Core Insights - Schusterman Interests disclosed a new position in Karman Holdings valued at $148 million, representing 33.8% of its reported assets under management [2][3][10] Company Overview - Karman Holdings operates in the aerospace and defense sector, focusing on mission-critical systems for missile defense, space programs, hypersonics, and launch vehicles [6] - The company reported a market capitalization of $7.97 billion, with a revenue of $428.2 million and a net income of $11.3 million for the trailing twelve months [5] Recent Developments - Karman's stock price has increased significantly since its IPO, closing at $67.03, more than triple its offering price of $22 [4][10] - The company has over 80 customers and 130 active programs, indicating strong demand and diversification in its revenue streams [11] Investment Implications - The substantial investment by Schusterman Interests suggests confidence in Karman's growth potential in the defense and aerospace sectors, particularly in mission-critical hardware [9][12]

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]