NEW YORK, Jan 9, 2026, 10:13 EST — Regular session
Karman Holdings Inc. shares were up 5.9% at $107.25 in morning trade on Friday, after touching an intraday high of $107.70. Evercore ISI analyst Amit Daryanani lifted his price target to $110 from $75, StreetInsider reported. 1
The move comes after Karman agreed to buy Seemann Composites and Materials Sciences for $220 million — $210 million in cash and about $10 million in stock — the company said. Chief executive Tony Koblinski said maritime defense is a long-planned push that “has been on our strategic roadmap for years.” Karman said it expects the deal to be “immediately accretive” in 2026 — expected to lift earnings per share — and to close in the first quarter of its fiscal 2026. 2
The backdrop has helped too. Defense stocks have pushed higher since President Donald Trump called for a sharp jump in the 2027 U.S. military budget. RBC Capital Markets analysts, meanwhile, said “there is significant uncertainty associated with a final defense budget.” 3
Karman, a Huntington Beach, California-based defense and space systems maker, listed on the New York Stock Exchange in February 2025 after raising $506 million in an upsized IPO, Reuters reported. The company sells systems tied to space and missile-defense work and has benefited from a wider bid for smaller defense names. 4
The Seemann and Materials Sciences deal still isn’t closed. A filing showed it remains subject to customary conditions, including the expiration or termination of any waiting period under the Hart-Scott-Rodino antitrust law, and Trump’s budget plan would still need congressional approval. 5
Coming up, Karman will host an investor conference call and webcast on Jan. 21 at 4:30 p.m. ET to go over the transaction and a boost to its fiscal 2026 outlook. 6
