{"id":41942,"date":"2026-07-22T18:00:00","date_gmt":"2026-07-22T16:00:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=80d4474d5c21b1f1aaf5c8cc89ccca34"},"modified":"2026-07-22T18:00:00","modified_gmt":"2026-07-22T16:00:00","slug":"karman-space-defense-awarded-21-3-million-contract-by-northrop-grumman-for-u-s-navy-mk-54-torpedo-fleet-exercise-section","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=41942","title":{"rendered":"Karman Space &amp; Defense Awarded $21.3 Million Contract by Northrop Grumman for U.S. Navy MK 54 Torpedo Fleet Exercise Section"},"content":{"rendered":"<p class=\"bwalignc\">\n<i>Providing speed, agility and scale to accelerate critical defense programs from concept development through production<\/i><\/p><p>HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--<a href=\"https:\/\/twitter.com\/search?q=%24KRMN&src=ctag\" >$KRMN<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/ImpossibleEndsHere?src=hash\" >#ImpossibleEndsHere<\/a>--<a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fkarman-sd.com%2F&amp;esheet=54574841&amp;newsitemid=20260722222702&amp;lan=en-US&amp;anchor=Karman+Space+%26amp%3B+Defense&amp;index=1&amp;md5=82d145b6be8e470b7de1426989aefabf\" rel=\"nofollow\" shape=\"rect\">Karman Space &amp; Defense<\/a> (\u201cKarman,\u201d \u201cKarman Holdings Inc.\u201d or \u201cthe Company\u201d) (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\u2019s core mission priorities and the nation\u2019s accelerating demand for access to space, today announced that Northrop Grumman Corporation has awarded a $21.3 million contract for the Proof of Manufacture (\u201cPOM\u201d) phase of the U.S. Navy\u2019s MK 54 Torpedo Fleet Exercise Section (\u201cFES\u201d) program.<\/p><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260722222702\/en\/2857224\/5\/MK_54_Torpedo_Karman_Space_Defense.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260722222702\/en\/2857224\/22\/MK_54_Torpedo_Karman_Space_Defense.jpg\" \/><\/a><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260722222702\/en\/2857224\/5\/MK_54_Torpedo_Karman_Space_Defense.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260722222702\/en\/2857224\/21\/MK_54_Torpedo_Karman_Space_Defense.jpg\" \/><\/a><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260722222702\/en\/2416093\/5\/Karman_Space_and_Defense_Logo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260722222702\/en\/2416093\/22\/Karman_Space_and_Defense_Logo.jpg\" \/><\/a><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260722222702\/en\/2416093\/5\/Karman_Space_and_Defense_Logo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260722222702\/en\/2416093\/21\/Karman_Space_and_Defense_Logo.jpg\" \/><\/a><p>\nThis contract award builds on Karman\u2019s decades of proven performance as a critical supplier of maritime defense systems across submarine, surface ship, and autonomous naval platforms, including mission critical undersea warfare and fleet readiness applications.<\/p><p>\nThe MK 54 Fleet Exercise Section (FES) is a recoverable training configuration used in U.S. Navy anti-submarine warfare exercises involving the MK 54 lightweight torpedo. It replaces the live warhead with a non-explosive exercise and recovery assembly, enabling safe deployment in training environments, collection of performance data, and recovery of the system for reuse. The FES supports fleet readiness, reduces lifecycle training costs, and enhances safety during operational training.<\/p><p>\nThe MK 54 Lightweight Torpedo is deployed across multiple platforms, including submarines, aircraft, and surface ships operated by the U.S. Navy and allied partner nations.<\/p><p>\nThe POM phase will validate the system\u2019s design, manufacturing, and testing processes while supporting the transition to Low-Rate Initial Production (\u201cLRIP\u201d), enabling the U.S. Navy to conduct full system qualification prior to fleet fielding.<\/p><p>\n\u201cWe\u2019re excited to move forward from the Proof of Demonstration phase to the Proof of Manufacture phase for the next generation of the U.S. Navy\u2019s MK 54 Fleet Exercise Section,\u201d said Jon Rambeau, chief executive officer of Karman. \u201cThe FES is an innovative solution to a complex challenge that Karman developed, tested and is now poised to produce for the Navy. Serving our nation\u2019s military needs is core to our mission and drives our team to achieve the impossible every day.\u201d<\/p><p>\n<b>About Karman Space &amp; Defense<\/b><\/p><p>\nKarman Space &amp; 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 Defense\u2019s core mission priorities and the nation\u2019s accelerating demand for access to space. Building on nearly 50 years of success, we deliver Payload Protection &amp; Deployment Systems, Hydro\/Aerodynamic Interstage Systems, and Propulsion &amp; Launch Systems to more than 80 prime contractors supporting over 130 space and defense programs. Karman is headquartered in Huntington Beach, California, with multiple facilities across the United States. For more information, visit <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fkarman-sd.com%3Futm_source%3Dchatgpt.com&amp;esheet=54574841&amp;newsitemid=20260722222702&amp;lan=en-US&amp;anchor=Karman+Space+%26amp%3B+Defense&amp;index=2&amp;md5=8df62ec2bae318cc44f25ba7f303f7ae\" rel=\"nofollow\" shape=\"rect\">Karman Space &amp; Defense<\/a>.<\/p><p>\n<a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fkarman-space-defense&amp;esheet=54574841&amp;newsitemid=20260722222702&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=3&amp;md5=a9df05db1fd361f8569430f814aeabd5\" rel=\"nofollow\" shape=\"rect\">LinkedIn<\/a><br\/><a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fx.com%2Fkarman_spacedef&amp;esheet=54574841&amp;newsitemid=20260722222702&amp;lan=en-US&amp;anchor=X&amp;index=4&amp;md5=9b2b33dbf4a7c2e7ef46024dae67acf1\" rel=\"nofollow\" shape=\"rect\">X<\/a><br\/><a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.instagram.com%2Fkarman_spacedef%2F&amp;esheet=54574841&amp;newsitemid=20260722222702&amp;lan=en-US&amp;anchor=Instagram&amp;index=5&amp;md5=0f9cde3259348f19399f9b9668fa95dc\" rel=\"nofollow\" shape=\"rect\">Instagram<\/a><br\/><a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.youtube.com%2F%40karmanspacedefense&amp;esheet=54574841&amp;newsitemid=20260722222702&amp;lan=en-US&amp;anchor=YouTube&amp;index=6&amp;md5=280bcc6d90a0361a2c110c70f50870d3\" rel=\"nofollow\" shape=\"rect\">YouTube<\/a><\/p><br\/> <b>Contacts<\/b> <br\/><p>\nInvestor inquiries:\n<br\/>Steven Gitlin\n<br\/><a  href=\"mailto:investors@karman-sd.com\" rel=\"nofollow\" shape=\"rect\">investors@karman-sd.com<\/a><\/p><p>\nMedia inquiries:\n<br\/><a  href=\"mailto:press@karman-sd.com\" rel=\"nofollow\" shape=\"rect\">press@karman-sd.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Providing speed, agility and scale to accelerate critical defense programs from concept development through productionHUNTINGTON BEACH, Calif.&#8211;(BUSINESS WIRE)&#8211;$KRMN #ImpossibleEndsHere&#8211;Karman Space &amp; Defense (\u201cKarman,\u201d \u201cKarman Holdings Inc.\u201d or&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-41942","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/41942","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41942"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/41942\/revisions"}],"predecessor-version":[{"id":41943,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/41942\/revisions\/41943"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}