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) is scheduled to participate in three investor conferences on November 12, 17 and 18.
The events are the Baird 2026 Global Industrial Conference in Chicago, the 2026 RBC Global Industrials Conference in New York City and the 2026 Global Space and Defense Tech Summit in New York City, respectively. Management will host institutional investor meetings at the conferences.
Karman Space & Defense (NYSE: KRMN) reported third-quarter fiscal 2026 revenue of $202 million, with growth across defense markets. Revenue rose 65.6% year over year, including 25% organic growth. Net income increased 174% to $21 million; diluted earnings per share rose to $0.16 from $0.06. Adjusted EBITDA, a supplemental earnings measure, increased 60% to $61 million.
Quarterly bookings were nearly $465 million, including a seven-year Lockheed Martin contract supporting THAAD. Backlog reached $1.7 billion, up 108% from fiscal year-end 2025. Karman completed its acquisition of Walker Precision Holdings and raised its fiscal 2026 outlook to $755 million–$760 million in revenue and $225 million–$227 million in adjusted EBITDA, excluding future acquisitions. Operating cash flow was $27 million and free cash flow was $13 million. Space and Launch revenue fell 6.9% year over year.
Karman Space & Defense (KRMN) was selected by NASA’s Jet Propulsion Laboratory to develop the parachute deployment system for SkyFall’s Mars mission.
The award marks Karman’s first system fully designed and developed for a Mars mission. The device, called a mortar, will deploy a parachute during atmospheric entry to slow the spacecraft before it releases three helicopters. SkyFall aims to study Martian weather and search for shallow subsurface ice using ground-penetrating radar carried by the helicopters. NASA is targeting a November 2028 launch window.
Karman Space & Defense (KRMN) will release third-quarter fiscal 2026 financial results after markets close on November 5, 2026.
Management will discuss the results on a conference call and live audio webcast at 1:30 p.m. Pacific Time that day. The webcast will be available through the company's investor relations website, where an audio replay will also be archived.
Karman Space & Defense (KRMN) entered into a $218 million agreement with Lockheed Martin to supply shrouds for THAAD interceptors.
The agreement runs for seven years and was signed on September 29, 2026. Shrouds are protective structures that shield interceptor components during launch and flight, then separate at the required point in the mission. Lockheed Martin is the prime contractor and systems integrator for the Terminal High Altitude Area Defense (THAAD) weapon system.
Karman said the commitment provides greater visibility for investment in people, equipment and manufacturing capacity to support increased THAAD production. The company is investing in engineering and production capacity to help customers increase output. The award is one of three long-term agreements Karman disclosed as under negotiation during its August 6, 2026, second-quarter earnings call.
Karman Space & Defense (NYSE: KRMN) completed its acquisition of Walker Precision Engineering on August 28, 2026, adding operations in Scotland, England and Poland and creating a strong European platform for tactical missile and air defense subsystems.
According to Karman Space & Defense, Walker contributes advanced capabilities in engineering, materials design, precision machining, electroplating and electromechanical assemblies. Walker’s products support missile seekers, guidance and control systems across more than 25 European tactical missile and air defense programs for prime contractors with global reach. The acquired business will be named Karman Space & Defense, Europe. The company said the transaction closed on the terms and timeline previously announced and was funded through increased term loan borrowings under its existing credit agreement.
Karman Space & Defense (NYSE: KRMN) will participate in two September 2026 investor conferences: the Jefferies Global Industrials Conference on September 10 in New York City and the Morgan Stanley 14th Annual Laguna Conference on September 16 in Dana Point, California. Karman management plans to host institutional investor meetings at both events. Webcasts of management fireside chats will be available through the Investors section of the company’s website at https://investors.karman-sd.com/.
Karman Space & Defense (NYSE: KRMN) announced a planned CFO transition, appointing Chris Boynton as Executive Vice President and Chief Financial Officer effective September 14. Current CFO Mike Willis will depart by year-end following a phased transition after leading the finance organization through Karman’s February 2025 IPO.
According to Karman, the change follows a deliberative succession planning process as the company scales after 18 months as a public company. Boynton brings experience as EVP & CFO at Battelle and more than 20 years in senior finance roles at RTX, including CFO of Raytheon Missiles & Defense.
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.