v3.26.1
Major Customer And Geographic Information
 12 Months Ended
Dec. 31, 2025
Major Customer And Geographic Information [Abstract]  
Segment Disclosure, Major Customer And Geographic Information SEGMENT DISCLOSURE, MAJOR CUSTOMER AND GEOGRAPHIC INFORMATION
A.    SEGMENT DISCLOSURE:
The Company reports segment information based on a management approach. The management approach designates the internal reporting used by management for making decisions and assessing performance as the source of the Company’s reportable segments.
The Company’s President and Chief Executive Officer is our chief operating decision maker (“CODM”). The CODM assesses the performance of each operating segment using information about revenue and segment operating income that is defined as operating income generated at the segment level, excluding unallocated corporate income or expense and other operating income (expenses), net, such as sale of buildings or shares.
The Company’s CODM does not regularly review assets and liabilities information by reportable segments. Therefore, the Company does not report assets and liabilities information by segment.
The segments are encouraged to cooperate on a range of common projects performed by the Company. It is common for the reportable segments to provide their products to the same customers either through joint projects or by marketing and offering a combined and integrated solution containing a variety of capabilities, products, and technologies of the Company’s portfolio from various businesses or subsidiaries, all tailored to satisfy the customer’s or project’s specific requirements. Intersegment transactions are sales between segments and are eliminated in consolidation.

The following tables present information about the Company’s reported segment revenues and operating income for the periods indicated:
Year ended December 31, 2025Year ended December 31, 2024Year ended December 31, 2023
Revenues:
Aerospace
External customers$1,820,911 $1,780,483 $1,613,137 
Intersegment revenue246,051 255,805 260,144 
Total$2,066,962 $2,036,288 $1,873,281 
C4I and Cyber
External customers$866,205 $750,573 $668,414 
Intersegment revenue64,668 49,227 52,702 
Total$930,873 $799,800 $721,116 
ISTAR and EW
External customers$1,323,489 $1,118,628 $996,927 
Intersegment revenue202,308 199,399 182,500 
Total$1,525,797 $1,318,027 $1,179,427 
Land
External customers$2,250,354 $1,605,046 $1,241,023 
Intersegment revenue68,390 74,339 65,174 
Total$2,318,744 $1,679,385 $1,306,197 
ESA
External customers$1,677,668 $1,573,141 $1,455,243 
Intersegment revenue16,427 12,572 9,695 
Total$1,694,095 $1,585,713 $1,464,938 
Revenues
Total revenues (external customers and intersegment) for reportable segments$8,536,471 $7,419,213 $6,544,959 
Less -Intersegment revenue(597,844)(591,342)(570,215)
Total consolidated revenues$7,938,627 $6,827,871 $5,974,744 
Note 23 - SEGMENT DISCLOSURE, MAJOR CUSTOMER AND GEOGRAPHIC INFORMATION

A.    SEGMENT DISCLOSURE (Cont.):

Year ended December 31, 2025Year ended December 31, 2024Year ended December 31, 2023
Operating income:
Aerospace$151,927 $149,060 $125,455 
C4I and Cyber55,911 61,987 50,653 
ISTAR and EW                               129,121 96,110 134,882 
Land                                                      263,687 150,684 80,610 
ESA                                                122,757 56,199 (4,687)
Segment operating income723,403 514,040 386,913 
Unallocated corporate expenses and inter-company unrealized profit
(51,979)(24,987)(17,805)
Operating income 671,424 489,053 369,108 
Financial expenses, net (see note 25)
(138,618)(151,125)(137,827)
Other income (expenses), net (see note 26)29,109 3,818 (4,787)
Income before income taxes$561,915 $341,746 $226,494 


Year ended December 31, 2025Year ended December 31, 2024Year ended December 31, 2023
Aerospace
Revenues$2,066,962 $2,036,288 $1,873,281 
Research and development, net(107,600)(104,946)(107,883)
Other expenses (*)
(1,807,435)(1,782,282)(1,639,943)
Operating income$151,927 $149,060 $125,455 
C4I and Cyber
Revenues$930,873 $799,800 $721,116 
Research and development, net(71,073)(70,286)(72,663)
Other expenses (*)
(803,889)(667,527)(597,800)
Operating income$55,911 $61,987 $50,653 
ISTAR and EW
Revenues$1,525,797 $1,318,027 $1,179,427 
Research and development, net(103,405)(100,205)(87,112)
Other expenses (*)
(1,293,271)(1,121,712)(957,433)
Operating income$129,121 $96,110 $134,882 
Land
Revenues$2,318,744 $1,679,385 $1,306,197 
Research and development, net(165,100)(133,552)(85,604)
Other expenses (*)
(1,889,957)(1,395,149)(1,139,983)
Operating income$263,687 $150,684 $80,610 
ESA
Revenues$1,694,095 $1,585,713 $1,464,938 
Research and development, net(64,595)(54,685)(68,779)
Other expenses (*)
(1,506,743)(1,474,829)(1,400,846)
Operating income$122,757 $56,199 $(4,687)
Segment operating income
$723,403 $514,040 $386,913 



(*) Other expenses includes expenses of cost of revenues, marketing and selling and general and administrative.
Note 23 - SEGMENT DISCLOSURE, MAJOR CUSTOMER AND GEOGRAPHIC INFORMATION

A.    SEGMENT DISCLOSURE (Cont.):
Depreciation and amortization by segment:
Year ended December 31, 2025Year ended December 31, 2024Year ended December 31, 2023
Aerospace$38,211 $34,958 $36,284 
C4I and Cyber8,931 9,440 12,551 
ISTAR and EW38,314 32,978 29,001 
Land39,437 34,813 34,747 
ESA44,351 44,307 50,526 
Unallocated corporate expenses2,190 1,895 1,690 
Total depreciation and amortization$171,434 $158,391 $164,799 


Revenue are attributed to geographic areas based on the location of the end customers as follows:
 Year ended December 31, 2025Year ended December 31, 2024Year ended December 31, 2023
North America$1,659,290 $1,520,338 $1,417,742 
Asia-Pacific1,243,687 1,132,701 1,263,771 
Israel2,556,388 1,987,974 1,167,228 
Europe2,139,541 1,820,912 1,776,412 
Latin America99,033 150,013 120,700 
Other240,688 215,933 228,891 
 $7,938,627 $6,827,871 $5,974,744 


B.    MAJOR CUSTOMER DATA AS A PERCENTAGE OF TOTAL REVENUES:
 Year ended December 31, 2025Year ended December 31, 2024Year ended December 31, 2023
IMOD28%25%16%
U.S. Government15%15%17%


C.    LONG-LIVED ASSETS BY GEOGRAPHIC AREAS:

The Company's long-lived assets for the year ended December 31, 2025, 2024 and 2023, includes property plant and equipment and operating lease right of use assets, as follows:
 Year ended December 31, 2025Year ended December 31, 2024Year ended December 31, 2023
Israel$1,502,694 $1,396,297 $1,098,074 
U.S.285,771 298,984 307,239 
Other109,275 108,742 108,521 
 $1,897,740 $1,804,023 $1,513,834