On July 27, Karman Holdings (TCFIII SPACECO HOLDINGS LLC) rose 5.1% in regular trading, trading at $49.105/share, with turnover of $3.433 million. The stock gained on the back of several positive developments including a recent analyst endorsement of H2 growth acceleration and new contract wins.

RBC Capital Markets noted that Karman is well positioned to benefit from stronger missile and space demand, with management confident that organic growth and bookings will accelerate in the second half. RBC maintained its Outperform rating despite trimming its price target to $85 from $100. The mean analyst price target stands at $102 with an average overweight rating.

Additionally, the company secured a $21.3 million contract from Northrop Grumman to support the US Navy's MK 54 Torpedo Fleet Exercise Section program. Karman also announced its $94 million acquisition of Glasgow-based Walker Precision Engineering, which management expects to be immediately accretive to revenue, backlog, adjusted EBITDA, adjusted EPS, and cash flow, expanding the company's European defense footprint.

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