Karman Space & Defense completed the acquisition of Industrial Solid Propulsion.

Karman Space & Defense, an American fabricator of space and defense systems, completed the acquisition of Industrial Solid Propulsion, a specialty energetic propulsion technologies provider. Financial terms were not disclosed. “We have been working collaboratively with ISP on a number of exciting opportunities for many months and believe that ISP is a natural, strategic fit within the Karman portfolio. This acquisition strengthens our core competency in energetics, expands our offering in small-diameter solid propellant technologies and will allow us to serve our customers even better. ISP’s proprietary portfolio of propellant formulations and unique manufacturing capabilities furthers Karman’s mission of leveraging advanced technologies to drive agile solutions for customers across the space and defense market. We welcome the talented ISP team to Karman and look forward to working together to deliver even more value to our customers,” Tony Koblinski, Karman CEO.