Inventories

6 Months Ended

Jun. 30, 2026

NOTE 5: INVENTORIES

Inventories consist of the following:


	June 30, 2026		December 31, 2025
	(in thousands)
Raw materials	$	679,077	$	701,091
Finished goods		2,473		2,895
Work in process		90,554		123,705
Total inventory	$	772,104	$	827,691

Inventory balances were net of reserves for slow moving, excess or obsolete engine and aircraft parts inventory of $111.8 million and $127.6 million as of June 30, 2026 and December 31, 2025, respectively.