What Happened
US Defense Tech Firm Enters European Missile Market
Karman Holdings, the parent company of Karman Space & Defense, has announced the acquisition of Walker Precision Engineering, a Glasgow-based company that supports missile seekers and guidance systems for European Union tactical missile programs. The $94 million deal is expected to expand Karman’s addressable market and create new opportunities for development, cross-selling, and export. The acquisition is part of Karman’s growth strategy, with the company having announced several acquisitions and changes in leadership this year. The deal was reported by Aviation Week.