Company Announcements

HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--Mar. 26, 2025-- Karman Space & Defense (NYSE: KRMN) ("Karman" or “the Company”), a leader in the design, testing, volume manufacturing, and sale of highly engineered, mission-critical subsystems for advanced missile, uncrewed aircraft, and space systems, today announced the appointment of Steven Gitlin as Vice President of Investor Relations, effective immediately. Gitlin reports to Karman Space & Defense’s Chief Financial Officer, Mike Willis.

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Karman Space & Defense Appoints Vice President of Investor Relations Steven Gitlin

Gitlin is responsible for leading Karman Space & Defense’s Investor Relations function, working with investors and equity research analysts to broaden awareness and understanding of the Company’s investment thesis, financial performance and long-term strategy.

“Karman is excited to welcome Steve to the team to lead our investor relations function. We are confident that his prior experience in the aerospace and defense industry and expertise in helping investors and analysts understand the value propositions of technology-driven companies will support our growth strategy,” said Willis. “This is an exciting time for the company. We have built a strong and diverse portfolio of valuable solutions for important end markets and we are confident Steve will strengthen our engagement with the financial community as we execute effectively on our plans to deliver profitable, long-term growth.”

Most recently, Gitlin served as Senior Vice President, Investor Relations and Marketing at Core Scientific, a digital infrastructure provider for high-performance computing. Gitlin previously served as Chief Marketing Officer and Vice President, Investor Relations at AeroVironment, a leader in intelligent multi-domain robotic systems, uncrewed aircraft and ground systems, sensors, software analytics, and connectivity, where he contributed to the company’s IPO then built and led its investor relations program for more than ten years.

“Karman Space & Defense is uniquely positioned to continue supporting our nation’s strategic imperatives in defense and space with mission-critical subsystems. I am excited to share our story and articulate our growth strategy to the investment community,” said Gitlin. “With significant content on virtually every U.S. space launch system and nearly all critical defense missile systems, Karman plays an important role in helping to protect those who protect us while furthering the evolution of the space economy.”

Gitlin earned his MBA from the Wharton School and an MA in International Studies from the Joseph H. Lauder Institute of Management and International Studies, both at the University of Pennsylvania. He earned a Bachelor of Arts from the University of California, Los Angeles.

ABOUT KARMAN SPACE & DEFENSE

We specialize in the design, testing, volume manufacturing, and sale of highly engineered, mission-critical subsystems for advanced missile, uncrewed aircraft, and space systems. Our customers choose our integrated payload protection, propulsion, and interstage system solutions to deliver mission success across a diverse set of existing and emerging programs supporting high-priority defense and commercial space sector initiatives. For more information, visit Karman-SD.com.

SAFE HARBOR STATEMENT

This announcement may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We intend all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the fact that they do not relate strictly to historical or current facts and by the use of forward-looking words such as “expect,” “expectation,” “believe,” “anticipate,” “may,” “could,” “intend,” “belief,” “plan,” “estimate,” “target,” “predict,” “likely,” “seek,” “project,” “model,” “ongoing,” “will,” “should,” “forecast,” “outlook” or similar terminology. These statements are based on and reflect our current expectations, estimates, assumptions and/ or projections, our perception of historical trends and current conditions, as well as other factors that we believe are appropriate and reasonable under the circumstances. Forward-looking statements are neither predictions nor guarantees of future events, circumstances or performance and are inherently subject to known and unknown risks, uncertainties and assumptions that could cause our actual results to differ materially from those indicated by those statements. There can be no assurance that our expectations, estimates, assumptions and/or projections, including with respect to the future earnings and performance or capital structure of Karman, will prove to be correct or that any of our expectations, estimates or projections will be achieved.

Numerous factors could cause our actual results and events to differ materially from those expressed or implied by forward-looking statements, including, without limitation, that a significant portion of our revenue is generated from contracts with the United States military and U.S. military spending is dependent upon the U.S. defense budget; U.S. government contracts are subject to a competitive bidding process that can consume significant resources without generating any revenue; our business and operations expose us to numerous legal and regulatory requirements, and any violation of these requirements could materially adversely affect our business, results of operations, prospects and financial condition; our inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete; and we have in the past consummated acquisitions and intend to continue to pursue acquisitions, and our business may be adversely affected if we cannot consummate acquisitions on satisfactory terms, or if we cannot effectively integrate acquired operations.

The forward-looking statements included in this announcement are only made as of the date of this announcement. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable law.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20250325314240/en/

Investor inquiries:
investors@karman-sd.com

Media inquiries:
press@karman-sd.com

Source: Karman Space & Defense