Karman Holdings

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Karman Holdings Inc.
Formerly
  • TCFIII Spaceco Holdings LLC
  • Karman LLC
TypePublic
NYSE: KRMN
Industry
Headquarters
Dallas, Texas
,
United States of America
Products"[D]esign, development and production of critical, next-generation system solutions for launch vehicle, satellite, spacecraft, missile defense, hypersonic and UAS customers"[1]
Subsidiaries
  • Aerospace Engineering, LLC
  • AMRO Fabricating Corporation
  • American Automated Engineering, Inc.
  • Systima Technologies, Inc.
  • Rapid Machine Solutions – Wolcott Design Services, LLC
Websitekarman-sd.com

Karman Holdings is an American fabricator of space and defense systems based in Huntington Beach, California.[2] The company was valued at approximately US$4 billion during its initial public offering in February 2025.[3]

The company, whose predecessors have been in business for over 40 years, has grown partly through acquisitions. At the time of the IPO, the largest, and controlling, shareholder was Trive Capital. For the 12 months ending on September 30, 2024, the company had $331 million in revenue.[4] Karman acquired Systima Technologies, an aerospace manufacturer in Mukilteo, Washington, in 2021.[5]

References

  1. Cordova, Nadia (January 6, 2026). "Pentagon Awards Systima, Part of Karman Space & Defense, $5 Million to Expand Solid Rocket Motor Nozzle Production Capacity". Karman. Retrieved February 6, 2026.
  2. Lipschultz, Bailey (February 12, 2025). "Space Firm Karman's IPO Raises $506 Million Priced Above Range". www.bloomberg.com. Bloomberg. Retrieved February 15, 2025.
  3. Bhandari, Ateev; Srivastava, Prakhar (February 13, 2025). "Karman Holdings valued at nearly $4 billion as shares jump in NYSE debut". Reuters. Retrieved February 15, 2025.
  4. "IPO Prospectus". SEC EDGAR. February 12, 2025. Retrieved March 12, 2025.
  5. Boyle, Alan (September 23, 2021). "Karman Systems acquires Systima to target hypersonic and space technology". GeekWire. Retrieved April 12, 2026.