Karman Space & Defense Receives $21.3M Northrop Grumman Contract For Proof Of Manufacture Phase Of U.S. Navy's MK 54 Torpedo Fleet Exercise Section Program

Karman Space & Defense ("Karman," "Karman Holdings Inc." or "the Company") (NYSE:KRMN), a leader in the rapid design, development and production of critical, next-generation system solutions that align with the U.S. Department of Defense’s core mission priorities and the nation’s accelerating demand for access to space, today announced that Northrop Grumman Corporation has awarded a $21.3 million contract for the Proof of Manufacture ("POM") phase of the U.S. Navy’s MK 54 Torpedo Fleet Exercise Section ("FES") program.