Jul. 20 at 8:44 PM
Karman Holdings announced that its Karman Space & Defense unit will acquire UK-based Walker Precision Engineering for approximately
$94 million, expanding the company's footprint into Europe. The deal, unveiled at the Farnborough Airshow, adds Walker's capabilities in missile seekers, guidance systems, advanced materials engineering, precision machining, electroplating, and electromechanical assemblies across more than 25 European missile, aviation, and defense programs.
Walker operates facilities in Scotland, England, and Poland, complementing Karman's 17 U.S. sites. Management expects the acquisition to broaden its addressable market through relationships with major European aerospace and defense contractors and create cross-selling and export opportunities. Founded in 1979, Walker serves aerospace, defense, and space customers with vertically integrated manufacturing capabilities.
$KRMN