HUNTINGTON BEACH, Calif., May 29, 2025 - Karman Space & Defense, a leader in designing and producing next-generation systems for aerospace and defense, has announced the acquisition of ISP, a company specializing in energetic propulsion technologies. The acquisition, valued at $50 million in cash, was funded by increasing Karman's existing Term Loan B by $75 million. This strategic move enhances Karman's expertise in energetic systems, expanding their offerings in small-diameter solid propellant technologies. The acquisition is expected to positively impact Karman's revenue growth, Adjusted EBITDA margin, contracted revenue, and cash flow. Karman's CEO, Tony Koblinski, expressed enthusiasm about the partnership, highlighting how ISP's unique capabilities align with Karman's mission to deliver agile solutions across the space and defense markets.
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