Karman makes the critical metal and composite parts that hold missiles, rockets, and hypersonic vehicles together during flight, like the skeleton and skin of aerospace systems.
Revenue comes from selling these specialized flight components, with gross margins around 41% and net margins near 6%, indicating a modest but recurring manufacturing business.
Competitors like Lockheed Martin and Northrop Grumman could theoretically build similar parts, but Karman's deep testing expertise and qualification with defense primes create high switching costs, though its small scale and reliance on a few programs leave it
Sell (sector percentile 18) — value D, growth A-, profitability B, momentum D-, revisions C-. Updated daily, sector-relative, identical for every user.
Key events, in time order
Q2 EPS of $0.14 beat estimates, revenue and orders hit records, pre-market +6.9%
Revenue and EPS beat, bookings near $500M, guidance raised
Covers Proof of Manufacture phase for MK 54 torpedo fleet exercise section, expanding defense work
Acquires Glasgow-based firm, expanding into European missile industry market
Starting Friday, it will be a component of the S&P SmallCap 600; Wednesday's price pop was driven largely by index fund buying.
Broker note says Blue Origin's 2026 launch return benefits ASTS and KRMN
Multiple independent sources flag earnings timing, market awaits results
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