Karman Space & Defense lands $218 million, seven‑year THAAD shroud contract with Lockheed Martin
Karman Space & Defense announced a seven‑year agreement to manufacture shrouds for Lockheed Martin’s THAAD missile‑defense interceptors. The contract, valued at $218 million, was signed on Sept. 29, 2026 and disclosed during Karman’s Q2 2026 earnings call. CEO Jon Rambeau said the deal expands Karman’s role in the THAAD program and supports increased production capacity.
Why it matters
Karman expects the contract to provide long‑term revenue visibility and to fund investments in engineering and manufacturing capacity. Lockheed Martin secures a dedicated supplier for critical THAAD components, which may help sustain its production schedule.
Key facts
- 1The agreement is worth $218 million. stocktitan.net
- 2The contract term is seven years. stocktitan.net
- 3Karman will manufacture shrouds for THAAD interceptors. stocktitan.net
- 4The deal was signed on Sept. 29, 2026. stocktitan.net
- 5The award was announced as one of three long‑term agreements during Karman’s Aug. 6, 2026, Q2 earnings call. stocktitan.net
- 6Jon Rambeau is the chief executive officer of Karman Space & Defense. stocktitan.net
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.