PROPERTY AND EQUIPMENT, NET (Tables)

12 Months Ended

Dec. 31, 2025

PROPERTY AND EQUIPMENT, NET

Schedule of property and equipment, net

Property and equipment, net, consisted of the following (in thousands):


		Useful Life
		In Years		December 31, 2025			December 31, 2024
Tooling and equipment		5 – 15		$	18,967		$	17,481
Furniture and other equipment		3 – 15			14,589			13,985
Computer software		3 – 5			1,521			2,555
Leasehold improvements		2 – 15			28,008			25,527
Flight equipment held for R&D		2 – 8			-			8,383
					63,085			67,931
Less accumulated depreciation					(31,079)			(31,600)
				$	32,006		$	36,331

Schedule of depreciation expense

Depreciation expense was as follows (in thousands):


		Year Ended December 31,
		2025			2024			2023
Depreciation expense		$	5,178		$	5,501		$	3,736