Karman Space & Defense Awarded $218 Million Long-Term Agreement to Support THAAD Production
Business Wire•20/10/2026•07:51 ET
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Key Highlights
- ➤Karman (KRMN) wins seven-year, $218 million Lockheed Martin agreement
- ➤Agreement supplies shrouds supporting increased THAAD interceptor production
- ➤Long-term commitment enables investment in manufacturing capacity and engineering
- ➤Award signed Sept. 29, 2026, was one of three agreements under negotiation
Expert Statements
Jon Rambeau, Chief executive officer of Karman Space & Defense
“Demand for missile defense capabilities is accelerating, and meeting that demand will require significantly more capacity across the industrial base.”
Jon Rambeau, Chief executive officer of Karman Space & Defense
“Karman is building the engineering expertise and manufacturing capability and capacity our customers need to increase production.”
Jon Rambeau, Chief executive officer of Karman Space & Defense
“This long-term agreement deepens our partnership with Lockheed Martin and enables us to support increased THAAD production for years to come.”
Karman Space & Defense Awarded $218 Million Long-Term Agreement to Support THAAD Production
Seven-year Lockheed Martin agreement supports increased production of critical missile defense capability
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