Karman Space & Defense (“Karman”, “Karman Holdings, Inc.” or “the Company”) (NYSE: KRMN), a leader in the rapid design, development, and production of next-generation technologies to combat near-peer nation state threats, focused on critical, integrated systems for the hypersonic, missile defense, UAV and space sectors, today reported fiscal year 2024 financial results.
Karman announced the acquisition of Metal Technology Inc., a specialist in refractory metal products for missile programs, for $90 million in cash. This will enhance Karman's market position and boost financial performance.
Karman Holdings Inc. (“Karman” or “the Company”) (NYSE: KRMN), a leader in the rapid design, development, and production of next-generation technologies to combat near-peer nation state threats, focused on critical, integrated systems for the hypersonic, missile defense, UAV and space sectors, today announced it has acquired Metal Technology Inc. (“MTI), a leader in highly engineered products utilizing refractory alloys, for strategic missile programs, which includes nozzles, EM shielding, energetic liners, gas generators, shape charges and actuation systems, for $90 million in cash.
Karman Space & Defense (NYSE: KRMN) ("Karman" or “the Company”), a leader in the design, testing, volume manufacturing, and sale of highly engineered, mission-critical subsystems for advanced missile, uncrewed aircraft, and space systems, today announced the grand opening of a new and purpose-built clean room, designed for the integration of lunar landers, spacecraft, habitat modules and satellites, at its Washington facility. Building on a decades long successful track record supporting major space programs, this investment strengthens Karman’s ability to provide turn-key assembly, integration, and testing of state-of-the-art space vehicle systems and habitats at the fast pace required by the growing space industry.
Karman Space & Defense (“Karman” or “the Company”) (NYSE: KRMN), a leader in the design, testing, volume manufacturing, and sale of highly engineered, mission-critical subsystems for advanced missile, uncrewed aircraft, and space systems today announced the successful completion of a refinancing transaction that replaces its previous term loan and revolving credit facility, significantly extending maturity dates and reducing interest expense.
Karman Space & Defense (“Karman” or “the Company”) (NYSE: KRMN), a leader in the design, testing, volume manufacturing, and sale of highly engineered, mission-critical subsystems for advanced missile, uncrewed aircraft, and space systems today announced the extension of its 10K filing date to ensure sufficient time to complete remaining administrative audit tasks, as a result of the significant audit activity associated with its February IPO that delayed the start of the fiscal year 2024 audit.
Karman Space & Defense (NYSE: KRMN) ("Karman" or “the Company”), a leader in the design, testing, volume manufacturing, and sale of highly engineered, mission-critical subsystems for advanced missile, uncrewed aircraft, and space systems, today announced the appointment of Steven Gitlin as Vice President of Investor Relations, effective immediately. Gitlin reports to Karman Space & Defense’s Chief Financial Officer, Mike Willis.
Cybersecurity company SailPoint opened for trading on Thursday, as it returned to the markets more than two years after it went private. It had priced its upsized initial public offering of 60 million shares of its common stock at $23.00 per share.
