HUNTINGTON BEACH, Calif.–(KAL Capital Markets)–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 for launch vehicle, satellite, spacecraft, missile defense, hypersonic and UAS customers today announced it has acquired Five Axis Industries (“Five Axis”), a leader in highly engineered products for commercial space engines, which includes spun form nozzles, gaseous oxygen systems, and fluid control technologies, for $83 million in cash and approximately $5 million of Karman common shares. The transaction closed on October 28, 2025.
Founded in 2002 and based in Arlington, Washington, Five Axis has developed a proprietary portfolio of technically complex products and capabilities with deep expertise in complex nozzles and other highly engineered products for launch vehicle engine applications. Five Axis’ products serve a critical role in optimizing engine performance and operate in highly corrosive, ultra-high-temperature propulsion environments.
“We are thrilled to add Five Axis to the Karman family,” said Tony Koblinski, chief executive officer of Karman Space & Defense. “This acquisition strengthens our core competency in the engineering and manufacturing of mission-critical subsystems for the space market. Five Axis is a unique asset within the space supply chain whose proven expertise and successful track record in proprietary engine products is a natural extension of the Karman platform. Their customer and program relationships create compelling opportunities to accelerate our growth and create shareholder value.”
“We welcome the talented members of Five Axis to the Karman team. We look forward to working together to deliver even more value to our customers as we continue executing on our mission to be the nation’s leading merchant supplier of advanced space and defense technologies,” Mr. Koblinski added.
KAL Capital Markets acted as the financial advisor to Five Axis Industries.