Karman Space & Defense secures a $21.3M deal for the U.S. Navy’s MK 54 torpedo fleet exercise section program.
Karman Space & Defense (KRMN) announced a $21.3M contract from Northrop Grumman (NOC) for the proof of manufacture phase of the U.S. Navy’s MK 54 torpedo fleet exercise section program.
The contract focuses on the MK 54 Fleet Exercise Section, a critical component for naval training and operational readiness. No prior contract value or consensus estimates were disclosed for this phase.
The award underscores growing defense spending on torpedo systems amid heightened naval modernization efforts.