Karman Holdings Inc. KRMN

What this company does

Karman specializes in the upfront design, testing, manufacturing and sale of mission-critical systems for missile and defense, and space programs. For the year ended December 31, 2025, it generated $471.5 million in revenue, representing 36.6% year-over-year growth from the year ended December 31, 2024. For the years ended December 31, 2025 and 2024, no single program among the more than 130 active programs in production and development that it supports accounted for more than 12% of its revenue, on average, for those twelve month periods. As of December 31, 2025, it had approximately 1,400 full-time, part-time and temporary employees, including 300 multi-discipline engineers, none of whom were represented by labor unions. It operates approximately 808,000 square feet of design, engineering, testing and manufacturing space. It organizes its solutions in three families: Payload Protection and Deployment Systems, Aerodynamic Interstage Systems, and Propulsion Systems. Its formation began with the merger of Aerospace Engineering, LLC and AMRO Fabricating Corporation in October 2020, followed by the acquisition of American Automated Engineering, Inc., a manufacturer of high-temperature composites, in December 2020, and Systima Technologies, a specialist in the design and integration of energetic and mechanical systems, in September 2021.

Written from the business description in Karman Holdings Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 3 April 2026. Every sentence was checked against that document before publication.