Annual report [Section 13 and 15(d), not S-K Item 405]

PROPERTY AND EQUIPMENT, NET (Tables)

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PROPERTY AND EQUIPMENT, NET (Tables)
12 Months Ended
Dec. 31, 2024
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, 2024

December 31, 2023

Tooling and equipment

 

5 – 15

$

17,481

$

16,024

Furniture and other equipment

 

3 – 15

 

13,985

 

12,076

Computer software

 

3 – 5

 

2,555

 

2,374

Leasehold improvements

 

2 – 15

 

25,527

 

16,269

Equipment under capital lease

 

-

 

-

 

192

Flight equipment held for R&D

1

8,383

7,784

 

67,931

 

54,719

Less accumulated depreciation

 

(31,600)

 

(27,027)

$

36,331

$

27,692

Schedule of depreciation expense on property, plant and equipment

Depreciation expense was as follows (in thousands):

Year ended December 31, 

2024

2023

2022

Depreciation expense

$

5,501

$

3,736

$

2,242