Intangible Assets, Net

6 Months Ended

Jun. 30, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Note 5. Intangible Assets, Net

Intangibles assets, net, consists of the following (in thousands):


	June 30, 2026			December 31, 2025
EAS contracts	$	25,770		$	25,770
Tradenames and trademarks		8,340			8,340
Software		3,122			3,122
Other intangibles		225			225
Intangible assets, gross		37,457			37,457
Accumulated amortization		(18,857	)		(17,390	)
Intangible assets, net	$	18,600		$	20,067

The Company recorded amortization expense of $0.9 million and $0.7 million for the three months ended June 30, 2026 and 2025, respectively. The Company recorded amortization expense of $1.6 million for both the six months ended June 30, 2026 and 2025. Amortization expense is recognized as a component of Depreciation and amortization expense in the accompanying Condensed Consolidated Statements of Operations.

Expected future amortization as of June 30, 2026 is as follows (in thousands):


	Amount
Remainder of 2026	$	1,449
2027		2,764
2028		2,577
2029		2,577
2030		2,577
Thereafter		6,656
Total	$	18,600