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 Forceâ€™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 (NYSE: LMT) and Kaman Aerospace Corporation, a subsidiary of Kaman Corporation (Nasdaq: KAMN), have formally offered the K-MAXÂ® 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 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 Heli-International, based in Kirkland, Wash., recently helped to contain a major wildfire in Californiaâ€™s Sequoia National Forest with a company-owned and operated Kaman K-MAXÂ® cargo helicopter.Â 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.Â The… 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 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 Helicopters has delivered the 1,000th helicopter rotor blade protected with Kamanâ€™s erosion-resistant coating system. U.S. Army BLACK HAWK helicopters are utilizing main rotor blades with Kamanâ€™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 Kamanâ€™s… Read more »
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 Kamanâ€™s Helicopter Division. The contract will develop enhanced mission capabilities for the Unmanned Kâ€‘MAXÃ¢ helicopter. â€œUnder the contract, Kaman Helicopters will be adding mission equipment to a test aircraft that… Read more »
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 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 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 »
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 »
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 FiberSIMÂ® 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 »
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 »
Lockheed Martin Corporation (NYSE:Â LMT) and Kaman Aerospace Corporation, a subsidiary of Kaman Corporation (Nasdaq:Â KAMN) have successfully demonstrated to the U.S. Marine Corps the capability of the Unmanned K-MAXÂ® helicopter to resupply troops by unmanned helicopter at forward operating bases inÂ Afghanistan. During a series of flights last week in subfreezing temperatures at the U.S. Army’s Dugway… Read more »
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 »
The Helicopters Division of Kaman Aerospace Corporation announced today that it has reorganized around product groups, with newly appointed general managers for each.Â â€œThe reorganization, effective immediately, is intended to support aggressive business goals and a more strategic approach to achieving growth and sales,â€ said Sal Bordonaro, Helicopters Division President. Tim Bates has been named… Read more »
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
Kaman Aerospace Group, Inc. a subsidiary of Kaman Corp. (Nasdaq:Â KAMN) today announced a broad organizational realignment in support of strategic growth plans. Â The following appointments of executives reporting toÂ Gregory L. Steiner, President, Kaman Aerospace Group were effectiveÂ January 1, 2010: Kaman Composites is established as a newly formed operating group within the Kaman Aerospace Segment. Â James… Read more »
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.
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.
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
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.
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-MAXÂ® 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 »
Australia has confirmed that the financial settlement with Kaman Aerospace allowing for transfer of the Royal Australian Navyâ€™s eleven Super Seasprites back to the company was based on a bank guarantee rather than a cash payment.