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INVENTORIES | 12 Months Ended
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Dec. 31, 2024
Inventory, Net [Abstract] |
INVENTORIES | 5. 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 as of December 31 is as follows:
(In thousands) |  | 2024 |  | 2023
Raw materials |  | $ | 262,365 |  |  | $ | 239,313 |
Work-in-process |  | 108,088 |  |  | 103,750 |
Finished goods |  | 134,624 |  |  | 126,174 |
Inventoried costs related to U.S. Government and other long-term contracts, net of progress payments |  | 36,365 |  |  | 40,796 |
Inventories, net |  | $ | 541,442 |  |  | $ | 510,033 |

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/330/tableOfContent + Details
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