Item 2. Properties
ITEM 2. PROPERTIES.
At December 31, 2025, we owned approximately 50,000 square feet of floor space and leased approximately 120,000 square feet of floor space for total square feet of floor space of approximately 170,000 at three separate locations, primarily in the U.S., for operations, administration and various other uses. We own one hangar internationally and lease three hangars domestically. At December 31, 2025, we also leased approximately eleven acres of land domestically and one acre of land internationally. We have major operations at the following locations:
Corporate Headquarters: Belgrade, Montana
International Operations: Albacete, Spain
Other Locations: Huntsville, Alabama
We believe that our existing properties are in good operating condition and suitable for conducting our business. Substantially all of our assets, including aircraft and real property is subject to a lien in connection with our Credit Agreement.
Refer to “Note 16 – Leases” to the Consolidated Financial Statements contained within this Annual Report for information regarding commitments under leases.
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