Kaman Aerosystems today announced delivery of its 1,000th H-60 helicopter cockpit to Sikorsky Aircraft Corporation (Sikorsky). The milestone UH-60M BLACK HAWK helicopter cockpit was incorporated into an H-60 airframe that underwent final assembly at Sikorsky’s Bridgeport, Connecticut facility and was delivered to the U.S. Army. Kaman’s 1,000th H-60 cockpit delivery marks an eight year relationship… Read more »
The US Marine Corps have recently issued a photo release with the two images accompanying this article. The brief description of them was as follows:- Members of the Nigerian Navy board a U.S. Marine Corps HH-46E for a search and rescue flight demonstration during a visit Feb. 4 with Naval Air Systems Command’s Specialized and… Read more »
Kaman Corporation (NYSE:KAMN) today announced that Michael J. Lyon has been appointed to the position of Vice President – Tax, reporting to Robert Starr, Senior Vice President and Chief Financial Officer. Lyon succeeds John Lockwood in the position and joins Kaman from Gerber Scientific, a manufacturer and worldwide distributor of integrated automation equipment and software,… Read more »
As Kaman Aerospace Group enters Heli-Expo 2014 the company is significantly expanding its reach, capabilities and position as an award-winning supplier for leading aerospace Original Equipment Manufacturers (OEMs). The company’s restructured Aerosystems Group, led by President Jim Larwood, has fueled much of Kaman’s rotorcraft market growth through new and ongoing agreements with Bell Helicopter, Sikorsky… Read more »
Kaman Aerospace Group announced today at the 2014 HAI HELI-EXPO that its subsidiary, Kaman Engineering Services, has opened a new office at the Clemson University Restoration Institute Campus (CURI) in North Charleston, S.C. Kaman Engineering Services recognizes the growing aerospace requirements in the Southeast United States and the new regional office will support that demand,… Read more »
The Kaman Corporation (NYSE:KAMN) board of directors today declared a regular quarterly dividend of 16 cents per common share. The dividend will be paid on April 3, 2014 to shareholders of record on March 18, 2014. About Kaman Corporation Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut conducts business… Read more »
Lockheed Martin LMT -0.03% received a contract from the U.S. Army Robotics Technology Consortium to conduct a fully autonomous reconnaissance, surveillance and target acquisition experiment using both its Squad Mission Support System (SMSS) unmanned ground vehicle and its K-MAX unmanned air vehicle. Contract terms are not being disclosed. In collaboration with the U.S. Army Tank Automotive Research, Development and Engineering Center, Lockheed… Read more »
Kaman Corp. (NYSE:KAMN) announced today that it will report its fourth quarter and full year 2013 results after the stock market closes on Thursday, February 27, 2014, and host a live webcast and conference call at 8:00am ET on Friday, February 28, 2014. The call will be accessible by telephone within the U.S. at (877)… Read more »
The Kaman Corporation board of directors today declared a regular quarterly dividend of 16 cents per common share. The dividend will be paid on January 7, 2014 to shareholders of record on December 24, 2013. The payment, when made, will mark forty-four consecutive years of dividend payments by Kaman. About Kaman Corporation Kaman Corporation, founded… Read more »
-Kaman Corporation (NYSE:KAMN) today announced that Jairaj ‘JC’ Chetnani has been appointed to the position of Vice President and Treasurer, reporting to Robert Starr, Senior Vice President and Chief Financial Officer. Chetnani succeeds Starr in the Treasurer position and joins Kaman from Quanex Building Products, a $1 billion building products manufacturer with multiple independently-run operating… Read more »
The Aerospace division report was as follows:- Sales were $150.7 million, a decrease of $0.6 million from sales of $151.3 million in the third quarter of 2012. Sales increased $26.3 million related to higher shipments of our JPF to foreign customers and the recognition of revenue under the SH-2G(I) contract with New Zealand. These increases… Read more »
Kaman Corp. (NYSE:KAMN) announced today that it will report its third quarter 2013 results after the stock market closes on Monday, October 28, 2013, and host a live webcast and conference call at 8:30am ET on Tuesday, October 29, 2013. The call will be accessible by telephone at (877) 546-5018 and from outside the U.S…. Read more »
HeliHub.com editor note – these are extracts from the full release, which includes the financial statements Neal J. Keating, Chairman, President and Chief Executive Officer, stated, “We achieved strong overall results for the second quarter led by the performance at Aerospace and the sequential improvement in operating profit at Distribution. Aerospace delivered an operating profit… Read more »
Kaman Corp. (NYSE:KAMN) announced today that it will report its second quarter 2013 results after the stock market closes on Monday, July 29, 2013, and host a live webcast and conference call at 8:30am ET on Tuesday, July 30, 2013. The call will be accessible by telephone at (877) 415-3177 and from outside the U.S…. Read more »
The Kaman Corporation board of directors today declared a regular quarterly dividend of 16 cents per common share. The dividend will be paid on July 2, 2013 to shareholders of record on June 18, 2013. About Kaman Corporation Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut conducts… Read more »
Kaman Corp. KAMN +0.63% today announced that its subsidiary, Kaman Aerospace Corporation (Kaman), has entered into a $120 million contract with the New Zealand Ministry of Defence for the purchase of ten SH-2G(I) Super Seasprite aircraft, spare parts, a full mission flight simulator, and related logistics support. The contract is consistent with the previously announced… Read more »
Kaman Corp. (NYSE: KAMN) today announced that Robert D. Starr, 45, has been appointed to the position of Senior Vice President and Chief Financial Officer (CFO) effective as of July 1, 2013, upon the retirement of William C. Denninger, Executive Vice President and CFO, on June 30, 2013. Starr will report to Neal J. Keating,… Read more »
Kaman Corp. (NYSE:KAMN) today announced that the New Zealand Cabinet has authorized the New Zealand Ministry of Defence (MoD) to enter into an approximately $120 million contract with Kaman Aerospace Corporation (Kaman) for the purchase of ten SH-2G(I) Super Seasprite aircraft, spare parts, a full mission flight simulator, and related logistics support. The MoD and… Read more »
The Polish military has recently signed a contract with the WZL-1 factory at Lodz to install GPS on their fleet of Kaman SH-2G Sea Sprite helicopters. The upgrades will be done in the course of the usual maintenance of each aircraft over the coming months. Raytheon’s MAGR2000 GPS unit is being installed on the four… Read more »
The U.S. Marine Corps has extended indefinitely its use of two unmanned K-MAX heavy lift helicopters in Afghanistan, a Navy spokeswoman said, noting the aircraft kept re-supply trucks off the road and reduced the threat of roadside bombs. The Marine Corps sent the new autonomous helicopters, which were developed by Lockheed Martin Corp and privately-held… Read more »
Fourth Quarter 2012 Highlights From Continuing Operations: Diluted earnings per share of $0.52 ($0.61 Adjusted*), up 40.5% (15.1% Adjusted*) Net sales $399.3 million Distribution operating margin: 4.5% (4.6% Adjusted*) Aerospace operating margin: 15.0% (17.8% Adjusted*) Full Year 2012 Highlights From Continuing Operations: Diluted earnings per share of $2.03 ($2.18 Adjusted*), up 8.0% (8.5% Adjusted*) Record… Read more »
The Kaman Corporation board of directors today declared a regular quarterly dividend of 16 cents per common share. The dividend will be paid on April 2, 2013 to shareholders of record on March 19, 2013. About Kaman Corporation Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman , and headquartered in Bloomfield, Connecticut… Read more »
Kaman Corp. (NYSE:KAMN) today announced that Scott E. Kuechle, 53, has been appointed to the Board of Directors. The appointment of Kuechle, effective immediately, increases the Kaman board to ten members. Neal J. Keating, Chairman of the Board, President and Chief Executive Officer said, “Scott is a welcome addition to our board, bringing significant financial… Read more »
The National Aeronautic Association (NAA) today announced that seven aviation and aerospace projects will compete for the prestigious 2012 Robert J. Collier Trophy. The Collier Trophy, the “Greatest Award in Aviation,” has been the benchmark of aviation and aerospace achievement for over 100 years. Awarded annually “….for the greatest achievement in aeronautics or astronautics in… Read more »
Source:
National Aeronautic Association, 11-Feb-13
The unmanned K-MAX(R) helicopter’s peerless ability to resupply combat troops safely, precisely and efficiently has won top honors from the prestigious magazines Popular Science and Aviation Week and has garnered high praise from the U.S. Marine Corps, which is expanding the aircraft’s role in Afghanistan. “We are proud of the Unmanned K-MAX’s performance in supporting… Read more »
Kaman Corporation (NYSE:KAMN) announced that today it has closed on a new five-year $500 million credit facility replacing its prior $317.5 million credit facility. The facility includes a collateralized security agreement and carries a standard financial covenant package, which the company believes reflects current market terms and conditions. The facility consists of a $400 million revolving credit… Read more »
The Kaman Corporation board of directors today declared a regular quarterly dividend of 16 cents per common share. The dividend will be paid on January 8, 2013 to shareholders of record on December 24, 2012. The payment, when made, will mark forty-three consecutive years of dividend payments by Kaman. Kaman Corporation, founded in 1945 by… Read more »
Kaman Corp. (NYSE:KAMN) today reported financial results for the third quarter ended September 28, 2012. Neal J. Keating, Chairman, President and Chief Executive Officer, stated, “During the third quarter we delivered solid performance in both of our businesses. Aerospace delivered 28.9% sales growth driven by deliveries of over 10,000 Joint Programmable Fuzes (“JPF”) during the… Read more »
Kaman Corp. (NYSE:KAMN) announced today that it will postpone the release of its third quarter 2012 results. The new release date will be after the stock market closes on Wednesday, October 31, 2012. Management will host a webcast and conference call to discuss the results at 8:30 am ET on Thursday, November 1, 2012. “The… Read more »
Kaman Corp. (NYSE:KAMN) announced today that it will report its third quarter 2012 results after the stock market closes on Monday, October 29, 2012 and host a live webcast and conference call at 8:30am ET on Tuesday, October 30, 2012. The call will last approximately one hour. The call will be accessible by telephone at… Read more »
For the second time this year, the U.S. Marine Corps has approved the deployment extension of K-MAX Cargo UAS, the first unmanned helicopter to deliver cargo and resupply troops in a combat zone. By supplying forward operating bases with K-MAX instead of ground convoy or manned aircraft, the Marine Corps has reduced the threat posed… Read more »
Kaman Corporation confirmed today that The U.S. Department of State has granted authorization that would permit the Company to negotiate a possible sale of SH-2G(I) Super Seasprite Helicopters to the Government of New Zealand. The potential sale would include eleven SH-2G(I) helicopters, a full motion flight simulator, training aids, spares inventory, publications and the introduction… Read more »
The Kaman Corporation (NYSE:KAMN) board of directors today declared a regular quarterly dividend of 16 cents per common share. The dividend will be paid on July 3, 2012 to shareholders of record on June 19, 2012. Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut conducts business in the aerospace… Read more »
Marine Unmanned Aerial Vehicle Squadron 2, the “Night Owls,†made history earlier this week when they completed the first “hot hook-ups†between landing support Marines on the ground and a hovering Kaman K1200 “K-MAX†unmanned helicopter in Helmand province, Afghanistan, May 22. In the nearly 20 years of its commercial and military use, no organization… Read more »
Rep. Ander Crenshaw (R-Fla.) and Lt. Gov. Jennifer Carroll addressed more than 400 workers today at the Kaman Aerostructures facility in Jacksonville to warn about the threat to U.S. economic and military strength posed by $500 billion in sequestration budget cuts scheduled for January 2013. A study commissioned by AIA last year found that Florida could lose more than 39,000 jobs if Congress does not act… Read more »
Improvised explosive devices have changed the way the Marine Corps engages hostile forces. The need has risen for supplies to reach the most remote parts of Afghanistan quickly, reliably and safely. Late last year, the Corps began experimenting with the K-MAX – an unmanned helicopter, able to transport large amounts of cargo and reduce the… Read more »
Two unmanned K-MAX helicopters have delivered more than one million pounds in less than four months in support of the U.S. Marine Corps in Afghanistan and will remain in theater until September on a deployment extension. The aircraft, a joint effort by Lockheed Martin (NYSE: LMT) and Kaman Aerospace (NYSE: KAMN), is the first unmanned helicopter to deliver cargo… Read more »
aman Aerospace Group, Inc., a subsidiary of Kaman Corporation (NYSE: KAMN - News) and Kineco Private Limitedtoday announced that they have entered into an agreement to form a manufacturing company in India. The venture will be based in Goa and will manufacture advanced composite structures for aerospace, medical and other industries. Gregory L. Steiner, President of Kaman Aerospace Group, commented, “This is a… Read more »
Neal Keating, President and Chief Executive Officer stated, “While below last year, our first quarter results were in line with our expectations and provide us confidence to reaffirm our outlook for the full year. This performance was led by another solid quarter for our Industrial Distribution business, which achieved record quarterly sales and operating profit…. Read more »
Kaman Corp. (NYSE: KAMN) announced today that it will report its first quarter 2012 results after the stock market closes on Monday, April 30, 2012 and host a live webcast and conference call at 8:30am ET on Tuesday May 1st, 2012. The call will last approximately one hour. The call will be accessible by telephone… Read more »
Kaman Corporation (NYSE: KAMN) today announced that Gregory T. Troy, has been appointed to the position of Senior Vice – Human Resources, reporting to Neal J. Keating, Chairman, President and CEO. Troy joins Kaman from Force Protection of Ladson, SC, a manufacturer and services company of military defense vehicles. Force Protection had been a publicly… Read more »
Kaman Corporation (NYSE: KAMN) today announced that it has promoted five officers to positions with the parent corporation, all reporting to Neal J. Keating, Chairman, President and CEO. These appointments were made by the Board of Directors at a meeting this week and are effective immediately. Gregory L. Steiner, President, Kaman Aerospace Group has been… Read more »
Kaman Corporation (NYSE: KAMN) today announced that its Board of Directors has appointed Shawn G. Lisle to the position of Vice President and Deputy General Counsel. Lisle reports to Candace A. Clark, Senior Vice President, Chief Legal Officer and Secretary. Lisle joined Kaman in 2011 as Associate General Counsel focusing on compensation, benefits, employment and… Read more »
Kaman Aerospace Group announced today the appointment of Pat Wheeler to Vice President, Strategic Initiatives reporting to Greg Steiner, President. Wheeler joined Kaman with the 2011 acquisition of Vermont Composites, Inc. where he served as President and CEO for the past seven years, effectively building that business from a start-up to a key industry supplier… Read more »
Kaman Aerospace Group announced the appointment of Gary Tenison to Vice President, Business Development and Marketing, reporting to Greg Steiner, President. Tenison will be responsible for leading accelerated, profitable growth of the Aerospace Group’s core businesses. He will coordinate strategic planning, ensuring alignment across the Group. In addition, he will help identify, coordinate, and lead… Read more »
 The Kaman Helicopters Division of Kaman Aerospace Corporation, a subsidiary of Kaman Corporation (NASDAQ-GS: KAMN), continues to develop new chapters in its storied history with the unmanned K-MAX®; successes and opportunities in subcontract manufacturing; and rotor blade development and production. Kaman will showcase its products and services in Booth 5222, Hall C, at the Helicopter… Read more »
Kaman Corp. (NASDAQ-GS: KAMN) announced today that it will report its fourth quarter and full year 2011 results after the stock market closes on Monday, February 27, 2012 and host a live webcast and conference call at 8:30am ET on Tuesday February 28th, 2012. The call will last approximately one hour. The call will be… Read more »
Kaman Corporation, a leader in the aerospace and industrial distribution markets, announced today that it is transferring the listing of its common stock to the New York Stock Exchange (NYSE) from the NASDAQ Global Select Market (NASDAQ). The Company expects to begin trading on the NYSE on February 7, 2012 under its current ticker symbol… Read more »
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 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 »
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 »
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 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 »
The Defense Security Cooperation Agency notified Congress today of a possible Foreign Military Sale to the Government of Ecuador of refurbishment of 2 SH-2GÂ 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 »
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 »
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 »
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 »
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 »
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 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.
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 »
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 »
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, 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 »
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, 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 »
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 »
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 »
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.
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 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 »
