Karman Holdings posts investor presentation on space and defense systems, growth markets

Karman Holdings Inc.

KRMN

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Karman outlined a strategy to scale vertically integrated, IP-driven space and defense manufacturing across 80+ customers and 130+ programs.
Reported revenue of $471.5 million for FY 2025, up from $345.25 million in FY 2024; adjusted EBITDA of $145.3 million, margin 30.8%.
Posted Q1 2026 revenue of $151.21 million; adjusted EBITDA of $44.79 million; adjusted EBITDA margin 29.6%.
Highlighted major awards in negotiation, including a space launch production LTA of about $250 million and a munition development program of about $100 million.
Opportunity pipeline shown at about $3 billion, up from about $1 billion; cited rising business development activity.

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