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Karman Space & Defense awarded $21.3M contract from Northrop Grumman

Seeking Alpha · Jul 22, 2026 13:16 · 1 min read

ZIM Integrated Shipping Services will not pay dividend due to Q1 losses — Karman Space & Defense awarded $21.3M contract from Northrop Grumman

Karman Space & Defense (KRMN) said on Wednesday that Northrop Grumman (NOC) has awarded a $21.3M contract for the proof of manufacture (POM) phase of the U.S. Navy’s MK 54 torpedo fleet exercise section program. The MK 54 Fleet Exercise Section (FES) is a recoverable training configuration used in U.S. Navy anti-submarine warfare exercises involvin...

The 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.

Source: Press Release

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