KAMAN | Aviation Pioneer & Industrial Distribution NetworkSince its founding in 1945, Kaman Corporation has grown to become a world-leading innovator in the aviation industry and one of the countrys largest industrial distributors and systems consultants.http://www.kaman.comhttp://www.kaman.comenMRO Europe / Kaman Specialty Bearings & Engineered Products / Kamatics & RWGhttp://www.kaman.com/news/view/mro-europe-kaman-specialty-bearings-engineered-products-kamatics-rwghttp://www.kaman.com/news/view/mro-europe-kaman-specialty-bearings-engineered-products-kamatics-rwgKamatics & RWG will be attending MRO Europe from October 7-9. The event will take place in Madrid, Spain, at the Ifema Feria De Madrid. Kamatics & RWG will be located at booth 202.
 

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Tue, 07 Oct 2014 00:00:00 -0500
Q2 2014 Kaman Corp Earnings Conference Callhttp://www.kaman.com/news/rss/http://www.kaman.com/news/rss/Tue, 05 Aug 2014 00:00:00 -0500 Kaman Announces $5.4 Million Joint Programmable Fuze Orderhttp://www.kaman.com/news/view/kaman-announces-5-4-million-joint-programmable-fuze-orderhttp://www.kaman.com/news/view/kaman-announces-5-4-million-joint-programmable-fuze-order BLOOMFIELD, Conn.--(BUSINESS WIRE)--Jul. 31, 2014-- (NYSE:KAMN) Kaman Corporation announced today that its Aerospace segment has been awarded a contract modification in the amount of $5.4 million for the procurement of Joint Programmable Fuzes (JPF). The award is a follow-on order raising the cumulative quantity under Option 11 of Kaman’s JPF contract with the U.S. Air Force (USAF) to more than 15,000 fuzes. Delivery of fuzes under Option 11 is anticipated to occur in 2015 and 2016.

"We are pleased with this additional order from our customer, the U.S. Air Force for our largest single program. We believe the JPF's reliability, operational flexibility, and cost effectiveness make it superior to all other bomb fuzes. The order demonstrates the USAF's continued demand for the product and commitment to the program," stated Kaman Aerospace Group President, Greg Steiner.

Kaman has been the sole provider of the JPF to the USAF since 2002. In addition to the USAF, Kaman provides the JPF to twenty-six other nations. The JPF allows the settings of a weapon to be programmed on wing 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 produces the JPF at facilities in Orlando, Florida and Middletown, Connecticut.

Risks Associated with Forward-Looking Statements

This release includes "forward looking statements" relating to the estimated value of the JPF contract discussed above. These statements are based on assumptions currently believed to be valid, but they involve risks and uncertainties that could cause our actual results to differ from those expressed in the forward looking statements. Important uncertainties that could cause our actual results to differ from those expressed in the forward looking statements are identified in our reports filed with the SEC, including our Quarterly Reports on Form 10-Q, our Annual Reports on Form 10-K, and our Current Reports on Form 8-K. The forward looking statements included in this press release are made only as of the date of this release, and Kaman does not undertake any obligation to update the forward looking statements to reflect subsequent events or circumstances.

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 250 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.

Source: Kaman Corporation

Kaman Corporation
Eric Remington, VP, Investor Relations, (860) 243-6334
Eric.Remington@kaman.com

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Thu, 31 Jul 2014 16:37:28 -0500
Kaman Distribution Appoints Warfield SVP, GM - Fluid Powerhttp://www.kaman.com/news/view/kaman-distribution-appoints-warfield-svp-gm-fluid-powerhttp://www.kaman.com/news/view/kaman-distribution-appoints-warfield-svp-gm-fluid-power BLOOMFIELD, Conn.--(BUSINESS WIRE)--Jul. 31, 2014-- Kaman Corporation today announced effective August 15, 2014, the appointment of Tribby Warfield as Senior Vice President and General Manager for the Fluid Power platform of its Distribution Segment (Kaman Distribution). Kaman Distribution operates through three product platforms: Bearings & Power Transmission; Fluid Power; and Automation, Control & Energy. Tribby will report to Steve Smidler, Kaman Distribution’s President and join Kaman’s executive committee.

Most recently Tribby served as President, North America Commercial for Gates Corporation where she led all commercial activity for Gates Power Transmission and Fluid Power in the United States, Canada and Mexico. She previously served as President, North America Power Transmission. Tribby’s career with the Gates Corporation spanned over 25 years and included an extensive global background serving eleven years in Europe in key management and operational roles across Gates’ European Divisions including assignments as Vice President of Gates Industrial Power Transmission operations, headquartered in Erembodegem, Belgium. She also served as Gates Global Business Director for the Automotive Original Equipment division located in Aachen, Germany as well as Sales and Marketing Director for Gates Fluid Power operations in St. Neots, United Kingdom. Tribby’s early years at Gates included a variety of roles including business development, product marketing and field sales management.

Tribby is actively involved in numerous industry associations such as the Power Transmission Distributors Association (PTDA) where she serves as Foundation Board Trustee. Additionally, she serves on the Board of Advisors and resides as Executive in Residence for the University of Colorado Denver Business School, and is a strong supporter and advocate of FIRST Robotics and serves on the Board of Directors of ColoradoFIRST.

“We are very pleased that Tribby has agreed to lead our Fluid Power business,” said Steve Smidler. “Tribby is a high caliber results driven senior executive with commercial, general management and operations experience; and a proven track record of achievement. She makes a great addition to our team. With this executive appointment, we have the leadership team in place for each of our three main product platforms. Tribby joins Tom Weihsmann who heads our Bearings & Power Transmission platform, and Gary Haseley who leads our Automation, Control & Energy platform. With the management, sales and service model in each of our product platforms set, we are well positioned to deliver improved growth and operating performance. ”

About Kaman Distribution

Kaman is a leading distributor of industrial parts, and operates more than 250 customer service centers and five distribution centers across North America. Kaman offers over four million items including bearings, mechanical power transmission, electrical and automation, material handling, motion control, hydraulics and pneumatics and MRO supplies to customers in virtually every industry. Additionally, Kaman provides engineering, design, build, installation, integration and support services 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. Kaman Distribution is the industrial distribution group of Kaman Corporation. Kaman Corporation (NYSE:KAMN), founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut conducts business in the aerospace and industrial distribution markets. More information is available at www.kaman.com.

Source: Kaman Corporation

Kaman
Eric Remington, 860-243-6334
VP, Investor Relations
Eric.Remington@kaman.com
or
David Mayer, 860-687-5185
Vice President, Marketing and Services
David.Mayer@kaman.com

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Thu, 31 Jul 2014 09:31:55 -0500
HydroVision International 2014 / Kaman Specialty Bearings & Engineered Products / Kamatics & RWGhttp://www.kaman.com/news/view/hydrovision-international-2014-kaman-specialty-bearings-engineered-products-kamatics-rwghttp://www.kaman.com/news/view/hydrovision-international-2014-kaman-specialty-bearings-engineered-products-kamatics-rwgKamatics & RWG will be attending HydroVision 2014 from July 22-25. The event will take place in Nashville, Tennessee, at the Music City Center. To learn more about the event, visit the HydroVision International 2014 homepage. Kamatics & RWG will be located at booth 629.

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Tue, 22 Jul 2014 00:00:00 -0500
Kaman Corp. Announces Release Date for Second Quarter 2014 Earningshttp://www.kaman.com/news/view/kaman-corp-announces-release-date-for-second-quarter-2014-earningshttp://www.kaman.com/news/view/kaman-corp-announces-release-date-for-second-quarter-2014-earnings BLOOMFIELD, Conn.--(BUSINESS WIRE)--Jul. 16, 2014-- Kaman Corp. (NYSE:KAMN) announced today that it will report its second quarter 2014 results after the stock market closes on Monday, August 4, 2014, and host a live webcast and conference call at 8:30am ET on Tuesday, August 5, 2014.

The call will be accessible by telephone within the U.S. at (877) 703-6103 and from outside the U.S. at (857) 244-7302; (using the passcode: 39492310); or, via the Internet at www.kaman.com. Please go to the website at least fifteen minutes prior to the start of the call to register, download and install any necessary audio software. A replay will also be available two hours after the call and can be accessed at (888) 286-8010 or (617) 801-6888 using the passcode: 62270654.

About Kaman Corporation

Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut conducts business in the industrial distribution and aerospace markets. 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. 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. More information is available at www.kaman.com.

Source: Kaman Corp.

Kaman Corporation
Eric Remington, 860-243-6334
VP, Investor Relations
Eric.Remington@kaman.com

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Wed, 16 Jul 2014 15:12:48 -0500
Kaman Announces $8.5 Million Joint Programmable Fuze Orderhttp://www.kaman.com/news/view/kaman-announces-8-5-million-joint-programmable-fuze-orderhttp://www.kaman.com/news/view/kaman-announces-8-5-million-joint-programmable-fuze-order BLOOMFIELD, Conn.--(BUSINESS WIRE)--Jul. 14, 2014-- (NYSE:KAMN) Kaman Corporation announced today that its Aerospace segment has been awarded a contract modification in the amount of $8.5 million for the procurement of Joint Programmable Fuzes (JPF). The award is a follow-on order raising the total under Option 11 of Kaman’s JPF contract with the U.S. Air Force (USAF) to approximately $50.4 million. Delivery of fuzes under Option 11 is anticipated to occur in 2015 and 2016.

"This order further solidifies the outlook for our largest single program with a backlog of $117 million that extends into 2016. The order demonstrates the USAF's continued fuzing requirements and commitment to the program," stated Kaman Aerospace Group President, Greg Steiner.

Kaman has been the sole provider of the JPF to the USAF since 2002. In addition to the USAF, Kaman provides the JPF to twenty-six other nations. The JPF allows the settings of a weapon to be programmed on wing 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 produces the JPF at facilities in Orlando, Florida and Middletown, Connecticut.

Risks Associated with Forward-Looking Statements

This release includes "forward looking statements" relating to the estimated value of the JPF contract discussed above. These statements are based on assumptions currently believed to be valid, but they involve risks and uncertainties that could cause our actual results to differ from those expressed in the forward looking statements. Important uncertainties that could cause our actual results to differ from those expressed in the forward looking statements are identified in our reports filed with the SEC, including our Quarterly Reports on Form 10-Q, our Annual Reports on Form 10-K, and our Current Reports on Form 8-K. The forward looking statements included in this press release are made only as of the date of this release, and Kaman does not undertake any obligation to update the forward looking statements to reflect subsequent events or circumstances.

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.

Source: Kaman Corporation

Kaman Corporation
Eric Remington, 860-243-6334
VP, Investor Relations
Eric.Remington@kaman.com

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Mon, 14 Jul 2014 09:15:01 -0500
Farnborough Airshowhttp://www.kaman.com/news/view/farnborough-airshowhttp://www.kaman.com/news/view/farnborough-airshowKaman Aerospace will be attending the Farnborough Airshow in Farnborough, England from July 14-20. Visit us at Booth No. 3B 18! To learn more about the show, visit the Farnborough Airshow website.

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Mon, 14 Jul 2014 00:00:00 -0500
Farnborough International / Kaman Specialty Bearings & Engineered Products / Kamatics & RWGhttp://www.kaman.com/news/view/farnborough-international-kaman-specialty-bearings-engineered-products-kamatics-rwghttp://www.kaman.com/news/view/farnborough-international-kaman-specialty-bearings-engineered-products-kamatics-rwgKamatics & RWG will be attending the 2014 Farnborough International Airshow from July 14-20. The airshow will take place in Farnborough, England. To learn more about the show, visiti the Farnborough Airshow homepage. Kamatics & RWG will be exhibiting with Kaman Aerospace at Booth No. 3B 18.

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Mon, 14 Jul 2014 00:00:00 -0500
Energy Ocean 2014 / Kaman Specialty Bearings & Engineered Products / Kamatics & RWGhttp://www.kaman.com/news/view/energy-ocean-2014-kaman-specialty-bearings-engineered-products-kamatics-rwghttp://www.kaman.com/news/view/energy-ocean-2014-kaman-specialty-bearings-engineered-products-kamatics-rwgKamatics & RWG will be attending Energy Ocean 2014 from June 3-5. The event will take place in Atlantic City, New Jersey, at the Sheraton Atlantic City Convention Center Hotel. To learn more about the event, visit the Energy Ocean 2014 homepage. Kamatics & RWG will be located at booth 305.
 

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Tue, 03 Jun 2014 00:00:00 -0500
Kaman Board of Directors Declares Dividendhttp://www.kaman.com/news/view/kaman-board-of-directors-declares-dividend-52http://www.kaman.com/news/view/kaman-board-of-directors-declares-dividend-52BLOOMFIELD, Conn.--(BUSINESS WIRE)--Jun. 3, 2014-- (NYSE:KAMN) 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 3, 2014 to shareholders of record on June 17, 2014.

About Kaman Corporation

Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman , and headquartered in Bloomfield, Connecticut conducts business in the industrial distribution and aerospace markets. 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. 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. More information is available at www.kaman.com.

 

 

Source: Kaman Corporation

The Kaman Corporation
Eric Remington, VP, Investor Relations, (860) 243-6334
eric.remington@kaman.com

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Tue, 03 Jun 2014 00:00:00 -0500
Kaman to Celebrate Grand Opening of New Tooling Facility in UKhttp://www.kaman.com/news/view/kaman-to-celebrate-grand-opening-of-new-tooling-facility-in-ukhttp://www.kaman.com/news/view/kaman-to-celebrate-grand-opening-of-new-tooling-facility-in-ukBLOOMFIELD, Connecticut, U.S.A. (May 22, 2014) A recent visit by Rt. Hon. Vince Cable, the U.K. Secretary of State for Business, is the first in a series of high-profile events at Kaman’s new $4.2M (£2.5M) U.K.-based tooling and manufacturing facility.  “Kaman’s expansion and continued success is one of the encouraging signs of growth in Burnley,” said Business Secretary Cable after touring the facility. “We are now seeing businesses having the confidence to invest and create highly skilled jobs from the local workforce. We'll continue to work in partnership with business as part of the government’s industrial strategy.”

Next up - a Grand Opening event at the 34,000 square-foot (3,160 square meters) Tooling Center of Excellence in Burnley, Lancashire, U.K. on Thursday, May 29th.  This purpose-built facility was designed and equipped to meet the increased size requirements of modern aircraft structures assembly tooling, including a new 20 meter 5 axis CNC milling machine capable of machining the largest aerospace tools, and a 6 meter coordinate measuring machine used for advanced and complex high-precision digital inspection.

The Tooling Center of Excellence will also be one of the few in the U.K. equipped with a state-of-the-art design suite for enhanced design and manufacturing. The new facility will considerably increase the capacity of Kaman Tooling, already a world-leading supplier of mold and assembly tooling, along with ground support and handling equipment. The opening of the new facility will create a number of new jobs in the next two years as Kaman continues its relocation from its former U.K. location at Darwen to Burnley’s Innovation Park.

“The site will continue to expand, and will increase to 64,000 square feet (5,950 square meters) in 2015, creating up to 50 new jobs,” said Mark Podmore, managing director of Kaman Tooling Ltd., part of the Aerosystems Division of Kaman Aerospace.

With the technologically advanced facility, Kaman Tooling’s customers will benefit from quick turnaround time, efficient operations, from large size machining and inspection equipment, and an overall significantly improved process.


About Kaman

Kaman Aerospace Group is a segment of Kaman Corporation (NYSE:KAMN) founded in 1945 by aviation pioneer Charles H. Kaman. Headquartered in Bloomfield, Connecticut, Kaman Corporation 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.  Additionally, 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.  Kaman also 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.  

Contacts:

Eric Remington
VP, Investor Relations
Kaman Corporation, Bloomfield, CT, U.S.A.
(860) 243-6334
Eric.Remington@kaman.com

Mark Podmore
Managing Director
Kaman Tooling Ltd., Lancashire, U.K.
+ 44 (0)1254 706000
Mark.Podmore@kaman.com
 

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Thu, 22 May 2014 00:00:00 -0500
Q1 2014 Kaman Corp Earnings Conference Callhttp://www.kaman.com/news/rss/http://www.kaman.com/news/rss/Tue, 29 Apr 2014 00:00:00 -0500 Kaman Reports 2014 First Quarter Resultshttp://www.kaman.com/news/view/kaman-reports-2014-first-quarter-resultshttp://www.kaman.com/news/view/kaman-reports-2014-first-quarter-results First Quarter 2014 Highlights:

  • Net sales increased 6.7% to $414 million;
  • Diluted earnings per share increased 61.5% to $0.42;
  • Aerospace sales increased 13.9% to $149 million;
  • Organic sales per sales day growth of 1.9% at Distribution

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Apr. 28, 2014-- Kaman Corp. (NYSE:KAMN) today reported financial results for the first quarter ended March 28, 2014.

       
Table 1. Summary of Financial Results
In thousands except per share amounts For the three months ended
March 28,
2014
March 29,
2013
Change
Net sales:
Distribution $ 264,870 $ 257,168 $ 7,702
Aerospace 149,062   130,907   18,155  
Net sales $ 413,932   $ 388,075   $ 25,857  
 
Operating income:
Distribution $ 11,135 $ 4,630 $ 6,505
Aerospace 22,021 20,911 1,110
Net (loss) gain on sale of assets (111 ) (79 ) (32 )
Corporate expense (12,056 ) (11,695 ) (361 )
Operating income $ 20,989   $ 13,767   $ 7,222  
 
Adjusted EBITDA*:
Distribution $ 14,120 $ 7,501 $ 6,619
Aerospace 25,805 24,551 1,254
Net (loss) gain on sale of assets (111 ) (79 ) (32 )
Corporate expense (10,613 ) (10,570 ) (43 )
Adjusted EBITDA $ 29,201   $ 21,403   $ 7,798  
 
Diluted earnings per share $ 0.42 $ 0.26 $ 0.16

Neal J. Keating, Chairman, President and Chief Executive Officer, stated, “We began 2014 on a positive note, with revenue growth of 6.7% and improved margins driving a 52.5% increase in operating income. Momentum in the first quarter was led by solid execution at Aerospace, coupled with continued organic growth and substantial margin improvement at Distribution.

Aerospace continued its strong performance, with our specialty bearing products posting a solid quarter combined with margin contributions from our New Zealand SH-2G(I) helicopter and JPF programs. Of note, we received $52.4 million of JPF orders, increasing our program backlog to $131 million, and during April, we conducted our first test flight of a reconfigured SH-2G(I) aircraft, a significant milestone as we get closer to our first aircraft delivery later this year.

Distribution results for the quarter were encouraging, as organic sales per sales day increased 1.9%, despite adverse weather conditions in January and February. Excluding restructuring costs incurred in the prior year, operating margin improved more than 120 basis points, driven by operating leverage associated with positive organic growth and costs savings from our 2013 restructuring.

Finally, we completed the previously announced acquisition of selected assets of B.W. Rogers last week. Including the acquisition, Kaman is now one of the largest Parker distributors in North America, with more than 40 locations broadly authorized to distribute Parker product directly, with another 200 locations authorized through our national reseller agreement."

Distribution Segment

Table 2. Summary of Distribution Segment Information (in thousands)      
For the three months ended
March 28,
2014
March 29,
2013
Change
Net sales $ 264,870 $ 257,168 $ 7,702
Operating income $ 11,135 $ 4,630 $ 6,505
% of sales 4.2 % 1.8 % 2.4 %

The increase in sales reflects $6.9 million in sales from acquisitions and an increase of $0.8 million in organic sales, despite one fewer sales day during the quarter (sales from acquisitions are classified as organic beginning with the thirteenth month following the acquisition). (See Table 6 for additional details regarding the Segment's sales per sales day performance.)

The increase in operating income was driven primarily by the absence of $3.0 million in restructuring costs, the expense savings resulting from the 2013 restructuring activities and higher sales volume with corresponding gross profit.

Aerospace Segment

Table 3. Summary of Aerospace Segment Information (in thousands)      
For the three months ended
March 28,
2014
March 29,
2013
Change
Net sales $ 149,062 $ 130,907 $ 18,155
Operating income $ 22,021 $ 20,911 $ 1,110
% of sales 14.8 % 16.0 % (1.2 )%

Sales increased due to work performed on our SH-2G(I) contract with New Zealand, higher JPF shipments and increased volume on certain composite structure programs. These increases were partially offset by a reduction in sales for our BLACK HAWK helicopter cockpit program and engineering design services.

As expected, operating margin in the first quarter of 14.8% was lower than the 16.0% achieved in the prior year, primarily due to sales mix. The increase in operating income dollars is due to gross profit on the sales increases noted above, partially offset by reduced gross profit resulting from a higher mix of lower margin composite structure programs, lower BLACK HAWK helicopter cockpit demand and sales mix within our bearing products.

Outlook

We have updated our outlook to reflect the closing of the B.W. Rogers acquisition on April 25, 2014. For 2014 we expect sales for this acquisition to be in the range of $65 million to $70 million and expect the transaction to be modestly accretive on a GAAP basis. In connection with the acquisition, we expect to incur approximately $1.5 million of one-time costs, as well as, $1.7 million of expense for the amortization of intangible assets in 2014. Our updated outlook for 2014 is as follows:

  • Distribution:
    • Sales of $1,180 million to $1,220 million
    • Operating margins of 4.7% to 5.2%
  • Aerospace:
    • Sales of $640 million to $660 million
    • Operating margins of 16.5% to 17.0%
  • Interest expense of approximately $13.5 million
  • Corporate expenses of approximately $52 million
  • Estimated annualized tax rate of approximately 35%
  • Depreciation and amortization expense of approximately $38 million
  • Capital expenditures of $35 million to $40 million
  • Free cash flow* in the range of $43 million to $48 million

Chief Financial Officer, Robert D. Starr, commented, "We delivered solid results for the quarter with EPS increasing 62% over the prior year to $0.42. Quarterly sales of $414 million, were driven by a 13.9% increase in our Aerospace segment and a 3.0% increase in our Distribution segment.

During the quarter we made strong progress on our growth initiatives. At Aerospace we have successfully begun production at our new bearings facility in Hochstadt, Germany, and our new tooling facility in Burnley, Lancashire, UK. At Distribution we closed on the B.W Rogers acquisition and have made significant strides towards achieving the targeted expansion of our sales force.

With the closing of the B.W. Rogers acquisition this month, we have updated our outlook for the full year. We are reaffirming our base outlook and continue to expect approximately 60% of our full year cumulative earnings in the second half with meaningful sequential improvement over the remainder of the year. We anticipate the transaction will be accretive in 2014, excluding amortization of intangibles and one-time expenses, such as integration costs.

Finally, due to the numerous investments we have made over the course of the past few years we have included Adjusted EBITDA* to provide an alternative earnings metric that we believe provides further insight into the underlying performance of our business."

Please see the MD&A section of the Company's SEC Form 10-Q filed concurrent with the issuance of this release for greater detail on our results and various company programs.

A conference call has been scheduled for tomorrow, April 29, 2014, at 8:30 AM ET. Listeners may access the call live by telephone at (866) 318-8616 and from outside the U.S. at (617) 399-5135; (passcode: 66956338); or, via the Internet at www.kaman.com. A replay will also be available two hours after the call and can be accessed at (888) 286-8010 or (617) 801-6888 using the passcode: 50637293. In its discussion, management may include certain non-GAAP measures related to company performance. If so, a reconciliation of that information to GAAP, if not provided in this release, will be provided in the exhibits to the conference call and will be available through the Internet link provided above.

Table 4. Summary of Segment Information (in thousands)    
For the three months ended
March 28,
2014
March 29,
2013
Net sales:
Distribution $ 264,870 $ 257,168
Aerospace 149,062   130,907  
Net sales $ 413,932   $ 388,075  
 
Operating income:
Distribution $ 11,135 $ 4,630
Aerospace 22,021 20,911
Net gain (loss) on sale of assets (111 ) (79 )
Corporate expense (12,056 ) (11,695 )
Operating income $ 20,989   $ 13,767  
 
Depreciation and Amortization:
Distribution
Depreciation $ 1,366 $ 1,380
Amortization 1,619   1,491  
Total $ 2,985   $ 2,871  
Aerospace
Depreciation $ 2,951 $ 2,833
Amortization 833   807  
Total $ 3,784   $ 3,640  
Corporate
Depreciation $ 1,051 $ 740
Amortization 392   385  
Total $ 1,443   $ 1,125  

Non-GAAP Measure Disclosure

Management believes that the non-GAAP (Generally Accepted Accounting Principles) measures indicated by an asterisk (*) used in this release or in other disclosures provide important perspectives into the Company's ongoing business performance. The Company does not intend for the information to be considered in isolation or as a substitute for the related GAAP measures. Other companies may define the measures differently. We define the non-GAAP measures used in this report and other disclosures as follows:

Adjusted EBITDA - Adjusted EBITDA is defined as operating income before depreciation and amortization. Adjusted EBITDA is calculated on our consolidated results as well as the results of our reportable segments. Adjusted EBITDA differs from Segment Operating Income, as calculated in accordance with GAAP, in that it excludes depreciation and amortization. We have made numerous investments in our business, such as acquisitions and increased capital expenditures, including facility improvements, new machinery and equipment, improvements to our information technology infrastructure and new ERP systems. Based on these investments, Management believes Adjusted EBITDA provides an additional perspective on the operating results of the organization and earnings capacity and helps improve the comparability of our results between periods by eliminating the impact of non-cash depreciation and amortization expense. Adjusted EBITDA does not give effect to cash used for debt service requirements and thus does not reflect available funds for distributions, reinvestment or other discretionary uses. Adjusted EBITDA is not presented as an alternative measure of operating results or cash flows from operations, as determined in accordance with GAAP. Our calculation of Adjusted EBITDA, as presented, may differ from similarly titled measures reported by other companies.

Table 5. Adjusted EBITDA (in thousands)  
For the three months ended
March 28,
2014
  March 29,
2013
Adjusted EBITDA
Distribution
Operating Income $ 11,135 $ 4,630
Depreciation and Amortization 2,985   2,871  
Adjusted EBITDA $ 14,120   $ 7,501  
 
Aerospace
Operating Income $ 22,021 $ 20,911
Depreciation and Amortization 3,784   3,640  
Adjusted EBITDA $ 25,805   $ 24,551  
 
Corporate expense
Operating expense $ (12,056 ) $ (11,695 )
Depreciation and Amortization 1,443   1,125  
Adjusted EBITDA $ (10,613 ) $ (10,570 )

Organic Sales per Sales Day - Organic sales per sales day is defined as GAAP net sales of the Distribution segment less sales derived from acquisitions, divided by the number of sales days in a given period. Sales days are essentially days that the Company's branch locations are open for business and exclude weekends and holidays. Sales days are provided as part of this release. Management believes organic sales per sales day provides an important perspective on how net sales may be impacted by the number of days the segment is open for business and provides a basis for comparing periods in which the number of sales days differ.

The following table illustrates the calculation of organic sales per sales day using “Net sales: Distribution” from the “Segment and Geographic Information” footnote in the “Notes to Condensed Consolidated Financial Statements” from the Company's Form 10-Q filed with the Securities and Exchange Commission on April 28, 2014. Sales from acquisitions are classified as organic beginning with the thirteenth month following the acquisition. Prior period information is adjusted to reflect acquisition sales for that period as organic sales when calculating organic sales per sales day.

Table 6. Distribution - Organic Sales Per Sales Day (in thousands, except days)    
For the three months ended
March 28,
2014
March 29,
2013
Net sales: Distribution $ 264,870 $ 257,168
Acquisition related sales 6,866    
Organic sales 258,004 257,168
Sales days 62   63  
Organic sales per sales day $ 4,161   $ 4,082  
% change 1.9 % 3.4 %

Free Cash Flow - Free cash flow is defined as GAAP “Net cash provided by (used in) operating activities” less “Expenditures for property, plant & equipment.” Management believes free cash flow provides an important perspective on the cash available for dividends to shareholders, debt repayment, and acquisitions after making capital investments required to support ongoing business operations and long-term value creation. Free cash flow does not represent the residual cash flow available for discretionary expenditures as it excludes certain mandatory expenditures such as repayment of maturing debt. Management uses free cash flow internally to assess both business performance and overall liquidity. The following table illustrates the calculation of free cash flow using “Net cash provided by (used in) operating activities” and “Expenditures for property, plant & equipment”, GAAP measures from the Consolidated Statements of Cash Flows included in this release.

Table 7. Free Cash Flow (in thousands)      
For the Three Months Ended For the Three Months Ended For the Three Months Ended

March 28, 2014

March 29, 2013

2014 vs. 2013
Net cash used in operating activities $ (11,970 ) $ (34,562 ) $ 22,592
Expenditures for property, plant & equipment (11,660 ) (11,841 ) 181
Free Cash Flow $ (23,630 ) $ (46,403 ) $ 22,773
Table 8. Free Cash Flow - 2014 Outlook (in millions)   2014 Outlook
 
Free Cash Flow:
Net cash provided by operating activities $ 78.0 to $ 88.0
Expenditures for property, plant and equipment 35.0   to 40.0
Free Cash Flow $ 43.0   to $ 48.0

Debt to Capitalization Ratio - Debt to capitalization ratio is calculated by dividing debt by capitalization. Debt is defined as GAAP “Notes payable” plus “Current portion of long-term debt” plus “Long-term debt, excluding current portion.” Capitalization is defined as Debt plus GAAP “Total shareholders' equity”. Management believes that debt to capitalization is a measurement of financial leverage and provides an insight into the financial structure of the Company and its financial strength. The following table illustrates the calculation of debt to capitalization using GAAP measures from the condensed consolidated balance sheets included in this release.

Table 9. Debt to Capitalization (in thousands)    
March 28,
2014
December 31,
2013
Notes payable $ $ 559
Current portion of long-term debt 12,500 10,000
Long-term debt, excluding current portion 279,132   264,655  
Debt 291,632 275,214
Total shareholders' equity 521,615   511,292  
Capitalization $ 813,247   $ 786,506  
Debt to capitalization 35.9 % 35.0 %

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 locations 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.

FORWARD-LOOKING STATEMENTS

This report contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "could," "will" and other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.

Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the company's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others: (i) changes in domestic and foreign economic and competitive conditions in markets served by the company, particularly the defense, commercial aviation and industrial production markets; (ii) changes in government and customer priorities and requirements (including cost-cutting initiatives, government and customer shut-downs, the potential deferral of awards, terminations or reductions of expenditures to respond to the priorities of Congress and the Administration, or budgetary cuts resulting from Congressional actions or automatic sequestration); (iii) changes in geopolitical conditions in countries where the company does or intends to do business; (iv) the successful conclusion of competitions for government programs and thereafter contract negotiations with government authorities, both foreign and domestic; (v) the existence of standard government contract provisions permitting renegotiation of terms and termination for the convenience of the government; (vi) the conclusion to government inquiries or investigations regarding government programs, including the resolution of the Wichita subpoena matter; (vii) risks and uncertainties associated with the successful implementation and ramp up of significant new programs; (viii) potential difficulties associated with variable acceptance test results, given sensitive production materials and extreme test parameters; (ix) the receipt and successful execution of production orders for the JPF U.S. government contract, including the exercise of all contract options and receipt of orders from allied militaries, as all have been assumed in connection with goodwill impairment evaluations; (x) the continued support of the existing K-MAX® helicopter fleet, including sale of existing K-MAX® spare parts inventory; (xi) the accuracy of current cost estimates associated with environmental remediation activities at the Bloomfield, Moosup and New Hartford, CT facilities and our U.K. facilities; (xii) the profitable integration of acquired businesses into the company's operations; (xiii) the ability to implement our ERP systems in a cost-effective and efficient manner, limiting disruption to our business, and to capture their planned benefits while maintaining an adequate internal control environment; (xiv) changes in supplier sales or vendor incentive policies; (xv) the effects of price increases or decreases; (xvi) the effects of pension regulations, pension plan assumptions, pension plan asset performance and future contributions; (xvii) future levels of indebtedness and capital expenditures; (xviii) the continued availability of raw materials and other commodities in adequate supplies and the effect of increased costs for such items; (xix) the effects of currency exchange rates and foreign competition on future operations; (xx) changes in laws and regulations, taxes, interest rates, inflation rates and general business conditions; (xxi) future repurchases and/or issuances of common stock and (xxii) other risks and uncertainties set forth in our 2013 Form 10-K.

Any forward-looking information provided in this report should be considered with these factors in mind. We assume no obligation to update any forward-looking statements contained in this report.

KAMAN CORPORATION AND SUBSIDIARIES

Condensed Consolidated Statements of Operations

(In thousands except per share amounts) (unaudited)

 
  For the Three Months Ended
March 28,
2014
  March 29,
2013
Net sales $ 413,932 $ 388,075
Cost of sales 299,071   277,809
Gross profit 114,861 110,266
Selling, general and administrative expenses 93,761 96,420
Net loss on sale of assets 111   79
Operating income 20,989 13,767
Interest expense, net 3,109 3,068
Other expense (income), net 202   331
Earnings before income taxes 17,678 10,368
Income tax expense 6,221   3,214
Net earnings $ 11,457   $ 7,154
 
Earnings per share:
Basic earnings per share $ 0.43 $ 0.27
Diluted earnings per share $ 0.42 $ 0.26
Average shares outstanding:
Basic 26,923 26,658
Diluted 27,591 27,054
 
Dividends declared per share $ 0.16 $ 0.16

KAMAN CORPORATION AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

(In thousands, except share and per share amounts) (unaudited)

 
  March 28,
2014
 

December 31, 2013

Assets
Current assets:
Cash and cash equivalents $ 7,987 $ 10,384
Accounts receivable, net 227,463 205,873
Inventories 378,467 390,495
Deferred income taxes 30,916 30,128
Income tax refunds receivable 2,297
Other current assets 29,820   26,028  
Total current assets 674,653   665,205  
Property, plant and equipment, net of accumulated depreciation of $172,547 and $167,282, respectively 151,408 148,508
Goodwill 204,069 203,923
Other intangible assets, net 86,974 89,449
Deferred income taxes 7,378 10,287
Other assets 23,357   23,259  
Total assets $ 1,147,839   $ 1,140,631  
Liabilities and Shareholders’ Equity
Current liabilities:
Notes payable $ $ 559
Current portion of long-term debt 12,500 10,000
Accounts payable – trade 118,667 119,482
Accrued salaries and wages 30,773 33,677
Advances on contracts 2,332 9,470
Other accruals and payables 52,248 54,095
Income taxes payable 1,575   673  
Total current liabilities 218,095   227,956  
Long-term debt, excluding current portion 279,132 264,655
Deferred income taxes 3,752 3,855
Underfunded pension 75,728 85,835
Other long-term liabilities 49,517 47,038
Commitments and contingencies (Note 9)
Shareholders' equity:
Preferred stock, $1 par value, 200,000 shares authorized; none outstanding
Common stock, $1 par value, 50,000,000 shares authorized; voting; 27,357,325 and 27,189,922 shares issued, respectively 27,357 27,190
Additional paid-in capital 137,427 133,517
Retained earnings 446,580 439,441
Accumulated other comprehensive income (loss) (80,683 ) (81,121 )
Less 364,314 and 330,487 shares of common stock, respectively, held in treasury, at cost (9,066 ) (7,735 )
Total shareholders’ equity 521,615   511,292  
Total liabilities and shareholders’ equity $ 1,147,839   $ 1,140,631  

KAMAN CORPORATION AND SUBSIDIARIES

Condensed Consolidated Statements of Cash Flows

(In thousands) (unaudited)

 
  For the Three Months Ended
  March 28,
2014
  March 29,
2013
Cash flows from operating activities:  
Net earnings $ 11,457 $ 7,154
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Depreciation and amortization 8,212 7,635
Accretion of convertible notes discount 473 450
Provision for doubtful accounts 111 638
Net loss on sale of assets 111 79
Net loss (gain) on derivative instruments 87 177
Stock compensation expense 1,314 1,187
Excess tax (benefit) from share-based compensation arrangements (522 ) (248 )
Deferred income taxes 1,628 (1,894 )
Changes in assets and liabilities, excluding effects of acquisitions/divestitures:
Accounts receivable (21,752 ) (28,553 )
Inventories 11,959 (14,768 )
Income tax refunds receivable 2,297
Other current assets (3,308 ) (332 )
Accounts payable - trade (8,191 ) (4,686 )
Accrued contract losses (738 ) 12
Advances on contracts (7,139 ) (421 )
Other accruals and payables (3,332 ) 107
Income taxes payable 897 (745 )
Pension liabilities (9,309 ) (2,904 )
Other long-term liabilities 3,775   2,550  
Net cash used in operating activities (11,970 ) (34,562 )
Cash flows from investing activities:
Proceeds from sale of assets 6 8
Expenditures for property, plant & equipment (11,660 ) (11,841 )
Acquisition of businesses (160 )
Other, net (655 ) (131 )
Cash used in investing activities (12,469 ) (11,964 )
Cash flows from financing activities:
Net borrowings under revolving credit agreements 15,995 46,815
Debt repayment (2,500 )
Net change in bank overdraft 8,389 4,057
Proceeds from exercise of employee stock awards 2,120 1,482
Purchase of treasury shares (687 ) (613 )
Dividends paid (4,298 ) (4,256 )
Other (51 )
Windfall tax benefit 522   248  
Cash provided by financing activities 22,041   45,182  
Net decrease in cash and cash equivalents (2,398 ) (1,344 )
Effect of exchange rate changes on cash and cash equivalents 1 (140 )
Cash and cash equivalents at beginning of period 10,384   16,593  
Cash and cash equivalents at end of period $ 7,987   $ 15,109  

Source: Kaman Corp.

Kaman Corp.
Eric Remington
V.P., Investor Relations
860-243-6334
Eric.Remington@kaman.com

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Mon, 28 Apr 2014 16:05:41 -0500
Kaman Distribution Completes Acquisition of B.W. Rogershttp://www.kaman.com/news/view/kaman-distribution-completes-acquisition-of-b-w-rogershttp://www.kaman.com/news/view/kaman-distribution-completes-acquisition-of-b-w-rogersBLOOMFIELD, Conn.--(BUSINESS WIRE)--Apr. 28, 2014-- Kaman Corporation (NYSE:KAMN) announced today the completion of the acquisition of the operating assets of B.W. Rogers Company and certain affiliated entities (collectively, B.W. Rogers) by its Distribution Segment, acting through its subsidiary, Kaman Fluid Power, LLC. Terms of the transaction were not disclosed.

The acquisition of B.W. Rogers expands Kaman’s capabilities in both the fluid power and automation & motion control product areas. B.W. Rogers, which operates from twenty-one locations in seven states from the Northeast to the Midwest, is a tri-motion distributor of Parker Hannifin motion and control products and represents many other premium manufacturers. Approximately 240 former B.W. Rogers’ employees have joined Kaman. The acquired operations of B.W. Rogers had 2013 sales of approximately $100 million.

Steve Smidler , President of Kaman Distribution Group, stated, "Since we announced this transaction earlier this year we have had the opportunity to meet a broader cross section of the B.W. Rogers’ team. We remain impressed with their enthusiasm, market and product knowledge, and operational capabilities. The B.W. Rogers acquisition provides us with growth opportunities in new geographies and the steel, life sciences, shale gas, and automotive end markets. It is a great addition to our fluid power and automation, control and energy product platforms.”

About Kaman Corporation

Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman , and headquartered in Bloomfield, Connecticut conducts business in the industrial distribution and aerospace markets. 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. 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. More information is available at www.kaman.com.

Cautionary Statement on Risks Associated with Kaman Corporation (“Kaman”) Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties. The words “believe,” “expect,” “target,” “goal,” “project,” “anticipate,” “predict,” “intend,” “plan,” “estimate,” “may,” “will,” “should,” “could” and similar expressions and their negatives are intended to identify such statements. Forward-looking statements are not guarantees of future performance, anticipated trends or growth in businesses, or other characterizations of future events or circumstances and are to be interpreted only as of the date on which they are made. Neither Kaman nor any other person undertakes any obligation (and expressly disclaims any such obligation) to update or revise any forward-looking statement. You should not place undue reliance on these forward-looking statements. Our actual results could differ materially and adversely from those anticipated in these forward-looking statements for many reasons, including the risks faced by Kaman described in documents filed with the Securities and Exchange Commission (“SEC”) from time to time. Kaman’s SEC filings can be accessed through the Investor Relations section of our website, http://www.kaman.com, or through the SEC’s EDGAR Database at http://www.sec.gov (Kaman has EDGAR CIK No. 0000054381).

 

Source: Kaman Corporation

Kaman Corporation
Eric Remington, (860) 243-6334
Vice President, Investor Relations
eric.remington@kaman.com
or
Kaman Industrial Technologies Corporation
David Mayer, (860) 687-5185
Vice President, Marketing & Services
dave.mayer@kaman.com

 

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