Michael Fisher's questions to Karman Holdings (KRMN) leadership • Q2 2025
Question
Michael Fisher, on for Amit Daryanani, requested an overview of Carmen's exposure to various drone programs, including lower-cost systems. He also asked whether the company anticipates the Golden Dome program's launch volume will be dominated by a single provider like SpaceX or involve multiple launch partners.
Answer
CEO Tony Koblinski confirmed involvement in key programs like Switchblade and Coyote and stated a goal to partner across the unmanned systems spectrum, which he sees as a major growth driver. He asserted that the Golden Dome program will "without question" require multiple launch providers, noting Carmen is agnostic as it supplies components to nearly all major US launch companies.