Why These Defense Stocks Are Gaining This Week

3. Karman Holdings Inc. (NYSE:KRMN)

Weekly Gains: 13.78%

Karman Holdings Inc. (NYSE:KRMN) specializes in the manufacturing and sale of mission-critical systems for missile, space, and defense programs. It debuted on the NYSE on February 13 and shot up from its initial public offering price of $22 per share to $30.05 on the first day of trading.

The stock has been volatile since then, going down for a few days before picking up again. It registered gains of 13.78% over the past week, as of the close of the day on March 3. The overall prospects for Karman Holdings Inc. (NYSE:KRMN) look encouraging, given the high expectations among investors around space stocks under the Trump administration.

Moreover, last month the US president signed an executive order to mandate the process of building an ‘American Iron Dome’, which presents an opportunity for companies like Karman Holdings Inc. (NYSE:KRMN) to benefit considering its expertise in areas like hypersonic missile defense.