KRMN · Karman Holdings Inc.

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 War’s core mission priorities and the nation’s accelerating demand for access to space, today reported fourth quarter and full fiscal year 2025 financial results. Karman Space & Defense Reports Fourth Quarter and Full Fiscal Year 2025 Financial Results Fourth Quarter Fiscal Year 2025 Highlights Produced record quarterly revenue of $134.5 million, up 47.4% year over year Generated record quarterly net income of $7.7 million, a 358% year over year increase, and earnings per fully diluted share of $0.06 Delivered record quarterly non-GAAP adjusted EBITDA of $42.0 million, a 59% year over year increase, and non-GAAP adjusted earnings per fully diluted share of $0.11, more than triple that of the prior year Achieved record backlog of $801.1 million at

Karman Space & Defense (NYSE: KRMN) ("Karman" or “the Company”), a leader in the rapid design, development and production of critical, next-generation system solutions that align with the U.S. Department of War’s core mission priorities and the nation’s accelerating demand for access to space, today announced it will issue financial results for the Company's fourth quarter and full fiscal year 2025 after financial markets close on Wednesday, March 25, 2026. Management will host a conference call and live audio webcast to discuss the results at 1:30 p.m. Pacific Daylight Time. Hosting the call and webcast to review results for the fourth quarter and full fiscal year 2025 will be Jon Rambeau, incoming Chief Executive Officer; Tony Koblinski, Director and outgoing Chief Executive Officer; Mike Willis, Chief Financial Officer; Jonathan Beaudoin, Chief Operating Officer; and Steven Gitlin, Senior Vice President, Investor Relations and Corporate Communications. Conference Call and

Karman’s Board selects proven defense leader Jon Rambeau, former president, Communications & Spectrum Dominance for L3 Harris Technologies, as CEO, effective March 23, 2026 CEO Tony Koblinski to retire from management role; will continue to serve as Director 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 War’s core mission priorities and the nation’s accelerating demand for access to space, today announced a transition in leadership to drive its next phase of growth, with Chief Executive Officer Tony Koblinski retiring after a successful 40-year career in leadership and Jon Rambeau assuming the CEO position effective March 23, 2026. Karman Space & Defense Names Jon Rambeau as Chief Executive Officer Rambeau is a 30-year, proven defense leader with a track record of driving results through

New digitally-enabled Utah factory to serve as advanced manufacturing hub for high volume loitering missile and counter-UAS launch systems, and critical nozzle assemblies for solid rocket motors (SRM) New factory will quadruple launch system production capacity and provide additional solid rocket motor nozzle manufacturing capacity for missile systems on the Pentagon’s critical munitions list Karman continues to invest in capacity and capabilities to accelerate delivery of critical subsystems supporting U.S. space and defense programs 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 War’s core mission priorities and the nation’s accelerating demand for access to space, today announced it will open a new, state-of-the-art-facility in the greater Salt Lake City, Utah area to expand its advanced UAS

Seemann Composites (“Seemann”) and MSC combine with Karman’s existing maritime programs to form Karman’s Maritime Defense Systems (MDS) end market, broadening Karman’s scope, from deep sea to deep space The transaction significantly expands Karman’s exposure to the Department of War’s highest priority naval programs, including submarine, USV/UUV and tactical surface vessels, which provides access to accelerated long-term growth and visibility to drive shareholder value The acquisitions are expected to be immediately accretive to Karman in 2026 across major financial metrics, including revenue growth, funded backlog, EBITDA, earnings per share, and cash flow Karman also closed an amendment to its credit agreement to increase its incremental term loan to $772 million while reducing the associated interest rate by 75 basis points to SOFR plus 2.75% Karman Space & Defense (“Karman,” “Karman Holdings Inc.” or “the Company”) (NYSE: KRMN), a leader in the rapid design, development and

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 War’s core mission priorities and the nation’s accelerating demand for access to space, today announced it will host a virtual-only Annual Meeting of Shareholders on Wednesday, April 29, 2026 at 9:00 am PST. Shareholders of record at the close of business on March 5, 2026, are entitled to notice of, and to vote at, the Annual Meeting. Nominations of persons for election to Karman’s Board of Directors or the proposal of other business to be considered by the stockholders at the 2026 Annual Meeting may be properly brought by any stockholder that meets the requirements under Karman’s bylaws. Such notice must be submitted in proper form and in writing to the Corporate Secretary at Karman’s principal executive office not later than 5:00 p.m. PST on February

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 War’s core mission priorities and meet our nation’s accelerating demand for access to space, today announced it was awarded a contract for the Missile Defense Agency Scalable Homeland Innovative Enterprise Layered Defense (SHIELD) indefinite-delivery/indefinite-quantity (IDIQ) contract with a ceiling of $151B. This contract encompasses a broad range of work areas that allows for the rapid delivery of innovative capabilities to the warfighter with increased speed and agility. SHIELD IDIQ - Karman Space & Defense ABOUT KARMAN SPACE & DEFENSE Karman Space & Defense is a leader in the rapid design, development, and production of critical, next-generation system solutions that align with the U.S. Department of War’s core mission priorities and

Management to highlight company strategy, successful acquisition track record, Seemann/MSC capabilities and financial expectations associated with expansion into strategic segments of maritime defense market Emphasizing high degree of alignment between organizations Acquisition accretive across major financial metrics including revenue growth, adjusted EBITDA, earnings per share and cash flow Raising fiscal year 2025 expectations to revenue between $470 million and $471 million and adjusted EBITDA between $144.5 million and $144.9 million Establishing fiscal year 2026 expectations of revenue between $700 million and $715 million and adjusted EBITDA between $205 million and $215 million Conference call and audio webcast today at 1:30 PST/4:30 EST 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 War’s

Karman’s strategy is to deliver advanced systems for next generation propulsion and shielding applications, serving the country’s highest priority national security interests from deep sea to deep space. Through integrated design, IP protected products and vertical integration, Karman is designed for agility and speed, delivering better technology for the most challenging environments. The acquisitions of Seemann Composites and Material Sciences significantly advance this strategy and align Karman’s business with core national security priorities Seemann Composites, LLC (“Seemann”) and Materials Sciences LLC (“MSC”) are rapidly growing providers of “bow-to-stern” composite systems, with more than 90 years of combined heritage in the design and manufacturing of proprietary solutions for existing and next-generation naval programs The transaction significantly expands Karman’s exposure to the DOW’s highest priority naval programs, including submarine, USV/UUV and tactical surface

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 its Systima facility in Mukilteo, WA received $5.0 million in Defense Production Act Title III funding from the U.S. Department of War on October 20, 2025 to expand the Company’s capacity to produce solid rocket motor (“SRM”) nozzles. Pentagon Awards Systima, Part of Karman Space & Defense, $5 Million to Expand Solid Rocket Motor Nozzle Production Capacity This award supports the Department of War’s objectives to expand the munitions industrial base, bolster supply chain resiliency, and increase domestic production in strategic priority areas. This award will accelerate missile production by increasing capacity across key nodes of the SRM component supply chain. Karman has designed,