Karman Holdings Inc. (KRMN) Is Up Nearly 85% Since NYSE Debut In February

Karman Holdings Inc. (NYSE:KRMN) is among 11 Best Performing Defense Stocks to Buy Now. The stock has returned nearly 85% since its debut on the NYSE in February this year.

Industry experts credit the surge to the growing appetite for defense and space firms under the Trump administration. The President’s ambitious plan to build the ‘Golden Dome’ missile defense system also presents an opportunity for Karman Holdings Inc. (NYSE:KRMN), given its expertise in areas like hypersonic missile defense.

Investors have also been buoyed by Karman Holdings Inc. (NYSE:KRMN)’s recent strategic acquisitions. In May, it acquired Industrial Solid Propulsion (ISP), a leading supplier of energetic propulsion technologies for the UAS, UAS-intercept, and rocket-assisted takeoff systems. This followed April’s acquisition of Metal Technology Inc., a firm with expertise in manufacturing specialized refractory metal alloy systems.

Karman Holdings Inc. (NYSE:KRMN)’s financial performance has also impressed investors. On August 7, the company announced record results for the second quarter of FY 2025, with quarterly revenue growing 35.3% year-over-year to a record $115.1 million. It generated a record net income of $6.8 million, up 47.8% from the prior year. The firm also achieved a record funded backlog of $719.3 million, increasing 24.1% from Q4 2024.

Looking ahead, Karman Holdings Inc. (NYSE:KRMN) expects the momentum to continue, with robust defense spending, a growing interest in space projects, and the Golden Dome program, representing likely headwinds for the rest of 2025.

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Disclosure: None.