Significant Accounting Policies (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Accounting Policies [Abstract] |
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| Schedule of Changes In Accumulated Other Comprehensive Income By Components |
The following table displays the changes in accumulated other comprehensive income (loss), net of taxes, in the amount of $157,499, $82,095 and $53,761, for the years ended December 31, 2025, 2024 and 2023, respectively, by components: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Unrealized gains (losses) on derivative instruments | | | | Unrealized gains (losses) with respect to pension and post-retirement benefit plans | | Foreign currency translation differences | | Total | Balance as of December 31, 2022 | | $ | (36,434) | | | | | $ | 31,148 | | | $ | (66,272) | | | $ | (71,558) | | Other comprehensive income (loss)
before reclassifications | | (112,641) | | | | | 88,686 | | | 4,441 | | | (19,514) | | | Amount reclassified from accumulated other comprehensive income (loss) | | 97,444 | | | | | (24,169) | | | — | | | 73,275 | | | Net current-period other comprehensive income (loss) | | (15,197) | | | | | 64,517 | | | 4,441 | | | 53,761 | | Balance as of December 31, 2023 | | $ | (51,631) | | | | | $ | 95,665 | | | $ | (61,831) | | | $ | (17,797) | | | Other comprehensive income (loss) before reclassifications | | 42,653 | | | | | 75,218 | | | (17,951) | | | 99,920 | | | Amount reclassified from accumulated other comprehensive income (loss) | | 25,246 | | | | | (43,071) | | | — | | | (17,825) | | | Net current-period other comprehensive income (loss) | | 67,899 | | | | | 32,147 | | | (17,951) | | | 82,095 | | Balance as of December 31, 2024 | | $ | 16,268 | | | | | $ | 127,812 | | | $ | (79,782) | | | $ | 64,298 | | | Other comprehensive income (loss) before reclassifications | | (34,241) | | | | | (10,479) | | | 22,421 | | | (22,299) | | | Amount reclassified from accumulated other comprehensive income (loss) | | (85,314) | | | | | (49,886) | | | — | | | (135,200) | | | Net current-period other comprehensive income (loss) | | (119,555) | | | | | (60,365) | | | 22,421 | | | (157,499) | | Balance as of December 31, 2025 | | $ | (103,287) | | | | | $ | 67,447 | | | $ | (57,361) | | | $ | (93,201) | |
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| Schedule Of Estimated Useful Life Of Assets |
Depreciation is calculated by the straight-line method over the estimated useful life of the assets at the following annual rates: | | | | | | | | | | | | | | % | | | Buildings and leasehold improvements (*) | 2%-17% | | | | Instruments, machinery and equipment | 6%-32% | | | | Office furniture and other | 7%-11% | | | | Motor vehicles and airplanes | 13%-17% | | (Mainly 15%) |
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| Income Statement Impact of Cumulative Catch-Up Adjustments |
The aggregate cumulative catch-up adjustment in EAC estimates on significant contracts had the following favorable/ (unfavorable) impact on the Company's operating results:
The Company's operating results included cumulative catch-up adjustment in EAC resulting from changes in performance cost estimates to decrease of approximately $98,800 (1.65% of cost of revenues), a decrease of $78,800 (1.52% of cost of revenues) and a decrease of $51,000 (1.14% of cost of revenue) for the years ended December 31, 2025, 2024 and 2023, respectively. These adjustments changed the Company's net income by approximately $87,500 (decrease of $1.86 per diluted share), $69,800 (decrease of $1.56 per diluted share) and $44,700 (decrease of $1.00 per diluted share) for the years ended December 31, 2025, 2024 and 2023, respectively.
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| Schedule of Disaggregation of Revenue |
Disaggregation of revenue: Revenue by products and services was as follows: | | | | | | | | | | | | | | | | | | | | Year ended December 31, 2025 | | Year ended December 31, 2024 | | Year ended December 31, 2023 | | | Revenue from sale of products | $ | 7,298,232 | | | $ | 6,222,939 | | | $ | 5,412,455 | | | | Service revenue | 640,395 | | | 604,932 | | | 562,289 | | | | $ | 7,938,627 | | | $ | 6,827,871 | | | $ | 5,974,744 | | |
Note 2 - SIGNIFICANT ACCOUNTING POLICIES (Cont.)
S. REVENUE RECOGNITION (Cont.)
Revenue by transfer type was as follows: | | | | | | | | | | | | | | | | | | | Year ended December 31, 2025 | | Year ended December 31, 2024 | | Year ended December 31, 2023 | | Over time | $ | 4,723,715 | | | $ | 4,119,580 | | | $ | 3,987,097 | | | Point in time | 3,214,912 | | | 2,708,291 | | | 1,987,647 | | | $ | 7,938,627 | | | $ | 6,827,871 | | | $ | 5,974,744 | |
Revenue by customers was as follows: | | | | | | | | | | | | | Year ended December 31, 2025 | | Year ended December 31, 2024 | Israel Government Authorities (1,2) | $ | 2,302,025 | | | $ | 1,755,695 | | US Government (2) | 1,206,104 | | | 1,022,277 | | | Other Governments | 3,904,658 | | | 3,496,079 | | | Commercial sales and other | 525,840 | | | 553,820 | | | $ | 7,938,627 | | | $ | 6,827,871 | |
(1) Including U.S. Foreign Military Financing sales (2) Including indirect sales
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| Schedule Of Warranty Liability |
Changes in the Company’s provision for warranty, which is included mainly in other payables and accrued expenses in the balance sheet, are as follows: | | | | | | | | | | | | | | 2025 | | 2024 | | Balance, at January 1 | $ | 81,441 | | | $ | 88,475 | | | | | | | Warranties issued during the year | 16,754 | | | 18,942 | | | Reduction due to expired warranties or claims during the year | (24,053) | | | (25,594) | | | | | | | Reduction due to deconsolidation of a subsidiary | — | | | (382) | | | Balance, at December 31 | $ | 74,142 | | | $ | 81,441 | |
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| Schedule Of Assets And Liabilities Measured At Fair Value On Recurring Basis |
Assets and liabilities measured at fair value on a recurring basis are summarized below:
Fair value measurement at December 31, 2025 using: | | | | | | | | | | | | | | | | | | | | Quoted Prices
in Active
Markets for
Identical Assets
(Level 1) | | Significant
Other
Observable
Inputs
(Level 2) | | Significant
Unobservable
Inputs
(Level 3) | | Description of Assets | | | | | | | | | | | | | | | | | | | | | | | | | Foreign currency derivatives | $ | — | | | $ | 88,388 | | | $ | — | | | | | | | | | Cross-currency interest rate swap | — | | | 1,812 | | | — | | | | | | | | | Investments elected to be accounted for using the fair value method | — | | | — | | | 13,561 | | | Liabilities | | | | | | Contingent purchase obligation (*) | — | | | — | | | (13,035) | | | Foreign currency derivatives | — | | | (92,767) | | | — | | | | | | | | | Total | $ | — | | | $ | (2,567) | | | $ | 526 | |
(*) for the main change during the year please refer to Note 1(D)(6).
Fair value measurement at December 31, 2024 using: | | | | | | | | | | | | | | | | | | | | Quoted Prices
in Active
Markets for
Identical Assets
(Level 1) | | Significant
Other
Observable
Inputs
(Level 2) | | Significant
Unobservable
Inputs
(Level 3) | | Description of Assets | | | | | | | | | | | | | | | | | | | Foreign currency derivatives | $ | — | | | $ | 106,932 | | | $ | — | | | | | | | | | Premises evacuation building input index receivable | — | | | — | | | 22,587 | | | Investments elected to be accounted for using the fair value method | — | | | — | | | 24,862 | | | Liabilities | | | | | | | Contingent purchase obligation | — | | | — | | | (20,564) | | | Foreign currency derivatives | — | | | (23,741) | | | — | | | Cross-currency interest rate swap | — | | | (29,202) | | | — | | | Total | $ | — | | | $ | 53,989 | | | $ | 26,885 | |
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| Schedule of Supplier Finance Program |
As of December 31, 2025 and 2024 the amount of supplier finance obligation was as follows: | | | | | | | | | | | | December 31, 2025 | December 31, 2024 | | | | Opening balance | $ | 241,769 | | $ | 149,000 | | | | | Additions (new agreements) | 280,818 | | 143,897 | | | | | Payments | (253,559) | | (51,128) | | | | | | | | | | | | | | | Ending balance | $ | 269,028 | | $ | 241,769 | | | |
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