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INVENTORY

12 Months Ended

Dec. 31, 2023

Inventory Disclosure [Abstract]

INVENTORY

NOTE 4 - INVENTORY

Inventory is composed of the following:

		December 31,
		2023				2022
Raw materials and components		$	36,934			$	30,410
Work in progress			13,493				14,525
Finished goods			853				824
Total inventory (**)		$	51,280			$	45,759

(**) The total amount of Rotables included in the Company spare parts inventory for the years ended December 31, 2023 and 2022 were $10,481 and $8,193, respectively.

Inventories write down expenses due to slow inventory amounted to $187, $1,284 and $624 for the years ended December 31, 2023, 2022 and 2021, 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
-Topic 330
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//330/tableOfContent

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