| Schedule of Disaggregation of Revenue |
The following tables present the disaggregation of net sales from contracts with the Company's customers for the three and nine months ended September 30, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, 2026 | Defense and Space Technologies | | Starlab Space Stations | | Eliminations | | Total | | | | | U.S. Government | $ | 78,583 | | | $ | — | | | $ | — | | | $ | 78,583 | | | International Government | 31 | | | — | | | — | | | 31 | | | Commercial | 10,176 | | | — | | | (75) | | | 10,101 | | | Total net sales | $ | 88,790 | | | $ | — | | | $ | (75) | | | $ | 88,715 | |
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, 2025 | Defense and Space Technologies | | Starlab Space Stations | | Eliminations | | Total | | | | | U.S. Government | $ | 36,024 | | | $ | — | | | $ | — | | | $ | 36,024 | | | International Government | 77 | | | — | | | — | | | 77 | | | Commercial | 3,984 | | | — | | | (498) | | | 3,486 | | | Total net sales | $ | 40,085 | | | $ | — | | | $ | (498) | | | $ | 39,587 | |
| | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 30, 2026 | Defense and Space Technologies | | Starlab Space Stations | | Eliminations | | Total | | | | | U.S. Government | $ | 155,423 | | | $ | — | | | $ | — | | | $ | 155,423 | | | International Government | 84 | | | — | | | — | | | 84 | | | Commercial | 22,619 | | | — | | | (1,419) | | | 21,200 | | | Total net sales | $ | 178,126 | | | $ | — | | | $ | (1,419) | | | $ | 176,707 | |
| | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 30, 2025 | Defense and Space Technologies | | Starlab Space Stations | | Eliminations | | Total | | | | | U.S. Government | $ | 106,979 | | | $ | — | | | $ | — | | | $ | 106,979 | | | International Government | 213 | | | — | | | — | | | 213 | | | Commercial | 14,429 | | | — | | | (1,853) | | | 12,576 | | | Total net sales | $ | 121,621 | | | $ | — | | | $ | (1,853) | | | $ | 119,768 | |
The revenue based on geographic location of customers is as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | September 30, 2026 | | September 30, 2025 | | September 30, 2026 | | September 30, 2025 | | U.S. | $ | 86,167 | | | $ | 37,470 | | | $ | 169,732 | | | $ | 110,640 | | | International | 2,548 | | | 2,117 | | | 6,975 | | | 9,128 | | | Total net sales | $ | 88,715 | | | $ | 39,587 | | | $ | 176,707 | | | $ | 119,768 | |
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| Schedule of Contract Asset and Liability |
The following table presents the Company’s contract assets and liabilities: | | | | | | | | | | | | | September 30, 2026 | | December 31, 2025 | | Contract assets (current and non-current) | $ | 45,592 | | | $ | 40,208 | | | Contract liabilities (current and non-current) | $ | 113,975 | | | $ | 32,237 | |
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| Schedule of EAC Adjustments |
The below table summarizes the favorable (unfavorable) impact of the net estimate at completion (“EAC”) adjustments for the following periods:
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | (dollars in thousands, except per share data) | September 30, 2026 | | September 30, 2025 | | September 30, 2026 | | September 30, 2025 | | Net EAC adjustments | $ | (2,474) | | | $ | (4,272) | | | $ | (16,100) | | | $ | (10,457) | | | Net sales | $ | (1,011) | | | $ | (4,355) | | | $ | (8,635) | | | $ | (7,708) | | | Basic net loss per share | $ | (0.06) | | | $ | (0.15) | | | $ | (0.42) | | | $ | (0.53) | | | Diluted net loss per share | $ | (0.06) | | | $ | (0.15) | | | $ | (0.42) | | | $ | (0.53) | |
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