Karman Space & Defense Acquires Walker Precision Engineering for $94 Million

Karman Space & Defense to Acquire Walker Precision Engineering (Walker Group) for $94 Million, Expanding Presence in European Defense

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Karman Space & Defense has agreed to acquire Glasgow-based Walker Precision Engineering for approximately $94 million (£70 million), expanding the company's presence in the European defense and space market.

Walker specializes in precision manufacturing, advanced materials, electroplating, electromechanical assemblies, and engineering services that support more than 25 European tactical missile, guidance, and defense programs. Its capabilities serve major aerospace and defense prime contractors across Europe.

Karman said the acquisition will establish its first European manufacturing footprint, complementing its existing network of 17 facilities across eight U.S. states.

The company expects the transaction to expand its addressable market, strengthen relationships with European defense customers, and create opportunities for technology collaboration and cross-selling.

CEO Jon Rambeau said Walker's expertise in missile and aviation systems aligns closely with Karman's portfolio and will help meet growing demand from the U.S. Department of Defense and allied nations.

Walker CEO George Adams said joining Karman will enable the company to build on years of investment in its people, facilities, and manufacturing capabilities.

Karman expects the acquisition to close during the third quarter of fiscal 2026, subject to customary regulatory approvals, and to be immediately accretive to revenue, backlog, adjusted EBITDA, earnings per share, and cash flow.

Image Credits: Karman Space & Defense