Insider Sells $7 Million in Karman Stock Amid 100% Rally and Record Earnings

Core Insights - Karman Holdings Inc. operates in the aerospace and defense sector, focusing on advanced engineering and manufacturing for mission-critical systems [1] - The company has seen significant growth, with its stock price doubling this year amid record earnings [5] Company Overview - Karman Holdings designs, manufactures, and supplies systems for missile defense, space programs, hypersonics, and launch vehicles, emphasizing integrated high-performance hardware [1] - The firm serves major defense contractors, government agencies, and commercial space companies [4] Recent Transactions - CFO Michael Willis sold 115,000 shares at a weighted average price of $58.63, marking the largest open-market transaction in the past year [6] - Following this sale, Willis retains indirect ownership of 859,709 shares through a trust [2][6] Financial Performance - Karman reported a 42% revenue growth to $121.8 million and a 78% increase in net income to $7.6 million [7] - The company has a funded backlog of $758.2 million and projects full-year revenue between $463 million and $468 million, with expectations of up to 25% growth next year [7]