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GOODWILL | 9 Months Ended
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Sep. 30, 2025
Goodwill [Abstract] |
GOODWILL | GOODWILL The Corporation accounts for acquisitions by assigning the purchase price to acquired tangible and intangible assets and liabilities assumed. Assets acquired and liabilities assumed are recorded at their fair values, and the excess of the purchase price over the amounts assigned is recorded as goodwill. The changes in the carrying amount of goodwill for the nine months ended September 30, 2025 are as follows:
(In thousands) | Aerospace & Industrial |  | Defense Electronics |  | Naval & Power |  | Consolidated
December 31, 2024 | $ | 323,504 |  |  | $ | 701,719 |  |  | $ | 650,495 |  |  | $ | 1,675,718 |
Adjustments(1) | — |  |  | — |  |  | (9,329) |  |  | (9,329) |
Foreign currency translation adjustment | 4,607 |  |  | 12,097 |  |  | 9,679 |  |  | 26,383 |
September 30, 2025 | $ | 328,111 |  |  | $ | 713,816 |  |  | $ | 650,845 |  |  | $ | 1,692,772 |
(1)Amount includes post-closing purchase price adjustments related to the Corporation's acquisitions of WSC and I&C Solutions.

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