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0 0.000230441295080032 0.00241963359834075 -0.00483926719668166 0.00564581172946186 -0.0117525060490839 -0.00541537043438183 0.00616430464339206
Stock impact report

Karman Space & Defense Acquires Five Axis Industries Inc. (“Five Axis”), a Leading Supplier of Advanced Engine Subsystems for Major Commercial Space Programs

Karman Holdings Inc. (KRMN) 
Company Research Source: Business Wire
Five Axis is a rapidly growing leader in the engineering and manufacturing of specialized nozzle and fuel systems that play a critical role in optimizing performance of current and next-generation engines for launch vehiclesWith extensive engineering and manufacturing capabilities, Five Axis is deeply embedded in major space engine programs that serve multiple launch vehiclesThe acquisition of Five Axis creates new opportunities to solve complex customer challenges via vertical integration by leveraging Karman’s advanced spin-forming capability to deliver a proprietary nozzle solutionThe acquisition adds complementary and highly technical capabilities to the Karman platform, including proprietary technologies tied to 3D-printed inconel that represent the continued expansion of Karman’s IP portfolioThe acquisition is immediately accretive to Karman across all major financial metrics, including revenue growth, Adjusted EBITDA margin and cash flowKarman recently increased its existing $3 Show less Read more
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