# If Karman Holdings moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/karman · Facet: ripple · Updated: 2026-07-12T08:23:15.298703+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, Karman Holdings is directly linked to 2 companies (0 supply, 2 revenue relationships) and reaches 2 companies within two hops; the links are backed by 3 dated sources, 1 of them primary filings (as of 2026-07-12).

Karman Holdings operates across NYSE, Defense components, Hypersonic & missile propulsion. It is down -45.4% in 2026. The demand side (avg -13.2%) leads the stock (-45.4%), so customer moves come first here. Among connected nodes the furthest ahead is Lockheed Martin (+10.6%) and the furthest behind is Kratos Defense (-37%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. A trusted supplier to primes like Northrop and Lockheed, the propulsion axis of the missile and space component chain.

## Demand chain (leading)
- T1 Kratos Defense (https://valuechain.wiki/kratos.md)
- T2 Lockheed Martin (https://valuechain.wiki/lockheed-martin.md)
- T3 Korea Aerospace Industries (https://valuechain.wiki/kai.md)

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Full node: https://valuechain.wiki/karman.md · JSON: https://valuechain.wiki/karman.json