XML 48 R37.htm IDEA: XBRL DOCUMENT
v3.26.1

NET SALES (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2026
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following tables present the disaggregation of net sales from contracts with the Company's customers for the three and six months ended June 30, 2026 and 2025:
Three Months Ended June 30, 2026 | Defense and Space Technologies |  | Starlab Space Stations |  | Eliminations |  | Total
U.S. Government | $ | 49,148 |  |  | $ | — |  |  | $ | — |  |  | $ | 49,148 |
International Government | (3) |  |  | — |  |  | — |  |  | (3) |
Commercial | 4,066 |  |  | — |  |  | (465) |  |  | 3,601 |
Total net sales | $ | 53,211 |  |  | $ | — |  |  | $ | (465) |  |  | $ | 52,746 |
Three Months Ended June 30, 2025 | Defense and Space Technologies |  | Starlab Space Stations |  | Eliminations |  | Total
U.S. Government | $ | 42,070 |  |  | $ | — |  |  | $ | — |  |  | $ | 42,070 |
International Government | 40 |  |  | — |  |  | — |  |  | 40 |
Commercial | 3,954 |  |  | — |  |  | (390) |  |  | 3,564 |
Total net sales | $ | 46,064 |  |  | $ | — |  |  | $ | (390) |  |  | $ | 45,674 |
Six Months Ended June 30, 2026 | Defense and Space Technologies |  | Starlab Space Stations |  | Eliminations |  | Total
U.S. Government | $ | 78,863 |  |  | $ | — |  |  | $ | — |  |  | $ | 78,863 |
International Government | 53 |  |  | — |  |  | — |  |  | 53 |
Commercial | 10,421 |  |  | — |  |  | (1,345) |  |  | 9,076 |
Total net sales | $ | 89,337 |  |  | $ | — |  |  | $ | (1,345) |  |  | $ | 87,992 |
Six Months Ended June 30, 2025 | Defense and Space Technologies |  | Starlab Space Stations |  | Eliminations |  | Total
U.S. Government | $ | 70,956 |  |  | $ | — |  |  | $ | — |  |  | $ | 70,956 |
International Government | 136 |  |  | — |  |  | — |  |  | 136 |
Commercial | 10,445 |  |  | — |  |  | (1,356) |  |  | 9,089 |
Total net sales | $ | 81,537 |  |  | $ | — |  |  | $ | (1,356) |  |  | $ | 80,181 |
The revenue based on geographic location of customers is as follows:
| Three Months Ended |  | Six Months Ended
| June 30, 2026 |  | June 30, 2025 |  | June 30, 2026 |  | June 30, 2025
U.S. | $ | 51,530 |  |  | $ | 42,909 |  |  | $ | 83,565 |  |  | $ | 73,189 |
International | 1,216 |  |  | 2,765 |  |  | 4,427 |  |  | 6,992 |
Total net sales | $ | 52,746 |  |  | $ | 45,674 |  |  | $ | 87,992 |  |  | $ | 80,181 |
Schedule of Contract Asset and Liability | The following table presents the Company’s contract assets and liabilities:
| June 30, 2026 |  | December 31, 2025
Contract assets (current and non-current) | $ | 41,948 |  |  | $ | 40,208 |
Contract liabilities (current and non-current) | $ | 30,426 |  |  | $ | 32,237 |
Schedule of EAC Adjustments | The below table summarizes the favorable (unfavorable) impact of the net estimate at completion (“EAC”) adjustments for the following periods:
| Three Months Ended |  | Six Months Ended
(dollars in thousands, except per share data) | June 30, 2026 |  | June 30, 2025 |  | June 30, 2026 |  | June 30, 2025
Net EAC adjustments | $ | (4,220) |  |  | $ | (3,005) |  |  | $ | (11,651) |  |  | $ | (5,301) |
Net sales | $ | (1,912) |  |  | $ | (2,824) |  |  | $ | (8,963) |  |  | $ | (4,794) |
Basic net loss per share | $ | (0.10) |  |  | $ | (0.20) |  |  | $ | (0.35) |  |  | $ | (0.46) |
Diluted net loss per share | $ | (0.10) |  |  | $ | (0.20) |  |  | $ | (0.35) |  |  | $ | (0.46) |

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-9 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-8 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 250 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-7 + Details
Name: | us-gaap_ScheduleOfErrorCorrectionsAndPriorPeriodAdjustmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration