
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.