Trive-Backed Space and Defense Firm Karman Files for US IPO

Karman Holdings Inc., a maker of integrated systems for space and defense programs backed by Trive Capital, has filed for an initial public offering.

The Huntington Beach, California-based company, which has been doing business as Karman Space and Defense, disclosed growing profits in its filing Tuesday with the US Securities and Exchange Commission.

Karman had net income of $11 million on revenue of $254 million for the nine months ended Sept. 30, compared with a net loss $342,182 on revenue of $203.7 million a year earlier, according to the filing.

A listing for the Huntington Beach, California-based supplier ...