Karman Space & Defense to acquire Glasgow's Walker Precision Engineering for $94M

Karman Space & Defense (NYSE: KRMN) announced on 20 July 2026 an agreement to acquire Glasgow-headquartered Walker Precision Engineering for approximately $94 million (£70 million) — the company's first major international expansion and its entry into the European defence market.

Walker Precision Engineering is a long-established supplier of advanced components and subsystems for the European missile industry, providing integrated engineering, advanced materials design, precision machining, electroplating and electromechanical assembly across missile seekers, guidance systems and flight control technologies. Its products support more than 25 European tactical missile, air-defence and aerospace programmes for leading prime contractors.

Walker's operations in Scotland, England and Poland will extend Karman's manufacturing network beyond its current 17 facilities across eight US states, adding established relationships with major European defence primes. The transaction is expected to close during the third quarter of Karman's fiscal 2026, subject to regulatory approvals. CEO Jon Rambeau said the deal reflects Karman's strategy of investing in capabilities that let customers respond to growing demand across defence and space markets.