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Segment Information (Tables) | 6 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Segment Revenues, Expenses and Operating Profits (Losses) | Segment revenues, expenses and operating profits (losses) for the three and six months ended September 30, 2025 and 2024 were as follows:
|  | Three Months Ended |  |  | Six Months Ended |
|  | September 30, 2025 |  |  | September 30, 2024 |  |  | September 30, 2025 |  |  | September 30, 2024 |
|  | (In thousands) |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Communication services |  |  |  |  |  |  |  |  |  |  |  |
Aviation services |  | $ | 300,732 |  |  | $ | 261,987 |  |  | $ | 593,624 |  |  | $ | 519,142 |
Government satcom services |  |  | 195,800 |  |  |  | 179,875 |  |  |  | 387,568 |  |  |  | 363,748 |
Maritime services |  |  | 117,594 |  |  |  | 121,179 |  |  |  | 235,395 |  |  |  | 245,126 |
Fixed services and other services |  |  | 155,691 |  |  |  | 184,853 |  |  |  | 330,428 |  |  |  | 386,489 |
Total services |  |  | 769,817 |  |  |  | 747,894 |  |  |  | 1,547,015 |  |  |  | 1,514,505 |
Total products |  |  | 66,838 |  |  |  | 78,491 |  |  |  | 117,011 |  |  |  | 138,667 |
Total communication services revenues |  |  | 836,655 |  |  |  | 826,385 |  |  |  | 1,664,026 |  |  |  | 1,653,172 |
Defense and advanced technologies |  |  |  |  |  |  |  |  |  |  |  |
Total services |  |  | 51,693 |  |  |  | 50,420 |  |  |  | 100,865 |  |  |  | 104,530 |
Information security and cyber defense products |  |  | 94,928 |  |  |  | 83,548 |  |  |  | 197,076 |  |  |  | 139,055 |
Space and mission systems products |  |  | 78,231 |  |  |  | 78,782 |  |  |  | 166,204 |  |  |  | 152,088 |
Tactical networking products |  |  | 74,193 |  |  |  | 80,034 |  |  |  | 142,472 |  |  |  | 151,444 |
Advanced technologies and other products |  |  | 5,193 |  |  |  | 3,093 |  |  |  | 41,304 |  |  |  | 48,433 |
Total products |  |  | 252,545 |  |  |  | 245,457 |  |  |  | 547,056 |  |  |  | 491,020 |
Total defense and advanced technologies revenues |  |  | 304,238 |  |  |  | 295,877 |  |  |  | 647,921 |  |  |  | 595,550 |
Elimination of intersegment revenues |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total revenues |  | $ | 1,140,893 |  |  | $ | 1,122,262 |  |  | $ | 2,311,947 |  |  | $ | 2,248,722 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Communication services |  |  |  |  |  |  |  |  |  |  |  |
Depreciation |  | $ | 240,219 |  |  | $ | 261,070 |  |  | $ | 486,968 |  |  | $ | 499,463 |
Stock-based compensation expense |  |  | 12,490 |  |  |  | 13,483 |  |  |  | 20,802 |  |  |  | 25,578 |
Other than acquired intangible assets amortization (1) |  |  | 4,739 |  |  |  | 10,969 |  |  |  | 18,748 |  |  |  | 21,709 |
Acquisition and transaction related expenses |  |  | 3,480 |  |  |  | 29,685 |  |  |  | 11,354 |  |  |  | 31,471 |
Other segment items (2) |  |  | 504,342 |  |  |  | 511,645 |  |  |  | 1,013,893 |  |  |  | 1,033,479 |
Total communication services expenses (3) |  |  | 765,270 |  |  |  | 826,852 |  |  |  | 1,551,765 |  |  |  | 1,611,700 |
Defense and advanced technologies |  |  |  |  |  |  |  |  |  |  |  |
Depreciation |  |  | 12,451 |  |  |  | 11,731 |  |  |  | 23,403 |  |  |  | 23,138 |
Stock-based compensation expense |  |  | 7,632 |  |  |  | 9,300 |  |  |  | 14,027 |  |  |  | 16,387 |
Other than acquired intangible assets amortization (1) |  |  | 6,650 |  |  |  | 4,872 |  |  |  | 11,543 |  |  |  | 9,321 |
Acquisition and transaction related expenses |  |  | 1,600 |  |  |  | 4,865 |  |  |  | 3,451 |  |  |  | 5,380 |
Other segment items (2) |  |  | 246,446 |  |  |  | 223,296 |  |  |  | 494,501 |  |  |  | 415,500 |
Total defense and advanced technologies expenses (3) |  |  | 274,779 |  |  |  | 254,064 |  |  |  | 546,925 |  |  |  | 469,726 |
Total expenses |  | $ | 1,040,049 |  |  | $ | 1,080,916 |  |  | $ | 2,098,690 |  |  | $ | 2,081,426 |
Operating profits (losses): |  |  |  |  |  |  |  |  |  |  |  |
Communication services |  | $ | 71,385 |  |  | $ | (467 | ) |  | $ | 112,261 |  |  | $ | 41,472 |
Defense and advanced technologies |  |  | 29,459 |  |  |  | 41,813 |  |  |  | 100,996 |  |  |  | 125,824 |
Elimination of intersegment operating profits (losses) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Segment operating profit (loss) before corporate |  |  | 100,844 |  |  |  | 41,346 |  |  |  | 213,257 |  |  |  | 167,296 |
Corporate: |  |  |  |  |  |  |  |  |  |  |  |
Amortization of acquired intangible assets |  |  | (65,069 | ) |  |  | (66,024 | ) |  |  | (130,810 | ) |  |  | (132,239 | )
Interest income |  |  | 12,525 |  |  |  | 23,896 |  |  |  | 26,815 |  |  |  | 46,688 |
Interest expense |  |  | (93,487 | ) |  |  | (115,340 | ) |  |  | (193,844 | ) |  |  | (221,116 | )
(Loss) gain on extinguishment of debt, net |  | — |  |  |  | (3,200 | ) |  |  | (288 | ) |  |  | (3,200 | )
Other income (expense), net |  | — |  |  | — |  |  |  | (5,164 | ) |  | — |
Income (loss) before income taxes |  | $ | (45,187 | ) |  | $ | (119,322 | ) |  | $ | (90,034 | ) |  | $ | (142,571 | )
(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 and six months ended September 30, 2025, IR&D expense and related activities, including allocable depreciation, stock-based compensation and other expenses w ere $21.7 million and $40.8 million, respectively, for the communication services segment, and $20.6 million and $35.6 million, resp ectively, for the defense and advanced technologies segment. For the three and six months ended September 30, 2024, IR&D expense and related activities, including allocable depreciation, stock-based compensation and other expense s were $19.7 million and $45.5 million, respectively, for the communication services segment, and $13.7 million and $26.5 million, respectively, for the defen se and advanced technologies segment.
Revenues by Geographic Area | Revenues by geographic area for the three and six months ended September 30, 2025 and 2024 were as follows:
|  | Three Months Ended |  |  | Six Months Ended |
|  | September 30, 2025 |  |  | September 30, 2024 |  |  | September 30, 2025 |  |  | September 30, 2024 |
|  | (In thousands) |
U.S. customers |  | $ | 779,662 |  |  | $ | 776,785 |  |  | $ | 1,594,995 |  |  | $ | 1,553,280 |
Non-U.S. customers (each country individually insignificant) |  |  | 361,231 |  |  |  | 345,477 |  |  |  | 716,952 |  |  |  | 695,442 |
Total revenues |  | $ | 1,140,893 |  |  | $ | 1,122,262 |  |  | $ | 2,311,947 |  |  | $ | 2,248,722 |

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