Kaman and PHI Aviation Announce Commercial Agreement

Kaman and PHI Aviation Announce Commercial Agreement

8-Mar-2023 Source: Kaman

Kaman Corporation (NYSE: KAMN) and PHI Aviation LLC (“PHI”) announced at the 2023 HAI Heli-Expo that Kaman’s subsidiary, Kaman Aerospace Corporation (“Kaman”) and PHI have entered into a master commercial agreement for the promotion, sales and support of a commercial version of Kaman’s KARGO UAVTM unmanned aerial system, including collaboration relating to its ongoing design and certification. In connection with that agreement, Kaman and PHI entered into a Non-Binding Memorandum of Understanding that outlines PHI’s intent to purchase 50 units of Kaman’s commercial KARGO UAVTM. Kaman and PHI expressed their commitment to work together to bring KARGO UAVTM to the broader commercial market and offer field support in the future.

KARGO UAVTM is a purpose-built autonomous medium-lift logistic vehicle that is being developed for military and civilian use to meet real-world requirements for today and into the future. It is designed to be capable of carrying 800 lbs., flying 500 miles, and hover for an extended period without the requirement to transition to forward flight. These capabilities make the KARGO UAVTM ideal for PHI and its core customers. PHI takes on some of the most challenging assignments in aviation to deliver high-quality support for energy providers, hospitals, air medical organizations, and government and military organizations.

“PHI is one of the most respected vertical lift suppliers in the energy, air medical and MRO industries,” said Carroll Lane, President of the Kaman Precision Products Segment. He added, “We are delighted they have chosen KARGO UAVTM to meet the anticipated needs of their customers. PHI’s reputation for excellence, commitment to safety, and innovation leadership made them the most fitting launch customer for Kaman.”

“We look forward to working together with Kaman to augment our present fleet offering for our customers. With the addition of KARGO UAVTM to our fleet, we will be expanding our capabilities and adding value in a way that complements our core business. Kaman’s long history in heavy-lift rotorcraft systems and our shared commitment to safety makes them the perfect partner for PHI Aviation,” said Keith Mullett, Managing Director of PHI Aviation.

PHI has been a market leader and pioneer in the aviation industry for more than 74 years, partnering with customers to bring new technology to market. With a fleet of more than 200 helicopters spanning six continents, PHI embraces innovation to drive strategic growth and create new opportunities to better serve its customers.

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