Business Wire·May 28, 2026, 4:12 PM ET

CORRECTING and REPLACING Karman Space & Defense Provides Operational Data Update in Connection with Launch of Secondary Offering

Karman Space & Defense issued an operational data update on May 28, 2026, in connection with a secondary public offering of 13,500,000 shares by selling stockholders.
The selling stockholders may exercise a 30-day option to purchase up to an additional 2,025,000 shares.
Karman is not selling shares in the offering & will not receive any proceeds; all net proceeds will go to the selling stockholders.
The company's active pipeline value was approximately $3 billion as of May 25, 2026, compared to approximately $1 billion as of March 31, 2025.
The active pipeline includes estimated contract values of $500 million for hypersonics & strategic missile defense, $700 million for tactical missiles & integrated defense, $50 million for maritime defense, & $300 million for space & launch programs.
In 2026, the company secured or is negotiating deals for a space launch production agreement ($250 million), a munition development program ($100 million), a torpedo recovery qualification program ($25 million), & a UAS launcher systems agreement ($20 million).
The offering is made pursuant to an effective Form S-3 shelf registration statement filed with the SEC.
Karman is headquartered in Huntington Beach, CA, & serves over 80 prime contractors on more than 130 space & defense programs.