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Inventories
3 Months Ended
Mar. 31, 2025
Inventory Disclosure [Abstract]  
Inventories

NOTE 6: INVENTORIES

Inventories consist of the following:

 

 

 

March 31, 2025

 

 

December 31, 2024

 

 

(in thousands)

 

Raw materials

 

$

716,157

 

 

$

662,887

 

Finished goods

 

 

2,712

 

 

 

2,529

 

Work in process

 

 

156,973

 

 

 

181,602

 

Total inventory

 

$

875,842

 

 

$

847,018

 

 

Inventory balances were net of reserves for slow moving, excess or obsolete engine and aircraft parts inventory of $113.4 million and $110.2 million as of March 31, 2025 and December 31, 2024, respectively.