Kaman Awarded Multi-Year Contract Extension by CPI for E-2D Advanced Hawkeye and C-2A Greyhound Outer Wing Panel Program

January 14, 2016

JACKSONVILLE, Florida (January 14, 2016) Kaman Aerosystems (Kaman) announced that their Jacksonville business unit has successfully secured a contract extension for the E‑2D and C‑2A Outer Wing Panel Program. The extension is for an additional three years (2015-2018) with an expected value of over $11 million for the fabrication and supply of sheet metal and extrusion parts to CPI Aerostructures, Inc. (CPI).

“Kaman is pleased to continue our relationship with CPI on this program, as it is significant work for our fabrication shop.,” stated Will Zmyndak, vice president and general manager for Kaman Aerosystems’ Integrated Structures and Metallics business unit. “The E-2D Advanced Hawkeye is an important U.S. Navy production program and Kaman is proud to be a part of it.”

All parts delivered by Kaman are manufactured at its Kaman Aerosystems facility in Jacksonville, Florida. These sheet metal and extrusion-fabricated parts are integral to support the assembly of the E-2D’s and C-2A’s outer wing panels. CPI kits the parts provided by Kaman and others and then provides the parts to Northrop Grumman Corp.

This award continues Kaman’s long-term relationship with CPI on the E-2D and C-2A Outer Wing Panel program that dates back to 2008.

About Kaman

Kaman Aerosystems is a division of the aerospace segment of Kaman Corporation (NYSE:KAMN), which was founded in 1945 by aviation pioneer Charles H. Kaman. Headquartered in Bloomfield, Connecticut, Kaman Corporation conducts business in the aerospace and 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; production of the K-MAX medium-to-heavy lift helicopter and support for the company's SH-2G Super Seasprite maritime aircraft. More information is available at www.kaman.com.

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Contact:

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

Gary Tenison
Vice President Business Development
Kaman Aerosystems
(860) 243-7376
Gary.Tenison@Kaman.com