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Inventories
12 Months Ended
Dec. 31, 2024
Inventory Disclosure [Abstract]  
Inventories

NOTE 7: INVENTORIES

Inventories consist of the following:

 

 

As of December 31,

 

 

 

2024

 

 

2023

 

 

(in thousands)

 

Raw materials

 

$

662,887

 

 

$

477,841

 

Finished goods

 

 

2,529

 

 

 

2,893

 

Work in process

 

 

181,602

 

 

 

218,063

 

Total inventory

 

$

847,018

 

 

$

698,797

 

 

Inventory balances were net of reserves for slow moving, excess or obsolete engine and aircraft parts inventory of $110.2 million and $100.3 million as of December 31, 2024 and 2023, respectively.