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Karman Space & Defense Awarded $218 Million Long-Term Agreement to Support THAAD Production

KRMN
  • Karman Space & Defense signed a seven-year, $218 million agreement with Lockheed Martin on September 29, 2026.
  • The contract requires Karman to manufacture shrouds for the Terminal High Altitude Area Defense (THAAD) program.
  • THAAD shrouds serve as protective aerodynamic structures that shield interceptor components from extreme forces during launch & flight.
  • The long-term commitment enables Karman to invest in engineering expertise, equipment, & manufacturing capacity to meet growing U.S. & allied demand.
  • Lockheed Martin acts as the prime contractor & systems integrator for the THAAD weapon system.
  • This award is one of three long-term agreements Karman disclosed as being under negotiation during its August 6, 2026, second-quarter earnings call.
  • Karman utilizes automated processes & decades of experience to ensure repeatable, high-quality production of deployable shroud systems.
  • The agreement strengthens Karman's role within the defense industrial base as demand for missile defense capabilities accelerates.