v3.25.4

Segment Information (Tables) | 9 Months Ended
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Dec. 31, 2025
Segment Reporting [Abstract] |
Segment Revenues, Expenses and Operating Profits (Losses) | Segment revenues, expenses and operating profits (losses) for the three and nine months ended December 31, 2025 and 2024 were as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | December 31, 2025 |  |  | December 31, 2024 |  |  | December 31, 2025 |  |  | December 31, 2024 |
|  | (In thousands) |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Communication services |  |  |  |  |  |  |  |  |  |  |  |
Aviation services |  | $ | 303,693 |  |  | $ | 263,880 |  |  | $ | 897,317 |  |  | $ | 783,022 |
Government satcom services |  |  | 202,369 |  |  |  | 195,048 |  |  |  | 589,937 |  |  |  | 558,796 |
Maritime services |  |  | 114,949 |  |  |  | 118,895 |  |  |  | 350,344 |  |  |  | 364,021 |
Fixed services and other services |  |  | 144,565 |  |  |  | 181,162 |  |  |  | 474,993 |  |  |  | 567,651 |
Total services |  |  | 765,576 |  |  |  | 758,985 |  |  |  | 2,312,591 |  |  |  | 2,273,490 |
Total products |  |  | 59,766 |  |  |  | 61,362 |  |  |  | 176,777 |  |  |  | 200,029 |
Total communication services revenues |  |  | 825,342 |  |  |  | 820,347 |  |  |  | 2,489,368 |  |  |  | 2,473,519 |
Defense and advanced technologies |  |  |  |  |  |  |  |  |  |  |  |
Total services |  |  | 57,242 |  |  |  | 50,385 |  |  |  | 158,107 |  |  |  | 154,915 |
Information security and cyber defense products |  |  | 96,954 |  |  |  | 89,497 |  |  |  | 294,030 |  |  |  | 228,552 |
Space and mission systems products |  |  | 77,490 |  |  |  | 77,752 |  |  |  | 243,694 |  |  |  | 229,840 |
Tactical networking products |  |  | 93,900 |  |  |  | 78,528 |  |  |  | 236,372 |  |  |  | 229,972 |
Advanced technologies and other products |  |  | 6,117 |  |  |  | 7,258 |  |  |  | 47,421 |  |  |  | 55,691 |
Total products |  |  | 274,461 |  |  |  | 253,035 |  |  |  | 821,517 |  |  |  | 744,055 |
Total defense and advanced technologies revenues |  |  | 331,703 |  |  |  | 303,420 |  |  |  | 979,624 |  |  |  | 898,970 |
Elimination of intersegment revenues |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total revenues |  | $ | 1,157,045 |  |  | $ | 1,123,767 |  |  | $ | 3,468,992 |  |  | $ | 3,372,489 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Communication services |  |  |  |  |  |  |  |  |  |  |  |
Depreciation |  | $ | 248,673 |  |  | $ | 244,673 |  |  | $ | 735,641 |  |  | $ | 744,136 |
Stock-based compensation expense |  |  | 14,388 |  |  |  | 12,884 |  |  |  | 35,190 |  |  |  | 38,462 |
Other than acquired intangible assets amortization (1) |  |  | 9,175 |  |  |  | 10,289 |  |  |  | 27,923 |  |  |  | 31,998 |
Acquisition and transaction related expenses |  |  | 4,840 |  |  |  | 14,061 |  |  |  | 16,194 |  |  |  | 45,532 |
Other segment items (2) |  |  | 510,238 |  |  |  | 494,083 |  |  |  | 1,524,131 |  |  |  | 1,527,562 |
Total communication services expenses (3) |  |  | 787,314 |  |  |  | 775,990 |  |  |  | 2,339,079 |  |  |  | 2,387,690 |
Defense and advanced technologies |  |  |  |  |  |  |  |  |  |  |  |
Depreciation |  |  | 12,484 |  |  |  | 12,401 |  |  |  | 35,887 |  |  |  | 35,539 |
Stock-based compensation expense |  |  | 9,711 |  |  |  | 8,619 |  |  |  | 23,738 |  |  |  | 25,006 |
Other than acquired intangible assets amortization (1) |  |  | 5,190 |  |  |  | 4,545 |  |  |  | 16,733 |  |  |  | 13,866 |
Acquisition and transaction related expenses |  |  | 685 |  |  |  | 6,794 |  |  |  | 4,136 |  |  |  | 12,174 |
Other segment items (2) |  |  | 250,521 |  |  |  | 228,323 |  |  |  | 745,022 |  |  |  | 643,823 |
Total defense and advanced technologies expenses (3) |  |  | 278,591 |  |  |  | 260,682 |  |  |  | 825,516 |  |  |  | 730,408 |
Total expenses |  | $ | 1,065,905 |  |  | $ | 1,036,672 |  |  | $ | 3,164,595 |  |  | $ | 3,118,098 |
Operating profits (losses): |  |  |  |  |  |  |  |  |  |  |  |
Communication services |  | $ | 38,028 |  |  | $ | 44,357 |  |  | $ | 150,289 |  |  | $ | 85,829 |
Defense and advanced technologies |  |  | 53,112 |  |  |  | 42,738 |  |  |  | 154,108 |  |  |  | 168,562 |
Elimination of intersegment operating profits (losses) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Segment operating profit (loss) before corporate |  |  | 91,140 |  |  |  | 87,095 |  |  |  | 304,397 |  |  |  | 254,391 |
Corporate: |  |  |  |  |  |  |  |  |  |  |  |
Amortization of acquired intangible assets |  |  | (64,838 | ) |  |  | (65,847 | ) |  |  | (195,648 | ) |  |  | (198,086 | )
Interest income |  |  | 165,590 |  |  |  | 17,708 |  |  |  | 192,405 |  |  |  | 64,396 |
Interest expense |  |  | (87,478 | ) |  |  | (94,476 | ) |  |  | (281,322 | ) |  |  | (315,592 | )
(Loss) gain on extinguishment of debt, net |  |  | (11,647 | ) |  |  | (96,614 | ) |  |  | (11,935 | ) |  |  | (99,814 | )
Other income (expense), net |  |  | 114 |  |  |  | (9,976 | ) |  |  | (5,050 | ) |  |  | (9,976 | )
Income (loss) before income taxes |  | $ | 92,881 |  |  | $ | (162,110 | ) |  | $ | 2,847 |  |  | $ | (304,681 | )
(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 nine months ended December 31, 2025, IR&D expense and related activities, including allocable depreciation, stock-based compensation and other expenses were $26.7 million and $67.5 million, respectively, for the communication services segment, and $20.2 million and $55.9 million, respectively, for the defense and advanced technologies segment. For the three and nine months ended December 31, 2024, IR&D expense and related activities, including allocable depreciation, stock-based compensation and other expense s were $21.5 million and $66.9 million, respectively, for the communication services segment, and $15.2 million and $41.7 million, respectively, for the defen se and advanced technologies segment.
Revenues by Geographic Area | Revenues by geographic area for the three and nine months ended December 31, 2025 and 2024 were as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | December 31, 2025 |  |  | December 31, 2024 |  |  | December 31, 2025 |  |  | December 31, 2024 |
|  | (In thousands) |
U.S. customers |  | $ | 777,695 |  |  | $ | 774,383 |  |  | $ | 2,372,690 |  |  | $ | 2,327,663 |
Non-U.S. customers (each country individually insignificant) |  |  | 379,350 |  |  |  | 349,384 |  |  |  | 1,096,302 |  |  |  | 1,044,826 |
Total revenues |  | $ | 1,157,045 |  |  | $ | 1,123,767 |  |  | $ | 3,468,992 |  |  | $ | 3,372,489 |

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