Karman Holdings Inc. filed a Current Report on Form 8-K with the U.S. Securities and Exchange Commission on September 16, 2026. The filing was submitted to report the availability of an investor presentation titled "Karman Space & Defense Investor Update." The document, dated September 16, 2026, was authored by Chief Executive Officer Jon Rambeau and is incorporated by reference as Exhibit 99.1.
The presentation outlines the company's performance metrics and strategic initiatives since its initial public offering (IPO). According to the filing, Karman has exceeded commitments made to shareholders during the IPO process. The company reports an organic growth rate of approximately 25% for the years 2025 and 2026, a book-to-bill ratio of 1.6x over the last 18 months, and a last twelve months (LTM) Adjusted EBITDA margin of approximately 30%.
The company highlights its inorganic growth strategy, noting that it has executed five strategic acquisitions since its IPO. These acquisitions have focused on companies with complementary capabilities, such as Walker Impact, which was acquired for approximately $168 million in revenue and $42 million in EBITDA at the time of close. The filing also indicates a threefold increase in the active opportunity pipeline in the second quarter of 2026 alone.
Karman emphasizes its alignment with the priorities of the U.S. Department of Defense (DoW). The company states it is addressing DoW priorities by focusing on speed, agility, and vertically integrated supply chains for IP-rich subsystems. Key areas of focus include unmanned aerial systems (UAS), counter-UAS, hypersonics, and subsea technologies. The filing notes that Karman has secured protected program bases with zero major program losses or dual sourcing.
