Karman Holdings

KRMN

Market cap $12B

Recent events in the Middle East have only reinforced an armaments megatrend, analysts at Citi believe, arguing growth expectations across the sector still look too conservative. The bank flagged RTX Corp (NYSE:RTX, XETRA:5UR), L3Harris Technologies Inc (NYSE:LHX, XETRA:HRS), Lockheed Martin Corp (NYSE:LMT), Karman Holdings Inc (NYSE:KRMN), and Ducommun Inc (NYSE:DCO) as particularly sensitive to the theme, given their exposure to missile and interceptor systems.

Defense stocks have surged as the Middle East war escalates. Despite a pullback, they have outperformed in the last year on rising military budgets. The U.S.-Israeli operation in Iran and its ramifications have investors mulling increased military spending and contract awards. Defense stocks are also riding long-term structural factors, including AI-enabled systems and faster product cycles, that have led to tech-style valuations.

Karman Holdings Inc. (KRMN) Presents at 47th Annual TD Cowen Aerospace and Defense Conference Transcript

HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)---- $KRMN #DeepSeaToDeepSpace--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 (“DOW”) core mission priorities and the nation's accelerating demand for access to space, announced the closing of its previously announced agreement to acquire Seemann Composites and MSC on February 3, 2026, creati.

HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)---- $KRMN #AUV--Karman Space & Defense Sets Virtual-Only Annual Shareholder Meeting Date and Announces Participation in Upcoming Investor Conferences.

Artemis is a long-term NASA program, so it seems likely that some companies involved will benefit for some time. Artemis contracts could move the needle more on smaller companies' financials than on those of the massive prime contractors.

HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)---- $KRMN #GoldenDome--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 Defen.

Here is how Karman Holdings Inc. (KRMN) and Kratos (KTOS) have performed compared to their sector so far this year.

The drone and missile supplier lifted its 2025 and 2026 sales outlook after buying Seemann Composites. Analysts say defense demand is “red hot.

Karman hikes outlook on acquisition, expands to maritime defense technology. AST SpaceMobile plans upcoming launch.