Karman Space & Defense Systima Facility Awarded MDA Contract under $151 Billion SHIELD IDIQ
Karman Space & Defense Systima Facility Awarded MDA Contract under $151 Billion SHIELD IDIQ
Karman Space & Defense (NYSE: KRMN) announced it was awarded a contract under the Missile Defense Agency SHIELD indefinite‑delivery/indefinite‑quantity (IDIQ) program with a program ceiling of $151 billion.
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HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--
Karman Space & Defense (“Karman”, “Karman Holdings, Inc.” or “the Company”) (NYSE: KRMN), a leader in the rapid design, development, and production of critical, next-generation system solutions that align with the U.S. Department of War’s core mission priorities and meet our nation’s accelerating demand for access to space, today announced it was awarded a contract for the Missile Defense Agency Scalable Homeland Innovative Enterprise Layered Defense (SHIELD) indefinite-delivery/indefinite-quantity (IDIQ) contract with a ceiling of $151B. This contract encompasses a broad range of work areas that allows for the rapid delivery of innovative capabilities to the warfighter with increased speed and agility.
SHIELD IDIQ - Karman Space & Defense
ABOUT KARMAN SPACE & DEFENSE
Karman Space & Defense is a leader in the rapid design, development, and production of critical, next-generation system solutions that align with the U.S. Department of War’s core mission priorities and meet our nation’s accelerating demand for access to space. Building on nearly 50 years of success, we deliver Payload & Protection Systems, Aerodynamic Interstage Systems, and Propulsion & Launch Systems to more than 80 prime contractors supporting more than 130 space and defense programs. Karman is headquartered in Huntington Beach, CA, with multiple facilities across the United States. For more information, visit our website at www.karman-sd.com.
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An indefinite-delivery/indefinite-quantity (IDIQ) contract is a purchasing agreement where a buyer commits to order goods or services over a set period but does not promise exact quantities up front, instead placing individual orders as needs arise within agreed limits. For investors, IDIQs matter because they can create steady, multi-year revenue opportunities and backlog visibility like a supplier having a standing store account — but actual cash depends on each future order and on the buyer’s budget and timing.
