Karman Holdings surged and Redwire rocketed higher Tuesday after the Missile Defense Agency selected the firms as part of a $151 billion aerial defense program.
The Missile Defense Agency on Tuesday selected Karman Holdings (KRMN) and Redwire (RDW) for its Scalable Homeland Innovative Enterprise Layered Defense (SHIELD) initiative, the two companies announced. The goal of the program is to expedite development and deployment of aerial defense technologies, such as various missiles and cyber threats. The technology from the SHIELD program will be used to help develop President Donald Trump's "Golden Dome."
Karman and Redwire were awarded indefinite-delivery/indefinite-quantity (IDIQ) contracts, which encompass a broad range of work areas that allow for "rapid delivery of innovative capabilities."
However, Redwire's announcement noted that "there is no guaranteed revenue with the award of the SHIELD IDIQ contract." Karman's release did not include a similar statement and did not mention potential revenue figures for the program.
The MDA already awarded 2,440 vendors contracts as part of the SHIELD program in various batches in December and January.
KRMN stock pushed 4.3% higher Tuesday, swinging back toward its record high of 116.90 from Jan. 22.
Shares have already rallied almost 55% this year. KRMN stock is in a profit-taking zone following an early-January cup-with-handle breakout.
Redwire stock popped about 30% Tuesday, jumping above support at its 200-day line.
RDW shares have rebounded 191% from their late-November lows through Monday. Redwire is up 87% in 2026.
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