Karman Holdings Inc.Active pipeline surged to $3B, backlog up 61%, and 2026 revenue guidance raised, indicating strong end-customer demand for space-launch and spacecraft products.

Karman Holdings said its active pipeline reached about $3 billion as of May 25, up from about $1 billion as of March 31, 2025. The company also disclosed it had secured or was negotiating several opportunities, including a space-launch production long-term agreement with an estimated value of about $250 million. On May 12, Karman reported first-quarter 2026 revenue of $151.2 million, a 51.0% year-over-year increase, while backlog hit $1.0 billion, up 61% from the prior-year quarter. Space and Launch revenue rose 29.5% to $43.9 million, supported by orders for legacy and emerging launch providers and spacecraft. Karman raised its 2026 revenue outlook to between $720 million and $735 million.
Karman Holdings Inc.Active pipeline surged to $3B, backlog up 61%, and 2026 revenue guidance raised, indicating strong end-customer demand for space-launch and spacecraft products.