Annual report pursuant to Section 13 and 15(d)

Inventory (Tables)

v3.23.1
Inventory (Tables)
12 Months Ended
Dec. 31, 2022
Inventory Disclosure [Abstract]  
Schedule of Inventory
As of December 31, 2022 and December 31, 2021, inventory is comprised of raw materials, labor, and overhead costs incurred for the production of the Company’s rockets:
As of
December 31,
2022
December 31,
2021
(In thousands)
Raw materials
$ 48,188  $ 18,890 
Work in process
$ 66,710  27,123 
Inventories, gross
$ 114,898  46,013 
Provision for contract losses against inventory
$ (35,370) (11,626)
Reserve for inventory excess and obsolescence
$ (2,466) (460)
Inventory
$ 77,062  $ 33,927