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Leo Miller

This Defense Stock Is Up 113% This Year—Is It Still a Buy?

In 2025, mid-cap defense stock Karman (NYSE: KRMN) is quietly taking the market by storm.

As of the Sept. 15 close, Karman has notched a nearly 113% return on the year. That’s the second-highest year-to-date (YTD) return among all U.S. aerospace and defense stocks with market capitalizations above $2 billion. Only Kratos Defense & Security Solutions (NASDAQ: KTOS) tops Karman’s gain.

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