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INVENTORY

12 Months Ended

Dec. 31, 2022

Inventory Disclosure [Abstract]

INVENTORY

NOTE 4 - INVENTORY

Inventory is composed of the following:

		December 31,
		2022				2021
Raw materials and components		$	15,792			$	13,741
Work in progress			14,525				11,985
Spare parts			14,618				13,462
Finished goods			824				1,815
Total inventory (**)		$	45,759			$	41,003

(**) The total amount of Rotables included in the Company spare parts inventory for the years ended December 31, 2022 and 2021 were $8,193 and $8,623, respectively.

Inventories write down expenses due to slow inventory amounted to $1,284, $624 and $769 for the years ended December 31, 2022, 2021 and 2020, respectively.

The Company maintains a wide range of exchangeable units and other spare parts related to its products and services in various locations. Due to the long lead time of its suppliers and manufacturing cycles, the Company needs to forecast demand and commit significant resources towards these inventories. As such, the Company is subject to risks including excess inventory no longer relevant.

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- References

No definition available.

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- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI https://asc.fasb.org/topic&trid=2126998

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