v3.26.1
Segments (Tables)
 9 Months Ended
Jun. 27, 2026
Segment Reporting, Descriptive Information [Abstract]  
Segment Information and Reconciliation to Consolidated Amounts
Disaggregation of net sales by segment for the three and nine months ended June 27, 2026 and June 28, 2025 are as follows:
Three Months EndedNine Months Ended
Market TypeJune 27,
2026		June 28,
2025		June 27,
2026		June 28,
2025
Net sales:
Space$127,292 $118,664 $377,712 $348,869 
Defense208,803 169,041 596,254 456,804 
Space and Defense336,095 287,705 973,966 805,673 
Original Equipment Manufacturers
181,764 177,110 542,944 508,483 
Aftermarket63,400 47,552 185,120 143,448 
Military Aircraft245,164 224,662 728,064 651,931 
Original Equipment Manufacturers
158,538 133,604 492,671 410,329 
Aftermarket95,031 84,051 275,748 241,379 
Commercial Aircraft253,569 217,655 768,419 651,708 
Energy40,116 34,481 107,711 101,699 
Industrial Automation129,728 106,168 369,879 297,345 
Simulation and Test35,893 36,289 104,652 106,598 
Medical75,980 62,622 216,147 196,532 
Industrial281,717 239,560 798,389 702,174 
Net sales$1,116,545 $969,582 $3,268,838 $2,811,486 
We report results to our CODM under our four segments identified as Space and Defense, Military Aircraft, Commercial Aircraft and Industrial. Disaggregation of operating results by segment and reconciliations to consolidated amounts are as follows:

Three Months EndedNine Months Ended
(dollars in thousands)June 27,
2026		June 28,
2025		June 27,
2026		June 28,
2025
Net sales:
Space and Defense$336,095 $287,705 $973,966 $805,673 
Military Aircraft245,164 224,662 728,064 651,931 
Commercial Aircraft253,569 217,655 768,419 651,708 
Industrial281,717 239,560 798,389 702,174 
Total net sales$1,116,545 $969,582 3,268,838 2,811,486 
Cost of sales:
Space and Defense$229,334 $205,751 $681,545 $585,030 
Military Aircraft178,235 168,673 538,680 484,223 
Commercial Aircraft188,845 167,370 608,692 514,971 
Industrial172,885 155,119 510,880 450,748 
Total cost of sales$769,299 $696,913 $2,339,797 $2,034,972 
Inventory write-down:
Space and Defense$— $— $— $449 
Military Aircraft— 1,857 — 1,857 
Commercial Aircraft— — — — 
Industrial— 3,982 — 5,682 
Total inventory write-down$— $5,839 $— $7,988 
Research and development:
Space and Defense$12,150 $6,353 $29,881 $17,623 
Military Aircraft7,448 5,439 18,738 18,385 
Commercial Aircraft4,466 1,944 9,007 7,126 
Industrial8,976 8,170 26,710 26,858 
Total research and development$33,040 $21,906 $84,336 $69,992 
Selling, general and administrative:
Space and Defense$40,388 $36,724 $120,375 $101,808 
Military Aircraft23,785 30,761 75,637 82,759 
Commercial Aircraft21,649 16,904 55,003 47,774 
Industrial48,843 43,952 141,503 132,645 
Corporate expenses10,137 6,758 27,842 24,162 
Equity-based compensation expense6,187 4,649 15,912 12,669 
Total selling, general and administrative$150,989 $139,748 $436,272 $401,817 
Other operating (income) expenses:
Space and Defense$1,493 $514 $3,400 $842 
Military Aircraft(252)(414)(1,377)(964)
Commercial Aircraft129 (588)(493)(1,302)
Industrial1,901 5,160 1,004 10,406 
Total other operating expenses$3,271 $4,672 $2,534 $8,982 
Three Months EndedNine Months Ended
June 27,
2026		June 28,
2025		June 27,
2026		June 28,
2025
Operating profit:
Space and Defense$52,730 $38,363 $138,765 $99,921 
Military Aircraft35,948 18,346 96,386 65,671 
Commercial Aircraft38,480 32,025 96,210 83,139 
Industrial49,112 23,177 118,292 75,835 
Total operating profit176,270 111,911 449,653 324,566 
Deductions from operating profit:
Interest expense15,778 17,790 48,513 53,586 
Equity-based compensation expense6,187 4,649 15,912 12,669 
Non-service pension expense1,137 1,970 3,414 5,855 
Corporate and other expenses, net15,744 11,149 34,357 29,610 
Earnings before income taxes$137,424 $76,353 $347,457 $222,846 
Depreciation and amortization:
Space and Defense$8,479 $6,091 $22,808 $17,414 
Military Aircraft11,215 8,687 31,165 25,027 
Commercial Aircraft5,266 4,570 14,081 13,746 
Industrial7,131 6,457 19,597 18,933 
Corporate57 35 130 128 
Total depreciation and amortization$32,148 $25,840 $87,781 $75,248 
Capital expenditures:
Space and Defense$9,254 $12,468 $33,589 $42,784 
Military Aircraft8,862 7,682 28,568 26,935 
Commercial Aircraft3,164 6,033 15,646 13,588 
Industrial6,180 6,450 15,822 19,667 
Corporate54 26 67 67 
Total capital expenditures$27,514 $32,659 $93,692 $103,041 
Segment results exclude intercompany sales as those activities are eliminated in consolidation and are not considered in assessing the performance of each segment. Other segment operating income and expenses include restructuring, asset impairments, fair value adjustments, gains or losses on business disposals, royalty income and miscellaneous income and expenses.
Sales by Major Customer Type
Three Months EndedNine Months Ended
Customer TypeJune 27,
2026		June 28,
2025		June 27,
2026		June 28,
2025
Net sales:
Commercial$53,395 $92,046 $162,448 $183,155 
U.S. Government (including OEM)226,668 164,443 651,745 538,987 
Other56,032 31,216 159,773 83,531 
Space and Defense336,095 287,705 973,966 805,673 
U.S. Government (including OEM)187,942 165,083 560,342 484,924 
Other57,222 59,579 167,722 167,007 
Military Aircraft
245,164 224,662 728,064 651,931 
Commercial230,900 206,780 724,245 621,988 
Other22,669 10,875 44,174 29,720 
Commercial Aircraft
253,569 217,655 768,419 651,708 
Commercial278,101 229,089 787,511 685,016 
U.S. Government (including OEM)1,380 2,308 3,087 5,005 
Other2,236 8,163 7,791 12,153 
Industrial281,717 239,560 798,389 702,174 
Commercial562,396 527,915 1,674,204 1,490,159 
U.S. Government (including OEM)415,990 331,834 1,215,174 1,028,916 
Other138,159 109,833 379,460 292,411 
Net sales$1,116,545 $969,582 $3,268,838 $2,811,486 
Revenue Recognition Method
Three Months EndedNine Months Ended
Revenue Recognition MethodJune 27,
2026		June 28,
2025		June 27,
2026		June 28,
2025
Net sales:
Over-time$295,356 $254,222 $859,072 $720,254 
Point in time40,739 33,483 114,894 85,419 
Space and Defense336,095 287,705 973,966 805,673 
Over-time212,214 184,720 627,291 542,353 
Point in time32,950 39,942 100,773 109,578 
Military Aircraft245,164 224,662 728,064 651,931 
Over-time182,341 142,789 570,565 458,863 
Point in time71,228 74,866 197,854 192,845 
Commercial Aircraft253,569 217,655 768,419 651,708 
Over-time27,204 27,440 71,831 82,680 
Point in time254,513 212,120 726,558 619,494 
Industrial281,717 239,560 798,389 702,174 
Over-time717,115 609,171 2,128,759 1,804,150 
Point in time399,430 360,411 1,140,079 1,007,336 
Net sales$1,116,545 $969,582 $3,268,838 $2,811,486