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Karman Holdings Inc. reports developments tied to its space and defense systems business, including engineered payload protection and deployment systems, aerodynamic interstage systems, propulsion systems, and related manufacturing for missile defense, hypersonics, integrated defense, space and launch programs. Company news commonly covers earnings releases, backlog and demand commentary, production capacity investments, and program support for U.S. defense and commercial space customers.
Recurring updates also include completed acquisitions that expanded Karman into maritime defense systems through Seemann Composites and MSC, leadership changes, and capacity additions for launch systems and solid rocket motor nozzle assemblies. The company’s disclosures frame Karman as a supplier of critical subsystems across space, missile, defense and maritime applications.
Karman Space & Defense (NYSE: KRMN) reported record second quarter fiscal 2026 results, with revenue of $182.1 million, up 58.2% year over year, including 24.4% organic growth. Net income reached a record $14.0 million, up 106.1%, with diluted EPS of $0.11 versus $0.05.
The company delivered record non-GAAP adjusted EBITDA of $54.6 million, up 54.7%, and non-GAAP adjusted EPS of $0.14 versus $0.10. Backlog at June 30, 2026 was a record $1.3 billion, up 65% from fiscal 2025 year-end, with quarterly bookings of nearly $500 million across all end markets.
Karman agreed to acquire Walker Precision Engineering for approximately $94 million, expanding into the European defense market, and completed a debt repricing expected to reduce annual interest expense by about $4 million. The company raised full-year 2026 guidance to $730–$745 million in revenue and $215–$222.5 million in non-GAAP adjusted EBITDA.
Karman Space & Defense (NYSE: KRMN) will release its second quarter fiscal year 2026 financial results after market close on Thursday, August 6, 2026. Management will discuss results on a conference call and live audio webcast at 1:30 p.m. PDT, with replay available on the company’s investor relations website.
Karman Space & Defense (NYSE: KRMN) announced a $21.3 million contract from Northrop Grumman for the Proof of Manufacture phase of the U.S. Navy’s MK 54 Torpedo Fleet Exercise Section (FES) program.
The FES is a recoverable, non-explosive training configuration of the MK 54 lightweight torpedo, supporting anti-submarine warfare exercises, data collection, reuse, and reduced lifecycle training costs. The POM phase will validate design, manufacturing and testing processes and support transition to Low-Rate Initial Production and full system qualification prior to fleet fielding, according to the company.
Karman Space & Defense (NYSE: KRMN) agreed to acquire Glasgow-headquartered Walker Precision Engineering, a leading supplier to the European missile industry, for total consideration of approximately $94 million (£70 million). Walker provides integrated engineering, advanced materials design, precision machining, electroplating and electromechanical assemblies.
Walker’s products support missile seekers, guidance and control systems on more than 25 European tactical missile, air and defense programs. The deal gives Karman a European footprint alongside its 17 U.S. locations and is described as highly complementary in customers, IP and technology. Closing is expected in the third quarter of Karman’s fiscal year 2026, subject to customary closing conditions and regulatory approvals.
According to Karman, the acquisition is expected to expand access to current and next‑generation European and allied missile programs and be immediately accretive to revenue, backlog, adjusted EBITDA, adjusted EPS and cash flow.
S&P Dow Jones Indices announced that BrightSpring Health Services (NASD: BTSG) will move from the S&P SmallCap 600 to the S&P MidCap 400, replacing Chart Industries (NYSE: GTLS), effective before the market opens on July 17, 2026. Karman Holdings (NYSE: KRMN) will join the S&P SmallCap 600, replacing BrightSpring on the same date. These index changes follow Baker Hughes (NASD: BKR) agreeing to acquire Chart Industries in a transaction expected to close on July 16, 2026, subject to final closing conditions.
Karman Space & Defense (NYSE: KRMN) is investing $2.7 million to expand its Horsham, Pennsylvania facility, increasing capacity to rapidly develop and produce advanced material technologies and systems for the US Navy and allied defense forces.
The expansion, building on Karman’s acquisitions of Seemann Composites and Materials Sciences, focuses on more durable, high-performance coatings and survivability treatments for LCAC100 class propulsion components and other surface fleet needs. It also supports growing demand for unmanned airframe systems and precision launch and release technologies, leveraging legacy work such as Nulka Active Missile Decoy and Hellfire Dual-Rail Launcher Systems, and a new collaboration with Ideal Aerosmith’s Troublemaker long-range UAS. The project will create about 20 new high-tech jobs and retain 40 existing positions in the local advanced manufacturing economy.
Karman Space & Defense (NYSE:KRMN) appointed Stefan Knighton as its first Chief Information and Artificial Intelligence Officer, effective June 1. The expanded role combines IT leadership with enterprise-wide AI strategy, governance, and tool selection, and oversees deployment of the Karman Operating System.
Karman also announced a partnership with Growth Signals, a generative AI platform, to help unlock information across the enterprise and support customers’ growing demands for speed, agility, and complex space and defense solutions.
Karman Space & Defense (NYSE:KRMN) announced pricing of an upsized secondary offering of 14,000,000 common shares by selling stockholders at $61.00 per share, for about $854 million in gross proceeds to those holders. Underwriters have a 30-day option for 2,100,000 additional shares, and Karman will not receive any proceeds. Closing is expected on June 1, 2026, subject to customary conditions.
Summary not available.
Karman Space & Defense (NYSE: KRMN) provided operational data alongside a secondary offering of 13,500,000 existing shares, plus a 30‑day option for 2,025,000 additional shares by selling stockholders. Karman is not issuing new shares and will not receive offering proceeds.
The company estimates an active pipeline of about $3 billion as of May 25, 2026, up from roughly $1 billion on March 31, 2026, across hypersonics, tactical missiles, maritime defense, and space and launch programs. Management also highlights several specific opportunities under contract or in negotiation totaling about $395 million.