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Segment Information (Tables) | 3 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Segment Revenues and Operating Profits (Losses) | Segment revenues, expenses and operating profits (losses) for the three months ended June 30, 2025 and 2024 were as follows:
|  | Three Months Ended |  |
|  | June 30, 2025 |  |  | June 30, 2024 |  |
|  | (In thousands)
Revenues: |  |  |  |  |  |  |
Communication services |  |  |  |  |  |  |
Aviation services |  | $ | 292,892 |  |  | $ | 257,155 |  |
Government satcom services |  |  | 191,768 |  |  |  | 183,873 |  |
Maritime services |  |  | 117,801 |  |  |  | 123,947 |  |
Fixed services and other services |  |  | 174,737 |  |  |  | 201,636 |  |
Total services |  |  | 777,198 |  |  |  | 766,611 |  |
Total products |  |  | 50,173 |  |  |  | 60,176 |  |
Total communication services revenues |  |  | 827,371 |  |  |  | 826,787 |  |
Defense and advanced technologies |  |  |  |  |  |  |
Total services |  |  | 49,172 |  |  |  | 54,110 |  |
Information security and cyber defense products |  |  | 102,148 |  |  |  | 55,507 |  |
Space and mission systems products |  |  | 87,973 |  |  |  | 73,306 |  |
Tactical networking products |  |  | 68,279 |  |  |  | 71,410 |  |
Advanced technologies and other products |  |  | 36,111 |  |  |  | 45,340 |  |
Total products |  |  | 294,511 |  |  |  | 245,563 |  |
Total defense and advanced technologies revenues |  |  | 343,683 |  |  |  | 299,673 |  |
Elimination of intersegment revenues |  |  | — |  |  |  | — |  |
Total revenues |  | $ | 1,171,054 |  |  | $ | 1,126,460 |  |
Expenses: |  |  |  |  |  |  |
Communication services |  |  |  |  |  |  |
Depreciation |  | $ | 246,749 |  |  | $ | 238,393 |  |
Stock-based compensation expense |  |  | 8,312 |  |  |  | 12,095 |  |
Other than acquired intangible assets amortization (1) |  |  | 14,009 |  |  |  | 10,740 |  |
Acquisition and transaction related expenses |  |  | 7,874 |  |  |  | 1,786 |  |
Other segment items (2) |  |  | 509,551 |  |  |  | 521,834 |  |
Total communication services expenses (3) |  |  | 786,495 |  |  |  | 784,848 |  |
Defense and advanced technologies |  |  |  |  |  |  |
Depreciation |  |  | 10,952 |  |  |  | 11,407 |  |
Stock-based compensation expense |  |  | 6,395 |  |  |  | 7,087 |  |
Other than acquired intangible assets amortization (1) |  |  | 4,893 |  |  |  | 4,449 |  |
Acquisition and transaction related expenses |  |  | 1,851 |  |  |  | 515 |  |
Other segment items (2) |  |  | 248,055 |  |  |  | 192,204 |  |
Total defense and advanced technologies expenses (3) |  |  | 272,146 |  |  |  | 215,662 |  |
Total expenses |  | $ | 1,058,641 |  |  | $ | 1,000,510 |  |
Operating profits (losses): |  |  |  |  |  |  |
Communication services |  | $ | 40,876 |  |  | $ | 41,939 |  |
Defense and advanced technologies |  |  | 71,537 |  |  |  | 84,011 |  |
Elimination of intersegment operating profits (losses) |  |  | — |  |  |  | — |  |
Segment operating profit (loss) before corporate |  |  | 112,413 |  |  |  | 125,950 |  |
Corporate: |  |  |  |  |  |  |
Amortization of acquired intangible assets |  |  | (65,741 | ) |  |  | (66,215 | ) |
Interest income |  |  | 14,290 |  |  |  | 22,792 |  |
Interest expense |  |  | (100,357 | ) |  |  | (105,776 | ) |
(Loss) gain on extinguishment of debt |  |  | (288 | ) |  | — |  |
Other income (expense), net |  |  | (5,164 | ) |  | — |  |
Income (loss) before income taxes |  | $ | (44,847 | ) |  | $ | (23,249 | ) |
(1) Including amortization of capitalized cloud computing implementation costs. (2) Other segment items include operating expenses such as cost of service and product revenues, selling, general and administrative expenses, IR&D expenses and related activities excluding allocable portion of depreciation, other than acquired intangibles amortization, stock-based compensation, and certain significant items that are disclosed under each segment. (3) For the three months ended June 30, 2025 and 2024, IR&D expense and related activities, including allocable depreciation, stock-based compensation and other expenses were $19.2 million and $25.8 million, respectively, for the communication services segment, and $15.0 million and $12.8 million, respectively, for the defense and advanced technologies segment.
Revenues by Geographic Area | Revenues by geographic area for the three months ended June 30, 2025 and 2024 were as follows:
|  | Three Months Ended |
|  | June 30, 2025 |  |  | June 30, 2024 |
|  | (In thousands) |
U.S. customers |  | $ | 815,333 |  |  | $ | 776,495 |
Non-U.S. customers (each country individually insignificant) |  |  | 355,721 |  |  |  | 349,965 |
Total revenues |  | $ | 1,171,054 |  |  | $ | 1,126,460 |

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