StocksMedium•20 October 2026•
1 min read
Karman Space & Defense Secures $218M THAAD Agreement with Lockheed Martin
Key Facts
1Karman Space & Defense entered into a seven-year, $218 million agreement with Lockheed Martin.
2Under the agreement, Karman will provide shrouds for the Terminal High Altitude Area Defense (THAAD) program.
Karman Space & Defense entered into a seven-year, $218 million agreement with Lockheed Martin. Business Wire reported that under the terms of the deal, Karman will provide shrouds for the Terminal High Altitude Area Defense (THAAD) missile defense program.
The agreement is designed to meet accelerating demand for missile defense capabilities from the U.S. and its allies by providing manufacturing visibility. Regarding market performance, KRMN closed at $33.91 on October 19, 2026, while LMT closed at $548.23 on the same date.