Kaman Awarded $19 Million Joint Programmable Fuze Order Raising Year to Date Order Total to over $126 Million
BLOOMFIELD, Conn., Dec 06, 2010 (BUSINESS WIRE) -- (NASDAQ-GS:KAMN) Kaman Corporation announced today that its Aerospace segment has been awarded a commercial sale purchase order for Joint Programmable Fuzes (JPF) in the amount of $19 million for an undisclosed customer. Delivery of these fuzes is anticipated to occur in 2011.
"With this order and the order announced last week, the backlog for the JPF, one of our largest programs, has grown to $139 million and extends into 2012. Year to date orders from the U.S. Air Force and foreign customers total $126 million demonstrating 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 Gregory Steiner, President of the 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; 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 3.5 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.
SOURCE: Kaman Corporation
Eric Remington, 860-243-6334
VP, Investor Relations
Kaman Aerospace, Precision Products Division
Ken Kelly, 860-632-4536
Director, Business Development