Karman Space & Defense Acquires Industrial Solid Propulsion (ISP)
May 28, 2025
Karman Space & Defense (NYSE: KRMN) has acquired Industrial Solid Propulsion ("ISP"), a Cedar City, Utah-based supplier of small-diameter energetic propulsion technologies, with the transaction closing May 28, 2025. The deal was funded primarily with $50 million in cash, approximately $5 million in Karman common shares and up to $5 million in potential earnout payments, and is intended to deepen Karman's energetics and small-diameter solid propellant capabilities for UAS, counter-UAS and rocket-assisted takeoff markets.
- Buyers
- Karman Space & Defense
- Targets
- Industrial Solid Propulsion (ISP)
- Industry
- Manufacturing
- Location
- Utah, United States
- Transaction Type
- Buyout
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