Colorado Springs is rapidly becoming a national hub for the defense and tech industries, with companies like Zivaro, Intuitive, and Entegris leading the charge. These expansions are set to bring over 3,800 new jobs to the area in the next several years, fueling economic growth and further solidifying the region’s role in national security. Entegris alone is building a new 130,000-square-foot plant, part of a $600 million investment that will bring hundreds of jobs to the city.
Zivaro has already begun hiring, with plans to add 304 employees by 2030 to support projects related to Space Command and Control. Meanwhile, Intuitive, a key player in space defense and engineering, is actively expanding its operations with new hires expected into 2025. With strong backing from state and local incentives, Colorado Springs continues to attract top-tier defense companies, making it a key player in the future of U.S. military technology and cybersecurity.
Layoffs: Intel
Intel is making a bold move to cut 15% of its workforce, impacting around 15,000 employees, as part of a larger effort to slash $10 billion in spending by 2025. The news comes after a lackluster second-quarter earnings report and a challenging outlook for the rest of the year. CEO Pat Gelsinger laid it out plainly in a memo, stating, “Our costs are too high, our margins are too low,” as the company grapples with the growing pains of missing out on the AI boom, which has fueled massive growth for competitors like Nvidia. Despite being a pioneer in the CPU chip revolution 25 years ago, Intel has struggled to keep pace with newer technologies like AI, leading to a $24 billion revenue decline from 2020 to 2023. The layoffs are part of a broader strategy to reset the company’s financial trajectory, and Intel is offering voluntary departures and enhanced retirement options to soften the blow.
Hiring: Lockheed Martin
Lockheed Martin’s Fort Worth operation is set for significant growth following the announcement of three new deals totaling over $5 billion, which will bolster the local aerospace workforce. These contracts include a $3.91 billion agreement for F-35 training systems, where about 30% of the work will be handled in Fort Worth. Additionally, a $1.01 billion contract modification for F-35 engineering and logistics support, and a $194.26 million deal for depot activation and repairs, will further increase Fort Worth’s role. This surge in contracts reinforces Lockheed Martin’s standing as a major employer in the Dallas-Fort Worth area, home to around 95,000 aerospace jobs. With this infusion of work, the Fort Worth site is poised to see continued hiring and expansion as it helps drive the future of defense and aerospace innovation.
Cleared Employer at Work: CISA
Are you interested in a career in cyber? Check out open positions at CISA today: www.cisa.gov/careers.
SPONSORED CONTENT: This content is written on or behalf of our Sponsor.
Opportunity to Watch
CACI International Inc. has announced a definitive agreement to acquire Azure Summit Technology for $1.275 billion in an all-cash deal. The acquisition strengthens CACI’s portfolio in national security, particularly in intelligence, surveillance, and reconnaissance (ISR), electronic warfare (EW), and signals intelligence (SIGINT). Azure Summit’s expertise in high-performance radio frequency (RF) technology will enhance CACI’s mission to address critical DoD challenges. CACI’s President and CEO John Mengucci said that the acquisition will be immediately accretive and aligns with the company’s flexible capital deployment strategy. This move also promises new career opportunities for Azure Summit employees and benefits for mission-focused customers. The deal is expected to close in the second quarter of fiscal year 2025, pending regulatory approvals.
