Karman Holdings is a new defense stock specializing in spacecraft parts production, with overpriced stock.

From Nasdaq.: 2025-03-04 06:06:00

In 1991, the fall of the Soviet Union led to a significant pullback in defense spending in Western nations, resulting in closures and consolidations among U.S. defense businesses. This trend continued with companies like Lockheed Martin, Northrop Grumman, and Boeing growing bigger. In 2020, Palantir Technologies became the first new defense stock IPO, followed by Karman Holdings on the NYSE with a strong debut. Karman describes itself as a space and defense company, specializing in spacecraft parts production, and reported revenue of $281 million in 2023, showing growth. However, Karman stock is currently considered overpriced, with high valuation multiples.



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