount of Rotables included in the company spare parts inventory for the years ended December 31, 2019 and 2018 were $8,886 and $8,284, respectively.

Slow inventory expenses amounted to $147, $691 and $964 for the years ended December 31, 2019, 2018 and 2017, respectively.

The company maintains a wide range of exchangeable units and other spare parts related to its products and services in various locations. Due to the long lead time of its suppliers and manufacturing cycles, the company needs to forecast demand and commit significant resources towards these inventories. As such, the Company is subject to significant risks including excess inventory no longer relevant.