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Karman Acquires Specialty Energetics And Propellant Supplier Industrial Solid Propulsion

Cal Biesecker By
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Karman Acquires Specialty Energetics And Propellant Supplier Industrial Solid Propulsion
Industrial Solid Propulsion has capabilities in mixing, casting, curing, assembly, and more. Photo: ISP

Karman Space & Defense [KRMN] on Thursday said it has acquired Industrial Space Propulsion (ISP) to strengthen its position in energetics and expand its capabilities in small-diameter solid propellant technologies. The $60 million acquisition included $50 million in cash, $5 million in Karman stock, and $5 million in potential earn-out payments. ISP has proprietary propellant formulations and tactical motor configurations. The Utah-based company has capabilities in design and engineering, mixing, casting, curing, machining, assembly, and testing. ISP’s motors and energetics…

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