Karman Space & Defense wins $218M seven-year agreement with Lockheed Martin for THAAD shrouds
- Karman Space & Defense (KRMN) has entered into a seven-year, $218M long-term agreement with Lockheed Martin to manufacture shrouds for the Terminal High Altitude Area Defense (THAAD) interceptor.
- The award was one of three long-term agreements the company said during its Aug. 6, 2026 second-quarter earnings call were under negotiation.
- Under the agreement, Karman will produce protective aerodynamic shrouds that shield critical interceptor components from aerodynamic forces and environmental conditions during launch and flight, and that must separate cleanly and reliably at the appropriate mission point.
- Karman described its role as providing the design, engineering and production of deployable shroud systems using automated manufacturing processes intended to support repeatable, high-quality production at scale.
- Press Release
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