Karman Space & Defense Completes Acquisition of ISP, Enhancing Energetic Propulsion Capabilities

Reuters

06-03

Karman Space & Defense Completes Acquisition of ISP, Enhancing Energetic Propulsion Capabilities

HUNTINGTON BEACH, Calif., May 29, 2025 - Karman Space & Defense, a leader in designing and producing next-generation systems for aerospace and defense, has announced the acquisition of ISP, a company specializing in energetic propulsion technologies. The acquisition, valued at $50 million in cash, was funded by increasing Karman's existing Term Loan B by $75 million. This strategic move enhances Karman's expertise in energetic systems, expanding their offerings in small-diameter solid propellant technologies. The acquisition is expected to positively impact Karman's revenue growth, Adjusted EBITDA margin, contracted revenue, and cash flow. Karman's CEO, Tony Koblinski, expressed enthusiasm about the partnership, highlighting how ISP's unique capabilities align with Karman's mission to deliver agile solutions across the space and defense markets.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Karman Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950170-25-080289), on June 02, 2025, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Karman Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950170-25-080289), on June 02, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250602:nNDL2hdXfq:1","article_id":"2540713620","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2540713620","pubTimestamp":1748895662,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"HUNTINGTON BEACH, Calif., May 29, 2025 - Karman Space & Defense, a leader in designing and producing next-generation systems for aerospace and defense, has announced the acquisition of ISP, a company specializing in energetic propulsion technologies. 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