Karman wins $218M Lockheed Martin deal for THAAD shrouds

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Go back to Karman wins $218M Lockheed Martin deal for THAAD shrouds

Karman Space & Defense Awarded $218 Million Long-Term Agreement to Support THAAD Production

October 20, 2026 7:51 AM EDT

Seven-year Lockheed Martin agreement supports increased production of critical missile defense capability

HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)-- Karman Space & Defense (NYSE: KRMN) has entered into a seven-year, $218 million agreement with Lockheed Martin to provide shrouds for the Terminal High Altitude Area Defense (THAAD) program.

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