M&A Deal Summary

Karman Space & Defense Acquires Industrial Solid Propulsion

On May 28, 2025, Karman Space & Defense acquired aerospace company Industrial Solid Propulsion

Acquisition Highlights
  • This is Karman Space & Defense’s 1st transaction in the Aerospace sector.
  • This is Karman Space & Defense’s 2nd transaction in the United States.
  • This is Karman Space & Defense’s 1st transaction in Utah.

M&A Deal Summary

Date 2025-05-28
Target Industrial Solid Propulsion
Sector Aerospace
Buyer(s) Karman Space & Defense
Deal Type Add-on Acquisition
Advisor(s) KAL Capital Markets LLC (Financial)

Target

Industrial Solid Propulsion

Cedar, Utah, United States
Industrial Solid Propulsion specialty energetic propulsion technologies, including small boost motors and solid propellant gas generators for the rapidly growing UAS, UAS intercept, and rocket-assisted takeoff systems markets. Industrial Solid Propulsion was founded in 1983 and is based in Cedar City, Utah.

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Buyer(S) 1

Buyer

Karman Space & Defense

Huntington Beach, California, United States

Category Company
Sector Aerospace
DESCRIPTION

Karman Space & Defense specializes in the design, development, and production of next-generation technologies to combat near-peer nation-state threats, focused on critical, integrated systems for the hypersonic, missile defense, UAV, and space sectors. The company's core technology offerings include propulsion, deployable shrouds, launchers, and energetic subsystems. Karman Space & Defense is based in Huntington Beach, California.


DEAL STATS #
Overall 2 of 3
Sector: Aerospace M&A 1 of 2
Type: Add-on Acquisition M&A Deals 2 of 3
State: Utah M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2025 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-04 Metal Technology

Albany, Oregon, United States

Metal Technology develops a proprietary product portfolio of niche, intellectual property-rich capabilities with a deep expertise in refractory metal alloys such as tantalum, zirconium, niobium, vanadium and molybdenum. The company's products serve a critical role in optimizing system performance and operate in highly corrosive, ultra-high-temperature payload deployment and propulsion environments associated with next-generation strategic missiles. Metal Technology was formed in 1986 and is based in Albany, Oregon.

Buy $90M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-30 Five Axis Industries

Arlington, Washington, United States

Five Axis Industries provides precision machining and manufacturing services for aerospace, defense, and space applications. Five Axis Industries is headquartered in Arlington, Washington.

Buy -