Related Party Transactions |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | Related Party Transactions The Company has related party sales and purchases with Leonardo S.p.A., our indirect majority stockholder, and its other affiliates that occur in the regular course of business. Related party sales are included in revenues and were $3 million and $6 million for the three and six months ended June 30, 2026, respectively, and $3 million and $7 million for the three and six months ended June 30, 2025, respectively. Related party purchases are included in cost of revenues and were immaterial for the three and six months ended June 30, 2026 and 2025. The receivables with the indirect majority stockholder and its other affiliates of $6 million and $5 million, respectively, and payables of $4 million and $5 million, respectively, as of June 30, 2026 and December 31, 2025, are included in accounts receivable, net and accounts payable in our Consolidated Balance Sheets. In addition, there were related party balances in contract assets of $9 million and $16 million at June 30, 2026 and December 31, 2025, respectively. The Company has an investment of $21 million in the preferred stock of a private company that is included in other noncurrent assets in our Consolidated Balance Sheets. The Company holds two board seats in the investee. Related party sales to this company were immaterial for the three and six months ended June 30, 2026. The Company had immaterial related party balances in accounts receivable with this company at June 30, 2026. The Company had $6 million of related party balances in contract assets with this company at June 30, 2026 and December 31, 2025.
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