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Kaman Awarded $23.8 Million Joint Programmable Fuze Order Raising Last Twelve Months Order Total to $150 Million

Dépèche transmise le 14 mars 2011 par Business Wire

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corporation (NASDAQ-GS:KAMN) announced today that its Aerospace segment has been awarded a contract modification in the amount of $23.8 million for the procurement of Joint Programmable Fuzes (JPF). The award is the first under Option 8 of Kaman’s JPF contract with the U.S. Air Force. Delivery of these fuzes is anticipated to occur in 2012 and 2013.

“This award raises total JPF orders in the last twelve months to $150 million and secures our backlog of $151.7 million into 2013. The order activity we have experienced in the last year demonstrates the importance of the JPF’s high reliability and operational flexibility that is critical to the U.S. and allied militaries around the world,” commented Greg Steiner, President of Kaman Aerospace Group.

Kaman is the sole provider of the JPF, an electro-mechanical bomb safing and arming device, to the United States Air Force (USAF) and eighteen other nations. The JPF allows the settings of a weapon to be programmed in flight and is the current bomb fuze of choice of the USAF. The JPF is used with a number of weapons including general purpose bombs, and guided bombs that use JDAM or Paveway kits, on U.S. aircraft such as F-15, F-16, F-22, A-10, B-1, B-2, B-52 and the MQ-9 UAV as well as on international aircraft such as Mirage 3 and Gripen. Kaman’s regular production schedule is more than 2,000 JPFs per month from facilities in Orlando, Florida and Middletown, Connecticut.

About Kaman Corporation

Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut conducts business in the aerospace and industrial distribution markets. The company produces and/or markets widely used proprietary aircraft bearings and components; complex metallic and composite aerostructures for commercial, military and general aviation fixed and rotary wing aircraft; aerostructure engineering design analysis and FAA certification services; safe and arm solutions for missile and bomb systems for the U.S. and allied militaries; subcontract helicopter work; and support for the company’s SH-2G Super Seasprite maritime helicopters and K-MAX medium-to-heavy lift helicopters. The company is a leading distributor of industrial parts, and operates more than 200 customer service centers and five distribution centers across North America. Kaman offers more than four million items including bearings, mechanical power transmission, electrical, material handling, motion control, fluid power, automation and MRO supplies to customers in virtually every industry. Additionally, Kaman provides engineering, design and support for automation, electrical, linear, hydraulic and pneumatic systems as well as belting and rubber fabrication, customized mechanical services, hose assemblies, repair, fluid analysis and motor management. More information is available at www.kaman.com.

Business Wire

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