Karman Holdings

KRMN

Market cap $6.12B

Starting Friday, it will be a component stock on the S&P SmallCap 600 index. Wednesday's price pop was due largely to index funds loading up on the space company's equity.

NEW YORK, July 14, 2026 /PRNewswire/ -- S&P SmallCap 600 constituent BrightSpring Health Services Inc. (NASD: BTSG) will replace Chart Industries Inc. (NYSE: GTLS) in the S&P MidCap 400, and Karman Holdings Inc. (NYSE: KRMN) will replace BrightSpring Health Services in the S&P SmallCap 600 effective prior to the opening of trading on Friday, July 17. S&P 500 constituent Baker Hughes Co. (NASD: BKR) is to acquire Chart Industries in a deal expected to close July 16, pending final closing conditions.

HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)---- $KRMN #ImpossibleEndsHere--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 the nation's accelerating demand for access to space, today announced the expansion of its Horsham, Pa. facility through a $2.7 million investment. The investment will expand Karman's cap.

Carillon Eagle Mid Cap Growth Fund stocks delivered solid results in the second quarter. Top securities in the quarter were Datadog, Marvell, Vertiv, Teradyne and Macom Technology Solutions. Top securities in the quarter were Datadog, Marvell, Vertiv, Teradyne and Macom Technology Solutions.

Karman Holdings offers investors a unique blend of defense stability and space sector upside, rated Buy. Karman's roll-up of niche, qualified suppliers gives it real pricing power and sticky, hard-to-replace positions across missile, maritime, and space programs. Base case projects a 67% upside by 2029-2030, a defense-driven 18% CAGR floor, with the space segment offering up to 200% upside if it does materialize.

Karman Holdings is rated a buy, supported by visible FY2026 growth, a robust backlog, and strong competitive positioning in mission-critical space and defense systems. KRMN benefits from high customer switching costs, pricing power, and ~87% of 2023 revenue from sole- or single-source contracts, underpinning margin resilience. FY2026 revenue is guided to $720-735 million, with 90% already covered by backlog and a strong demand backdrop from both government and commercial space activity.

While many eyes are on SpaceX NASDAQ: SPCX, other companies in the industry give investors reasons to watch the skies as well. Quarterly earnings are always a popular way of identifying potential targets in the space and defense industry, but investors may risk overlooking the importance of backlog in this sphere as well.

The many space stocks that rocketed higher ahead of the SpaceX IPO earlier this month have since fallen back down to earth. On average, these stocks were up 99% year-to-date at the close on June 11th when SpaceX priced its shares at $135. Along with SpaceX still being up 14.5% from its IPO price, just one other stock out of 28 is up since the SPCX IPO.

Karman Holdings Inc. (KRMN) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Jeff Bezos said Blue Origin has a path to resume launches this year after last month's New Glenn explosion, a positive development for AST SpaceMobile, Amazon and supplier Karman.