Kaman

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Unmanned K-Max makes first delivery for Marines in Afghanistan

Unmanned K-Max makes first delivery for Marines in Afghanistan

23-Dec-2011Source: US Marine Corps

Unmanned systems have revolutionized combat aviation, providing a colossal advantage in the fight against terror with surveillance and close-air support. Recently, a detachment of Marines from Marine Unmanned Aerial Vehicle Squadron 1 in Afghanistan added aerial resupply to the list of UAV capabilities. The detachment completed its first unmanned aerial system cargo delivery in a... Read more

Kaman acquires Vermont Composites

Kaman acquires Vermont Composites

3-Nov-2011Source: Kaman

Kaman Corporation (nasdaq-gs:KAMN) today announced that its subsidiary, Kaman Aerospace Group, Inc., has entered into an agreement to acquire Vermont Composites Inc., a leader in the design and manufacture of composite aerostructures and advanced composite medical equipment based in Bennington, Vermont. Gregory L. Steiner, President of Kaman Aerospace Group commented, “This is an excellent acquisition... Read more

Unmanned K-Max wins award

Unmanned K-Max wins award

11-Oct-2011Source: Kaman

The Kaman Unmanned K-MAX cargo helicopter has received the Platinum Innovation Prize from the Connecticut Quality Improvement Award Partnership, Inc. The Unmanned K-MAX is an innovative helicopter that combines unique lift efficiency with the flexibility of programmable unmanned flight to handle a wide variety of military and civil missions. “Even in an uncertain economy, Kaman... Read more

Unmanned K-Max gets Afghanistan call-up

Unmanned K-Max gets Afghanistan call-up

6-Oct-2011Source: Kaman

The Marine Corps will deploy the Lockheed Martin [NYSE: LMT] and Kaman [NASDAQ-GS: KAMN] unmanned K-MAX® to Afghanistan next month. The decision follows the successful completion of a five-day Quick Reaction Assessment for the U.S. Navy’s Cargo Unmanned Aircraft Systems (UAS) program. A formal report, released last week by Commander Operational Test and Evaluation Force, confirmed that... Read more

Kaman awarded $12M to support Egyptian SH-2G Seasprites

Kaman awarded $12M to support Egyptian SH-2G Seasprites

4-Oct-2011Source: US DoD

Kaman Aerospace Corp., Bloomfield, Conn., is being awarded an $11,978,497 firm-fixed-price, cost-plus-fixed-fee contract for engineering technical services in support of four Egyptian Air Force 5H-2G(E) aircraft under the Foreign Military Sales Program. Services to be provided include aircraft, structural and system inspections, and repairs. Work will be performed in Bloomfield, Conn., and is expected to... Read more

Ecuador requests two SH-2Gs

Ecuador requests two SH-2Gs

29-Sep-2011Source: DSCA

The Defense Security Cooperation Agency notified Congress today of a possible Foreign Military Sale to the Government of Ecuador of refurbishment of 2 SH-2G  Helicopters and associated equipment, parts, training and logistical support for an estimated cost of $60 million. The Government of Ecuador has requested a possible sale for the refurbishment of two SH-2G... Read more

K-Max completes US Navy unmanned cargo assessment

K-Max completes US Navy unmanned cargo assessment

7-Sep-2011Source: Lockheed Martin

The Lockheed Martin [NYSE: LMT]-led unmanned K-MAX® team successfully completed a five-day Quick Reaction Assessment (QRA) for the U.S. Navy’s Cargo Unmanned Aircraft Systems (UAS) program. “The autonomous flying K-MAX is designed to resupply Marines on the battlefield and in remote locations,” said Roger Il Grande, director of Airborne Systems at Lockheed Martin Mission Systems... Read more

Kaman reports FY2011 Q2 Results

Kaman reports FY2011 Q2 Results

10-Aug-2011Source: Kaman

Neal J. Keating, Chairman, President and Chief Executive Officer, stated, “We are very pleased with our second quarter results, which reflect continuing sales growth and improved profitability, in each of our businesses. In Industrial Distribution, we again achieved record sales and as a result of the higher volume and our focus on profitability improvement delivered... Read more

Kaman Helicopters appoints new Proposals Manager

Kaman Helicopters appoints new Proposals Manager

2-Aug-2011Source: Kaman

Representatives of Kaman Aerospace Corporation announced today that aerospace industry veteran Jeff Sharbaugh has joined the Helicopters Division as Proposal Manager. In his new role, Sharbaugh will be responsible for leading the ongoing efforts of the company’s proposal team, as well as supporting the expanding business development activities for Kaman Helicopters. “Jeff brings tremendous experience... Read more

Cargo UAS tests to begin at Pax River

Cargo UAS tests to begin at Pax River

8-Jul-2011Source: US Navy

The Navy and Marine Corps’ plans to field a cargo unmanned aircraft system are moving forward as the first of two potential UAS helicopters landed at Pax River, July 1. The Navy and Marine Corps Multi-Mission Tactical Unmanned Air Systems program office (PMA-266) coordinated the arrival of Lockheed Martin’s KMAX helicopter, one of the systems... Read more

Kaman Board of Directors Declares Dividend

Kaman Board of Directors Declares Dividend

8-Jun-2011Source: Kaman

The Kaman Corporation board of directors today declared a regular quarterly dividend of 14 cents per common share. The dividend will be paid on July 5, 2011 to shareholders of record on June 20, 2011. Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut conducts business in the... Read more

Kaman looking to expand Jacksonville plant, creating 200 jobs

Kaman looking to expand Jacksonville plant, creating 200 jobs

10-May-2011Source: Florida Times-Union

Kaman Aerospace Corp. is seeking financial incentives from the city and state for a 200-job expansion of its aviation manufacturing plant. The Jacksonville Economic Development Commission is scheduled to vote Thursday on a recommendation that will go next to City Council.... Read more

Kaman to present at the JP Morgan Aviation Conference

Kaman to present at the JP Morgan Aviation Conference

22-Mar-2011Source: Kaman

Kaman Corporation (NASDAQ-GS:KAMN) today announced that the Company will be presenting at the J.P. Morgan Aviation, Transportation, and Defense Conference 2011 on Wednesday, March 23, 2011 in New York, NY. The presentation is scheduled to begin at 2:40 PM Eastern time. Investors and interested parties may access a live audio webcast in the Conferences and Presentations... Read more

Unmanned K-MAX achieves numerous “Firsts” during recent demo flights

Unmanned K-MAX achieves numerous “Firsts” during recent demo flights

24-Feb-2011Source: Lockheed Martin

Kaman Aerospace Corporation, a subsidiary of Kaman Corporation [NASDAQ GS: KAMN], and the U.S. Army Natick Soldier Research, Development and Engineering Center (NSRDEC) recently made aviation history with the Unmanned K-MAX helicopter by successfully completing multiple guided airdrops via sling load at 10,000 ft above sea level. In four separate flights conducted January 24-25, 2011,... Read more

Indusry pioneer Charles H Kaman dies at 91

Indusry pioneer Charles H Kaman dies at 91

1-Feb-2011Source: Kaman

Kaman Corporation (NASDAQ-GS:KAMN) released the following statement today from Neal J. Keating, Chairman, President and Chief Executive Officer. “It is with great sadness that we announce today the passing of our founder and Chairman Emeritus, Charles H. Kaman. Mr. Kaman passed away peacefully this morning. “Charlie Kaman, as he was affectionately known by so many, was... Read more

LaBarge receives $1.3M contract for S-70i cockpit wiring harnesses

LaBarge receives $1.3M contract for S-70i cockpit wiring harnesses

18-Jan-2011Source: LaBarge

LaBarge, Inc., a provider of electronics manufacturing services (EMS), has been awarded a contract valued at $1.3 million from Kaman Aerospace Corporation to provide cockpit wiring harnesses for the S-70iâ„¢ BLACK HAWK military helicopter, the international variant of the BLACK HAWK helicopter. Kaman is a subcontractor to Sikorsky Aircraft Corp., a subsidiary of United Technologies... Read more

K-Max constructs 120 ft tower in rain-soaked Queensland

K-Max constructs 120 ft tower in rain-soaked Queensland

17-Jan-2011Source: Kaman

QUEENSLAND, Australia, January 17, 2011 – A Kaman K-MAX®  Aerial Truck flown by Skywork Helicopters, a leading provider of helicopter services in New Zealand and Australia, recently lifted six sections of a 120-ft electrical power transmission tower perfectly into place, enabling construction workers to bolt the sections together and complete the entire tower assembly in... Read more

LaBarge receives $1.6M contract from Kaman for MH-60S program

LaBarge receives $1.6M contract from Kaman for MH-60S program

4-Jan-2011Source: LaBarge

LaBarge, Inc. (NYSE Amex: LB), a provider of electronics manufacturing services (EMS), has been awarded a contract valued at $1.6 million from Kaman Aerospace Corporation to provide cockpit wiring harnesses for the MH-60S SEAHAWK® helicopter. The MH-60S is a multi-mission helicopter that combines the transportation capability of the UH-60L BLACK HAWK helicopter and the unique... Read more

Kaman awards LaBarge $8.4M in Black Hawk contracts

Kaman awards LaBarge $8.4M in Black Hawk contracts

17-Dec-2010Source: LaBarge

LaBarge, Inc. (NYSE Amex: LB), a provider of electronics manufacturing services (EMS), has been awarded contracts valued at approximately $8.4 million from Kaman Aerospace Corporation to provide cockpit wiring harnesses for several models of the BLACK HAWK helicopter. Kaman is a subcontractor to Sikorsky Aircraft Corp., a subsidiary of United Technologies Corp. (NYSE:UTX), on the... Read more

US Navy Awards $45.8M to ready unmanned K-MAX for deployment

US Navy Awards $45.8M to ready unmanned K-MAX for deployment

11-Dec-2010Source: Lockheed Martin

Washington, December 10th, 2010 — The U.S. Naval Air Systems Command awarded Lockheed Martin [NYSE: LMT] and Kaman Aerospace [NASDAQ GS: KAMN] a $45.8 million contract for K-MAX® unmanned aircraft systems for a U.S. Marine Corps evaluation of unmanned cargo resupply in an operational forward deployed environment. “The K-MAX UAS was specifically designed for the... Read more

Unmanned K-MAXs to be put to work in Afghanistan

Unmanned K-MAXs to be put to work in Afghanistan

6-Dec-2010Source: CT Now

The US Navy will pay $45.8 million for two K-MAX medium-lift aircraft, which have been redeveloped by Lockheed Martin and Kaman for use as unmanned battlefield helicopters.... Read more

Kaman announces pricing of $100M of convertible senior notes

Kaman announces pricing of $100M of convertible senior notes

16-Nov-2010Source: Kaman

Kaman Corporation (“Kaman”) announced today pricing of $100,000,000 aggregate principal amount of 3.25% convertible senior notes due 2017 (the “Convertible Notes”). The Convertible Notes were offered in a private placement solely to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The $100,000,000 aggregate principal amount... Read more

Kaman to acquire engineering design specialists Global Aerosystems

Kaman to acquire engineering design specialists Global Aerosystems

12-Nov-2010Source: Kaman

Kaman Corporation (“Kaman”) (nasdaq-gs:KAMN) today announced that it has agreed to acquire Global Aerosystems, LLC (“Global”) of Everett, Washington, a provider of aerostructure engineering design analysis and FAA certification services to the aerospace industry. Greg Steiner, President of the Kaman Aerospace Group stated, “We are pleased to welcome the employees of Global Aerosystems to Kaman... Read more

Kaman inaurugates manufacturing facility in Mexico

Kaman inaurugates manufacturing facility in Mexico

12-Nov-2010Source: Kaman

Kaman Aerostructures, a division of Kaman Aerospace Corporation, today formally inaugurated its new state of the art manufacturing facility in the city of Chihuahua. On hand for the ceremony were Alberto Chretin Castillo, Secretary of the Economy representing César Horacio Duarte Jáquez, Governor of the State of Chihuahua; Marco Adán Quezada Martinez, Mayor of Chihuahua;... Read more

Kaman awarded $18M contract to support Egyptian SH-2 fleet

Kaman awarded $18M contract to support Egyptian SH-2 fleet

1-Nov-2010Source: US DoD

Kaman Aerospace Corp., Bloomfield, Conn., is being awarded an undefinitized contract action with a not-to-exceed value of $18,125,727 for engineering technical services in support of the Egyptian Air Force’s H-2 program under the Foreign Military Sales program. Services to be provided include in-country support for operational mission requirements. Work will be performed in Bloomfield, Conn.... Read more

Lockheed Martin submits proposal for cargo UAS services request

Lockheed Martin submits proposal for cargo UAS services request

22-Oct-2010Source: Lockheed Martin

Lockheed Martin (NYSE: LMT) and Kaman Aerospace Corporation, a subsidiary of Kaman Corporation (Nasdaq: KAMN), have formally offered the K-MAX® unmanned helicopter in response to a U.S. Naval Air Systems Command request for a cargo unmanned aircraft system. Earlier this year, the unmanned K-MAX system successfully demonstrated its ability to resupply troops in a simulated... Read more

Swanson K-Max moves 2.45M pounds of boulders to over 10,000ft altitude

Swanson K-Max moves 2.45M pounds of boulders to over 10,000ft altitude

13-Sep-2010Source: Swanson Group Aviation

Swanson Group Aviation based in Grants Pass, OR, recently hauled 2.45 million pounds of boulders to the top of a 10,400 foot mountain peak in Mt. Lassen National Park in northern California with a company-owned and operated Kaman K-MAXâ„¢ cargo helicopter. The helicopter, dubbed the Aerial Truck, completed the move in just over 40 hours.... Read more

Rainier and Kaman team for California fire-fighting

Rainier and Kaman team for California fire-fighting

30-Aug-2010Source: Rainier Heli-International

Rainier Heli-International, based in Kirkland, Wash., recently helped to contain a major wildfire in California’s Sequoia National Forest with a company-owned and operated Kaman K-MAX® cargo helicopter.  The blaze, named the Bull Fire after it began on July 26, consumed nearly 16,500 acres of national forest lands by the Kern River northeast of Bakersfield.  The... Read more

Kaman Board of Directors declares dividend

Kaman Board of Directors declares dividend

11-Aug-2010Source: Kaman

The Kaman Corporation board of directors today declared a regular quarterly dividend of 14 cents per common share. The dividend will be paid on October 25, 2010 to shareholders of record on October 11, 2010. Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut conducts business in the... Read more

Kaman delivers 1,000th Black Hawk erosion protection coated main blade

Kaman delivers 1,000th Black Hawk erosion protection coated main blade

9-Jun-2010Source: Kaman

Kaman Helicopters has delivered the 1,000th helicopter rotor blade protected with Kaman’s erosion-resistant coating system. U.S. Army BLACK HAWK helicopters are utilizing main rotor blades with Kaman’s innovative coating system and have reported significantly improved blade life, increased aircraft availability and reduced maintenance requirements. The latest erosion-resistant blade delivery defines another successful chapter in Kaman’s... Read more

Unmanned K-Max wins $2.9M US Army contract

Unmanned K-Max wins $2.9M US Army contract

28-May-2010Source: Kaman

Kaman Aerospace Corporation (Kaman) announced today that the U.S. Army Aviation and Missile Research Development and Engineering Center (AMRDEC), has awarded a $2.9M contract to Kaman’s Helicopter Division. The contract will develop enhanced mission capabilities for the Unmanned K‑MAXâ helicopter. “Under the contract, Kaman Helicopters will be adding mission equipment to a test aircraft that... Read more

Kaman Delivers 500th H-60 Cockpit to Sikorsky

Kaman Delivers 500th H-60 Cockpit to Sikorsky

4-May-2010Source: Kaman

Kaman Aerostructures has recently delivered its 500th H-60 helicopter cockpit to Sikorsky Aircraft Corporation, a subsidiary of United Technologies Corp. (NYSE:UTX). The milestone UH-60M BLACK HAWK helicopter cockpit will be incorporated into an airframe which will undergo final assembly at Sikorsky’s Bridgeport, Conn. facility for delivery to the U.S. Army. Delivery of Kaman’s 500th H-60... Read more

Kaman Demonstrates Cargo Airdrop Flight Tests from Unmanned K-Max

Kaman Demonstrates Cargo Airdrop Flight Tests from Unmanned K-Max

4-May-2010Source: Kaman

Kaman Aerospace Corporation, a subsidiary of Kaman Corporation (Nasdaq GS: KAMN), has proven in recent tests that the unmanned K-MAX helicopter can resupply troops with cargo airdropped by parachute. The tests add a new delivery method for the 6,000-pound power lifter, which Lockheed Martin (NYSE: LMT) and Kaman have successfully transformed into an unmanned aircraft... Read more

Kaman to broadcast Q1 concall over the net

Kaman to broadcast Q1 concall over the net

30-Apr-2010Source: Kaman

Kaman Corp. announced that it intends to release its results for the first quarter ended April 2, 2010 on Thursday, May 6, 2010. The following morning, the Company will host a conference call to discuss these results, which will be simultaneously broadcast live over the Internet. Neal Keating, Chairman, President and Chief Executive Officer, William... Read more

Monument at Maxwell honors Vietnam War helicopter crews

Monument at Maxwell honors Vietnam War helicopter crews

24-Apr-2010Source: Montgomery Advertiser

A monument paid for by the Pedro Rescue Helicopter Association was dedicated in Enlisted Heritage Plaza, where it will stand with 15 other monuments in front of the museum... Read more

Kaman Acquires Allied Bearings Supply

Kaman Acquires Allied Bearings Supply

6-Apr-2010Source: Kaman

Kaman Corporation today announced that its subsidiary, Kaman Industrial Technologies Corporation (KIT), has completed the previously announced acquisition of Allied Bearings Supply Company (Allied) of Tulsa, Oklahoma. The transaction closed earlier today, and Allied is now part of Kaman’s Industrial Distribution Segment. Terms of the transaction were not disclosed. Allied, founded in 1934, is a... Read more

Kaman cuts composite blade development time by approx 80% with FiberSIM® Software

Kaman cuts composite blade development time by approx 80% with FiberSIM® Software

28-Feb-2010Source: Vistagy

VISTAGY, Inc., a leading provider of industry-specific engineering software and services, today announced that Kaman Helicopters, a division of Kaman Aerospace Corporation (NASDAQ-GS: KAMN) has entered into an agreement to license FiberSIM® composites engineering software. The software will be used to streamline the design-to-manufacturing process for large composite helicopter blades by providing early visibility into... Read more

Kaman Board of Directors Declares Dividend

Kaman Board of Directors Declares Dividend

24-Feb-2010Source: Kaman

The Kaman Corporation board of directors today declared a regular quarterly dividend of 14 cents per common share. The dividend will be paid on April 5, 2010 to shareholders of record on March 22, 2010. Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut conducts business in the... Read more

Team K-MAX Demos Successful Unmanned Helicopter Cargo Resupply to USMC

Team K-MAX Demos Successful Unmanned Helicopter Cargo Resupply to USMC

8-Feb-2010Source: Kaman

Lockheed Martin Corporation (NYSE: LMT) and Kaman Aerospace Corporation, a subsidiary of Kaman Corporation (Nasdaq: KAMN) have successfully demonstrated to the U.S. Marine Corps the capability of the Unmanned K-MAX® helicopter to resupply troops by unmanned helicopter at forward operating bases in Afghanistan. During a series of flights last week in subfreezing temperatures at the U.S. Army’s Dugway... Read more

Kaman to Broadcast Q4 and Full Year 2009 Conference Call Over the Net

Kaman to Broadcast Q4 and Full Year 2009 Conference Call Over the Net

8-Feb-2010Source: Kaman

Kaman Corp. (Nasdaq: KAMN) today announced that it intends to release its results for the fourth quarter and year ended December 31, 2009 after the market close on Thursday, February 25, 2010. The following morning, the Company will host a conference call to discuss these results, which will be simultaneously broadcast live over the Internet.... Read more

Kaman Helicopters Restructures; Names New Product Group GMs

Kaman Helicopters Restructures; Names New Product Group GMs

26-Jan-2010Source: Kaman

The Helicopters Division of Kaman Aerospace Corporation announced today that it has reorganized around product groups, with newly appointed general managers for each.  “The reorganization, effective immediately, is intended to support aggressive business goals and a more strategic approach to achieving growth and sales,” said Sal Bordonaro, Helicopters Division President. Tim Bates has been named... Read more

Eleven SH-2G Super Seasprites For Sale, At A Discount

Eleven SH-2G Super Seasprites For Sale, At A Discount

20-Jan-2010Source: Hartford Courant

There are 11 Kaman SH-2g(I) Super Seasprite helicopters sitting idle awaiting buyers inside an aircraft storage building at the Kaman Corp. campus in Bloomfield. These military aircraft were sold to the Australian government but were returned to Kaman who now has to re-sell them... Read more

Kaman Announces Aerospace Management Reorganization

Kaman Announces Aerospace Management Reorganization

14-Jan-2010Source: Kaman

Kaman Aerospace Group, Inc. a subsidiary of Kaman Corp. (Nasdaq: KAMN) today announced a broad organizational realignment in support of strategic growth plans.  The following appointments of executives reporting to Gregory L. Steiner, President, Kaman Aerospace Group were effective January 1, 2010: Kaman Composites is established as a newly formed operating group within the Kaman Aerospace Segment.  James... Read more

Kaman Closes on New $225M Three-Year Revolving Credit Facility

Kaman Closes on New $225M Three-Year Revolving Credit Facility

21-Sep-2009Source: Kaman

The new facility includes an accordion feature that allows the company to increase the aggregate amount available to up to $300 million with additional commitments from lenders. The initial interest rate for borrowings under the facility will be LIBOR plus 350 basis points.... Read more

Kaman Awarded $53M Composites Contract From Bell Helicopter

Kaman Awarded $53M Composites Contract From Bell Helicopter

10-Sep-2009Source: Kaman

Kaman Aerospace has been awarded a five-year contract with a potential value of $53 million to build composite helicopter blade skins and skin core assemblies for Bell Helicopters. Under the terms of the contract, Kaman will provide 18 different assemblies for H1, 406, 407, 412, 427, 429, 430 and BA609 aircraft.... Read more

Kaman CEO to Present at the Gabelli Aircraft Supplier Conference On September 10

Kaman CEO to Present at the Gabelli Aircraft Supplier Conference On September 10

4-Sep-2009Source: Kaman

Kaman’s presentation is being webcast and can be accessed via a link from the Kaman website at www.kaman.com... Read more

Kaman Receives U.S. Marine Corps Contract to Demonstrate Unmanned Cargo Delivery

Kaman Receives U.S. Marine Corps Contract to Demonstrate Unmanned Cargo Delivery

4-Sep-2009Source: Kaman

Kaman Aerospace Corporation has received an $864,000 contract from the U.S. Marine Corps on behalf of Team K-MAX to demonstrate the ability of the Unmanned K-MAX(R) helicopter to deliver cargo to troops in extreme environments and at high altitudes... Read more

Seven nations eyeing ex-RAN SH-2G(I) says Kaman

Seven nations eyeing ex-RAN SH-2G(I) says Kaman

2-Sep-2009Source: Rotorhub

Kaman says it does not expect to see a sale of former Australian SH-2G(I) Super Sea Sprite helicopters for at least another 12 months but is confirming that it is now in talks with seven countries on possible deals.... Read more

Kaman Ka32 joins ship for Chinese Antarctic research programme

Kaman Ka32 joins ship for Chinese Antarctic research programme

14-Aug-2009Source: Shanghai Daily

CHINA’S polar explorer ship Xuelong will carry a new helicopter for its next Antarctic trip following the fatal crash of its last service chopper in April.... Read more

Team K-MAX Receives US Marine Corps Contract To Demonstrate Unmanned Cargo Delivery

Team K-MAX Receives US Marine Corps Contract To Demonstrate Unmanned Cargo Delivery

13-Aug-2009Source: Lockheed Martin

Kaman Aerospace Corporation has received a contract from the U.S. Marine Corps on behalf of Team K-MAX to demonstrate the ability of the Unmanned K-MAX® helicopter to deliver cargo to troops in extreme environments and at high altitudes. Kaman will award a subcontract to Lockheed Martin to integrate a beyond line of sight data link... Read more

New details on Kaman SeaSprite financial settlement with Australia

New details on Kaman SeaSprite financial settlement with Australia

30-Apr-2009Source: Rotorhub

Australia has confirmed that the financial settlement with Kaman Aerospace allowing for transfer of the Royal Australian Navy’s eleven Super Seasprites back to the company was based on a bank guarantee rather than a cash payment.... Read more

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