Feb 5 (Reuters) - Defense and space systems maker Karman

Holdings said on Wednesday that it is targeting a valuation of

up to $2.6 billion in its New York initial public offering.

The company and selling shareholders are seeking up to $421

million by offering about 21 million shares priced between $18

and $20 each.

Federal Reserve's monetary policy easing, strong equity

markets and hopes of a friendlier regulatory environment for

deals and offerings under U.S. President Donald Trump's

administration have improved startup's sentiments in listing

their shares.

Karman will list its shares on the New York Stock Exchange

under the ticker symbol "KRMN".