| Schedule of Revenues and Operating Profit (Loss) per Segment |
| | | | | | | | | | | | | | | | | | | Year ended December 31, 2025 | | Year ended December 31, 2024 | | Year ended December 31, 2023 | | Revenues: | | | | | | | Aerospace | | | | | | | External customers | $ | 1,820,911 | | | $ | 1,780,483 | | | $ | 1,613,137 | | | Intersegment revenue | 246,051 | | | 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 revenue | 64,668 | | | 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 revenue | 202,308 | | | 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 revenue | 68,390 | | | 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 revenue | 16,427 | | | 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, 2025 | | Year ended December 31, 2024 | | Year ended December 31, 2023 | | Operating income: | | | | | | | Aerospace | $ | 151,927 | | | $ | 149,060 | | | $ | 125,455 | | | C4I and Cyber | 55,911 | | | 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 income | 723,403 | | | 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, 2025 | | Year ended December 31, 2024 | | Year 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, 2025 | | Year ended December 31, 2024 | | Year ended December 31, 2023 | | | | | | | | Aerospace | $ | 38,211 | | | $ | 34,958 | | | $ | 36,284 | | | C4I and Cyber | 8,931 | | | 9,440 | | | 12,551 | | | ISTAR and EW | 38,314 | | | 32,978 | | | 29,001 | | | Land | 39,437 | | | 34,813 | | | 34,747 | | | ESA | 44,351 | | | 44,307 | | | 50,526 | | | Unallocated corporate expenses | 2,190 | | | 1,895 | | | 1,690 | | | Total depreciation and amortization | $ | 171,434 | | | $ | 158,391 | | | $ | 164,799 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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