Austin Bohlig
Needham & Company, LLC, Research Division

All right. Is this on? Okay. I think we can start. Well, thank you, everyone, for joining us for this fireside chat with the CEO of Karman, Jon Rambeau.

Karman is actually one of my favorite ways to play this early stages of a defense tech cycle. They are a key merchant supplier to almost all of the key missile space, unmanned systems, hypersonics programs out there. And so super excited to have John here.

Austin Bohlig
Needham & Company, LLC, Research Division

And so John, I think just to start, for people that might be newer to the story, can you give us a high-level overview of Karman, what you guys do, where you sit in the value chain and how the business has evolved over time?

Jonathan Rambeau
Chief Executive Officer

Sure. Sure. Thank you. Karman really is unique in where the company sits in the space and defense value chain. We're a purpose-built company. We have a presence in high-growth parts of both the defense and space market. And the thesis of the company was to target these high-growth areas.

We have, in most cases, put together smaller businesses that had deep history in the industry. So in some cases, decades-long relationships with our customers. And we operate exclusively at that second layer of the supply chain as a merchant supplier to both the traditional businesses as well as the new entrants in Space and Defense. We have representation across over 130 programs and over 80 prime level customers. So we support virtually all