Summary
Karman Holdings: The Defense Floor Makes The Space Ceiling Worth Paying For
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: Solid Demand Backdrop, Growth Visibility, But Valuation Not Cheap
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 $720-735 million, with 90% already covered by backlog and a strong demand backdrop from both government and commercial space activity.
Karman Holdings Inc. (KRMN) Surges 7.1%: Is This an Indication of Further Gains?
Karman Holdings Inc. (KRMN) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Karman Holdings Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 3,172 | $253,919 | $157,283.62 | -$96,635.38 | -38.06% |
| CE Curtis Ellergodt Rothschild Investment LLC | 2 | $145 | $99.17 | -$45.83 | -31.61% |
| SFH Sean F. Hanna Cambridge Associates LLC /MA/ /ADV | 249,011 | $18.14M | $12.38M | -$5.76M | -31.75% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 253 | $18,512.01 | $12,341.34 | -$6,170.67 | -33.33% |
| CWC Chad W. Coulter DELPHI FINANCIAL GROUP Inc. | 54,645 | $3.95M | $2.71M | -$1.24M | -31.32% |
Karman Holdings Inc. Analysts
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 John Godyn Citigroup | 87.03 | $4,349.64 | $4,096.32 | -$253.32 | -5.82% |
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Karman Holdings Inc. Profile
| Aerospace & Defense Industry | Industrials Sector | Jonathan Rambeau CEO | NYSE Exchange | 485924104 CUSIP |
| US Country | 1,400 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
Karman Holdings Inc. is a prominent player in the aerospace and defense sectors, leveraging advanced technologies through its subsidiary, Karman Space and Defense. Established in 2020 and headquartered in Huntington Beach, California, the company specializes in the design, testing, manufacturing, and sale of mission-critical systems aimed at various markets, including missile defense, space exploration, hypersonics, and launch vehicles. As a subsidiary of TCFIII Spaceco SPV LP, Karman Holdings Inc. is committed to delivering high-quality solutions that meet the evolving demands of defense and aerospace industries.
Products and Services
- Mission-Critical Systems
Karman Holdings designs and develops mission-critical systems essential for the efficient operation of missile and defense technologies, ensuring they meet the highest standards of reliability and performance.
- Metallic and Composite Flight Hardware
The company supplies a wide range of flight hardware made from both metallic and composite materials, engineered to withstand extreme conditions encountered during aerospace missions.
- Sub-Assemblies
Karman Holdings manufactures high-precision sub-assemblies, which are integral components required for the assembly of larger aerospace systems, enhancing efficiency and performance.
- Payload Protection and Deployment Systems
This service includes innovative solutions for the protection and deployment of various payloads, ensuring their safety and effectiveness throughout their operational life cycle.
- Aerodynamic Interstage Systems
Karman Space and Defense specializes in aerodynamic interstage systems that facilitate smooth transitions between different flight phases, optimizing performance and stability.
- Propulsion Systems
The company also offers advanced propulsion systems designed to provide reliable thrust and maneuverability for missiles and launch vehicles, essential for successful missions.
