Karman completed the acquisition of Five Axis for $88m.

Karman, an American fabricator of space and defense systems, completed the acquisition of Five Axis, a provider of precision-engineered solutions, for $88m. “We are thrilled to add Five Axis to the Karman family. This acquisition strengthens our core competency in the engineering and manufacturing of mission-critical subsystems for the space market. Five Axis is a unique asset within the space supply chain whose proven expertise and successful track record in proprietary engine products is a natural extension of the Karman platform. Their customer and program relationships create compelling opportunities to accelerate our growth and create shareholder value,” Tony Koblinski, Karman Space & Defense Chief Executive Officer.