v3.26.1
Organization and Significant Accounting Policies (Tables)
3 Months Ended
Aug. 01, 2026
Organization and Significant Accounting Policies  
Schedule of revenue by category

The following tables present the Company’s revenue disaggregated by operating group, contract type, customer category and geographic location (in thousands).

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​

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​

​

​

 

Three Months Ended

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​

 

August 1,

​

August 2,

​

Revenue by operating group

  ​ ​ ​

2026

  ​ ​ ​

2025

​

Uncrewed Aircraft Systems

​

$

120,206

​

$

70,243

​

Precision Strike and Defense Systems

​

​

197,132

​

​

182,438

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Other

​

​

28,631

​

​

32,643

​

Space and Directed Energy

​

​

51,509

​

​

70,966

​

Cyber and Mission Solutions

​

​

83,012

​

​

98,386

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Total revenue

​

$

480,490

​

$

454,676

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​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

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​

  ​ ​ ​

August 1,

​

August 2,

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Revenue by contract type

​

2026

  ​ ​ ​

2025

​

FFP

​

$

349,350

​

$

298,977

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Cost Plus

​

​

103,234

​

​

118,928

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T&M

 

 

27,906

​

 

36,771

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Total revenue

​

$

480,490

​

$

454,676

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​

​

​

​

​

​

​

​

​

​

Three Months Ended

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​

  ​ ​ ​

August 1,

​

August 2,

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Revenue by customer category

​

2026

  ​ ​ ​

2025

​

U.S. government

​

$

386,805

​

$

395,337

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Non-U.S. government

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​

93,685

​

​

59,339

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Total revenue

​

$

480,490

​

$

454,676

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​

​

​

​

​

​

​

​

​

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Three Months Ended

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​

​

August 1,

​

August 2,

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Revenue by geographic location

​

2026

  ​ ​ ​

2025

​

Domestic

​

$

373,630

​

$

347,139

​

International

​

​

106,860

​

​

107,537

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Total revenue

​

$

480,490

​

$

454,676

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Schedule of revenue percentage by recognition method

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Three Months Ended

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​

​

August 1,

​

August 2,

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Revenue percentage by recognition method

​

2026

  ​ ​ ​

2025

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Over time

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67%

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​

75%

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Point in time

​

​

33%

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​

25%

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Total revenue

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​

100%

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​

100%

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Schedule of reconciliation of basic to diluted shares

The reconciliation of basic to diluted shares is as follows (in thousands except share data):

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Three Months Ended

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​

  ​ ​ ​

August 1, 2026

  ​ ​ ​

August 2, 2025

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Net loss

​

$

(5,066)

​

$

(67,370)

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Denominator for basic loss per share:

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​

​

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Weighted average common shares

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49,822,595

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46,882,350

 

Dilutive effect of employee stock options, restricted stock and restricted stock units

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—

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—

 

Denominator for diluted loss per share

​

​

49,822,595

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​

46,882,350

​