Karman Holdings Inc. (KRMN) Is Up Nearly 85% Since NYSE Debut In February

Karman Holdings Inc. (NYSE:KRMN) is among 11 Best Performing Defense Stocks to Buy Now. The stock has returned nearly 85% since its debut on the NYSE in February this year.

Karman Holdings Inc. (KRMN) Is Up Nearly 85% Since NYSE Debut In February

Stock market data showing an upward trajectory. Photo by Burak The Weekender on Pexels

Industry experts credit the surge to the growing appetite for defense and space firms under the Trump administration. The President’s ambitious plan to build the ‘Golden Dome’ missile defense system also presents an opportunity for Karman Holdings Inc. (NYSE:KRMN), given its expertise in areas like hypersonic missile defense.

Investors have also been buoyed by Karman Holdings Inc. (NYSE:KRMN)’s recent strategic acquisitions. In May, it acquired Industrial Solid Propulsion (ISP), a leading supplier of energetic propulsion technologies for the UAS, UAS-intercept, and rocket-assisted takeoff systems. This followed April’s acquisition of Metal Technology Inc., a firm with expertise in manufacturing specialized refractory metal alloy systems.

Karman Holdings Inc. (NYSE:KRMN)’s financial performance has also impressed investors. On August 7, the company announced record results for the second quarter of FY 2025, with quarterly revenue growing 35.3% year-over-year to a record $115.1 million. It generated a record net income of $6.8 million, up 47.8% from the prior year. The firm also achieved a record funded backlog of $719.3 million, increasing 24.1% from Q4 2024.

Looking ahead, Karman Holdings Inc. (NYSE:KRMN) expects the momentum to continue, with robust defense spending, a growing interest in space projects, and the Golden Dome program, representing likely headwinds for the rest of 2025.

While we acknowledge the risk and potential of KRMN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than KRMN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.