Karman Holdings is trading at $48.12 (+5.00%) in pre-market. The significant rise follows: - Karman Holdings' announcement on July 14 that it will join the S&P SmallCap 600 index, effective before market open on July 17. - A reported $2.7 million investment, also on July 14, to expand its Pennsylvania facility, boosting capacity for defense technologies for the U.S. Navy and allied forces. - Ongoing investor optimism regarding the company's defense backlog potential and 2026 earnings outlook, as highlighted in recent analyst coverage.