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Revenue
 12 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
The Company produces forged components for (i) turbine engines that power commercial, business and regional aircraft as well as military aircraft and armored military vehicles; (ii) airframe applications for a variety of aircraft; (iii) industrial gas and steam turbine engines for power generation units; and (iv) other commercial applications.
The following table represents a breakout of total revenue by customer type:
Years Ended
September 30,
20252024
Commercial revenue$36,928 $41,759 
Military revenue47,887 37,874 
Total $84,815 $79,633 
The following table represents revenue by the various components:
Years Ended
September 30,
20252024
Aerospace components for:
Fixed wing aircraft$51,379 $41,847 
Rotorcraft17,069 17,255 
Commercial space5,029 13,200 
Energy components for power generation units2,491 1,821 
Commercial products and other revenue8,847 5,510 
Total$84,815 $79,633 
All revenue based on selling locations originated from the Company’s U.S. operations.
In addition to the disaggregating revenue information provided above, approximately 62% and 54% of total net sales as of September 30, 2025 and 2024, respectively, was recognized on an over-time basis because of the continuous transfer of control to the customer, with the remainder recognized at a point in time.
Contract Balances
Generally, payment is due upon the shipment of goods. For performance obligations recognized at a point in time, a contract asset is not established as the billing and revenue recognition occur at the same time. For performance obligations recognized over time, a contract asset is established for revenue that is recognized prior to billing and shipment. Upon shipment and billing, the value of the contract asset is reversed and accounts receivable is recorded. In circumstances where prepayments are required and payment is made prior to satisfaction of performance obligations, a contract liability is established. If the satisfaction of the performance obligation occurs over time, the contract liability is reversed over the course of production. If the satisfaction of the performance obligation is point in time, the contract liability reverses upon shipment.
The following table contains a roll forward of contract assets and contract liabilities for the years ended September 30, 2025 and 2024:
Contract assets - Ending balance, September 30, 2023$10,091 
Additional revenue recognized over-time42,697 
Less amounts billed to the customers(42,043)
Contract assets - Ending balance, September 30, 2024$10,745 
Additional revenue recognized over-time52,785 
Less amounts billed to the customers(52,970)
Contract assets - Ending balance, September 30, 2025$10,560 
Contract liabilities - Ending balance, September 30, 2023$(731)
Payments received in advance of performance obligations(5,737)
Performance obligations satisfied3,589 
Contract liabilities - Ending balance, September 30, 2024$(2,879)
Payments received in advance of performance obligations(3,773)
Performance obligations satisfied4,868 
Contract liabilities - Ending balance, September 30, 2025$(1,784)
Accounts receivable, net were $16,103, $17,272, $15,638 as of September 30, 2025, 2024, and 2023, respectively. During the year ended September 30, 2025, management determined there were certain contracts met the criteria for loss recognition, a loss contract reserve of $325 was recorded. No such reserve was required in the prior year. 2024, respectively.
Remaining performance obligations
As of September 30, 2025 the Company's total backlog was $119,214, of which $87,336 is anticipated to be completed within the next twelve months, and the remaining thereafter.
As of September 30, 2024, the Company has $85,019 of remaining performance obligations, the majority of which were anticipated to be completed within twelve months of that date.