(Bloomberg) — Karman Holdings Inc., a maker of integrated systems for space and defense programs backed by Trive Capital, has filed for an initial public offering.

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The Huntington Beach, California-based company, which has been doing business as Karman Space and Defense, disclosed growing profits in its filing Tuesday with the US Securities and Exchange Commission.

Karman had net income of $11 million on revenue of $254 million for the nine months ended Sept. 30, compared with a net loss $342,182 on revenue of $203.7 million a yr earlier, in response to the filing.

An inventory for the Huntington Beach, California-based supplier to firms including Northrop Grumman Corp. and Lockheed Martin Corp. could raise $400 million to $500 million, Bloomberg News reported in December. Trive was exploring options for Karman including a sale or IPO that might value it at about $3 billion or more, people acquainted with the matter have said.

Karman makes a speciality of the design, testing, manufacturing, and sale of systems for missile and defense and space programs, the filing shows. The corporate has about 1,100 employees across locations in California, Oregon, Washington state and Alabama, in response to the filing.

After the IPO, affiliates of Trive will proceed to carry the vast majority of shareholder voting power. Based in Dallas, the private equity firm has greater than $7 billion of regulatory assets under management, its website shows.

The offering is being led by Citigroup Inc. and Evercore Inc., the filing shows. The corporate plans for its shares to trade on the Recent York Stock Exchange under the symbol KRMN.

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