Kaman Corporation

Kaman Corp. engages in the design, manufacture and distribution of aircrafts, aircraft parts and components. It operates through the following three segments: Engineered Products, Precision Products and Structures. The firm produces and markets proprietary aircraft bearings and components, super precision, miniature ball bearings, proprietary spring energized seals, springs and contacts, complex metallic and composite aero structures for commercial, military, and general aviation fixed and rotary wing aircraft, and safe and arming solutions for missile and bomb systems for the U.S. and allied militaries. The company was founded by Charles H. Kaman in 1945 and is headquartered in Bloomfield, CT.

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Kaman Corporation reports robust Q4 earnings, eyes growth opportunities

Kaman Corporation's Q4 2022 performance reflects strong sales growth and improved profitability, driven by the Engineered Products segment and strategic cost optimization.
Challenges in 2022 included operational issues and planned volume reductions, while opportunities lie in revenue growth, cost savings, and market alignment with peers.
The company's focus on financial efficiency, product innovation, and addressing upcoming refinancing needs will be critical for sustained growth and market positioning.
Overall, Kaman Corporation's performance showcases resilience, strategic foresight, and a commitment to long-term financial success amidst operational challenges and market dynamics.

Kaman Corp excels in Q1 2023, eyes growth through innovation

Kaman Corporation's Q1 2023 performance reflects strong sales growth and improved profitability across key segments.
Strategic actions, diverse revenue sources, and financial discipline underscore the company's resilience and growth potential.
Challenges in certain segments necessitate focused efforts on product innovation and operational efficiency.
Opportunities in next-gen products, operational optimization, and financial management position the company for sustainable growth.

Kaman Corporation reports robust Q2 performance, focuses on growth opportunities

Kaman Corporation's Q2 2023 earnings call highlighted strong sales growth, operational efficiency improvements, and strategic initiatives to drive profitability. While facing challenges in certain segments, the company remains focused on capitalizing on growth opportunities and reducing leverage to enhance shareholder value.

Kaman Corp reports robust Q3 growth, eyes high-growth opportunities

Kaman Corporation's Q3 performance reflects strong sales growth, particularly in key segments like Engineered Products and commercial aviation, while facing challenges in certain segments.
The company's strategic focus on investing in growth areas, optimizing costs, and advancing innovative products like the KARGO UAV system underscores its commitment to long-term success.
Revised full-year outlook with higher adjusted EBITDA range signals confidence in future prospects, highlighting Kaman's resilience and adaptability in navigating market dynamics.

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Since 1945, Kaman has been a leading innovator in the aerospace industry, serving commercial and military customers around the world. Its technical expertise and broad array of solutions has helped the organization grow to become one of North America's largest industrial distributors and system consultants.  The Kaman Aerospace Group serves commercial and military customers around the world and employs over 2,900 individuals at 21 global facilities. The business segment accounted for 39% of 2016 consolidated revenues, which were comprised of defense, fuzing, and commercial sales.  The Kaman Distribution Group offers a broad array of solutions that have helped it grow to become on of North America's largest industrial distributors and system consultants. The division employs over 2,200 individuals at 240 locations across the United States. It accounts for 61% of 2016 consolidated revenues, which came from the Bearings & Power Transmission, Automation, and Fluid Power product platforms.

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kamatics Corporation, a Kaman business (NYSE: KAMN), announced that it is introducing new P-54 contoured, anti-wear components for the maintenance, repair, and overhaul (MRO) of legacy helicopter gearboxes. P-54 is a unique composite that can be adhered to substrates where the surface is prone to abrasion, fretting wear, impact damage, or other harsh environmental conditions. P-54 is utilized on defense and commercial aerospace platforms and is certified by m

Kamatics Extends Helicopter Gearbox Life With Custom Molded Anti-Wear Composites (P-54)

GOA, India--(BUSINESS WIRE)--Kineco Kaman Composites India Private Limited (Kineco Kaman), a Joint Venture between Goa-based Kineco Limited (Kineco) and Kaman Aerospace Group, Inc. (Kaman Aerospace), a subsidiary of Kaman Corporation (NYSE: KAMN) in the United States, marked an important stage in its history with the delivery of its 600th Mission Crew Workstation (MCW) Console to BAE Systems USA. These MCW Consoles are used in the Boeing P-8 Poseidon maritime patrol aircraft. Kineco Kaman also

Kineco Kaman Composites India Celebrates BAE Systems Delivery Milestone

Kaman (KAMN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Kaman (KAMN) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

WICHTA, Kan.--(BUSINESS WIRE)--Kaman Composites - Wichita, Inc., an indirect subsidiary of Kaman Corporation (NYSE:KAMN), announced today that its FAA Part 145 Repair Station in Wichita, Kansas has earned FAA approval of two new composite repair capabilities, to include ATR and ERJ airframes. “We aligned our strategic plan last year to assure composite repair capabilities on platforms where there were immediate needs. Specifically, we focused on the regional aircraft market, due to the amount o

Kaman Composites Expands Part 145 Capabilities With FAA Approval of ATR and ERJ Composite Repairs

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corp. (NYSE:KAMN) announced today that it will report its fourth quarter 2021 results after the stock market closes on Thursday, February 24, 2022, and host a live webcast and conference call at 8:30 am ET on Friday, February 25, 2022. A supplemental presentation relating to the fourth quarter and full year 2021 results will be posted to the Company's website prior to the earnings call at http://www.kaman.com/investors/presentations. The call will be ac

Kaman Corporation Announces Release Date for Fourth Quarter 2021 Earnings

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kamatics Corporation, a Kaman business (NYSE:KAMN), announced that they will support the new James Webb Space Telescope with its KAron, high technology self-lubricating bearings. Named after the NASA chief who led the Apollo space program, the James Webb Space Telescope launched on December 25, 2021. Webb's infrared telescope, able to see into distant galaxies, will explore a wide range of scientific questions and help us understand the origins of the univers

Kamatics to Support the New James Webb Telescope With KAron Technology

BENNINGTON, Vt.--(BUSINESS WIRE)--Kaman Composites – Vermont, Inc., an indirect, wholly owned subsidiary of Kaman Corporation (NYSE:KAMN), announces the expansion of its medical imaging program through the recent new partnership with Mirion Technologies, a major medical equipment manufacturer. Kaman will be supplying surgical C-Arm tabletops to Mirion, with first deliveries set to begin in the second quarter of 2022. “Kaman Composites is widely known as a critical component supplier to the aero

Kaman Composites Expands Medical Imaging Programs With Mirion Technologies

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corporation (NYSE: KAMN) announced today that it will change the presentation of its financial results to report three segments. The new reporting structure will enhance transparency across the company as part of its ongoing growth strategy and portfolio management. The new segments are as follows: Engineered Products: This segment will serve the aerospace & defense, industrial and medical markets providing sophisticated, proprietary aircraft bearin

Kaman Announces New Reporting Segments

Genuine Parts

Genuine Parts Co's (NYSE: GPC) wholly-owned subsidiary, Motion Industries Inc, will acquire Kaman Distribution Group (KDG) from private investment firm Littlejohn & Co LLC for about $1.3 billion in cash. Bloomfield, Connecticut-based KDG is a power transmission, automation, and fluid power industrial distributor and solutions provider with operations throughout the U.S. KDG's 1,700 employees serve more than 50,000 customers.

Genuine Parts To Acquire Kaman Distribution For ~$1.3B

Genuine Parts Company GPC, +0.85% said Thursday its Motion Industries Inc. unit will pay about $1.3 billion for Kaman Distribution Group, a 1,700-employee power transmission, automation and fluid power industrial distributor founded in 1971. Private equity firm Littlejohn & Co. LLC is the seller on the deal, which is expected to close in the first quarter of 2022.

Genuine Parts Company paying $1.3 billion for Kaman Distribution Group in industrial deal

Kaman Corporation's (KAMN) CEO Ian Walsh on Q3 2021 Results - Earnings Call Transcript

Kaman (KAMN) delivered earnings and revenue surprises of 13.21% and -4.45%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Kaman (KAMN) Q3 Earnings Surpass Estimates

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corp. (NYSE:KAMN) today reported financial results for the third fiscal quarter ended October 1, 2021. Ian K. Walsh, Chairman, President and Chief Executive Officer, commented, “We continue to focus on driving improved performance through the deployment of our operations excellence model across all of our businesses, which provides a sustainable foundation to achieve our financial targets. We saw gross margin of 35.1% in the quarter, a strong result whi

Kaman Reports 2021 Third Quarter Results

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Air Vehicles, a division of Kaman Corporation (NYSE:KAMN), announced the receipt of signed purchase agreements for two K-MAX® medium-to-heavy lift helicopters with deliveries expected in the fourth quarter of 2021. The operators are located in the U.S. and Canada. “We are thrilled that the K-MAX® continues to be the helicopter of choice for external lift applications that require the need for precise, efficient and cost-effective operations,” said Roger

Kaman Announces Receipt of New K-MAX® Orders

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Today Kaman (NYSE: KAMN) announces that its subsidiary Kamatics Corporation (“Kamatics”) received an initial award to provide components manufactured using its proprietary Titanium Diffusion Hardening process (“TDH”) to a leading eVTOL manufacturer. Kaman's TDH process opens up new engineered applications by providing the lightweight and high strength benefits of titanium alloys while improving surface hardness, durability, and wear characteristics. TDH produ

Kaman Receives Initial Award From Leading eVTOL Company for Components Utilizing Its Titanium Diffusion Hardening Process

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman (NYSE: KAMN) announced today that Kaman Precision Products has successfully tested their new FireBurst™ height of burst sensor for Laser Guided Bombs (LGBs). Earlier this month, several tests were carried out at an overseas location using live warheads, fuzes and guidance kits that were released from fighter aircraft in operationally representative conditions. The systems functioned as expected, detonating at the programmed height above the target. Fire

Kaman Precision Products Successfully Demonstrates New Height of Burst Capability With FireBurst™

Earnings Preview: Kaman (KAMN) Q3 Earnings Expected to Decline

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BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corp. (NYSE:KAMN) announced today that it will report its third quarter 2021 results after the stock market closes on Tuesday, November 2, 2021, and host a live webcast and conference call at 8:30 am ET on Wednesday, November 3, 2021. The call will be accessible by telephone within the U.S. at (844) 473-0975 and from outside the U.S. at (562) 350-0826 (using the Conference I.D.: 2868097) or via the Internet at www.kaman.com. Please go to the website at

Kaman Corporation Announces Release Date for Third Quarter 2021 Earnings

WICHITA, Kan.--(BUSINESS WIRE)--Kaman Composites - Wichita, Inc., an indirect subsidiary of Kaman Corporation (NYSE:KAMN), announced today that its FAA Part 145 Repair Station in Wichita, Kansas, has earned European Union Aviation Safety Agency (EASA) approval for composite structures repair. “This approval is just one step in the process of offering more composite repair capabilities to the commercial and business aviation markets,” said Malissa Nesmith, Senior Director of Business Development

EASA Awards Kaman Composites Part 145 Certification

WICHITA, Kan.--(BUSINESS WIRE)--Kaman Composites - Wichita, Inc., an indirect subsidiary of Kaman Corporation (NYSE:KAMN), celebrated the delivery of the 1500th inlet unit for the CH-47 Boeing Program at the end of August. Originally developed in the late 1950s, the well-known Chinook CH-47 is among the heaviest lifting helicopters in operation today. “The CH-47 inlets exemplify our strong history of supporting defense programs for major OEMs like Boeing,” said Shawn Hawks, General Manager, Kam

Kaman Composites - Wichita Completes Delivery of 1500th Inlet Unit for Boeing CH-47 Program

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corporation (NYSE: KAMN) today unveiled the KARGO UAV, the newest addition to its family of purpose-built, autonomous unmanned systems designed to be the new standard for expeditionary logistics. Built with the U.S. Armed Forces future operating concepts in mind, the KARGO UAV offers a rugged design for easy transport and deployment. The system's compact form-factor fits in a standard shipping container and is designed to be unloaded and operated by as

Kaman Unveils New Medium Lift UAV: the KARGO UAV Is a New Solution for Expeditionary Logisitics

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corporation (NYSE: KAMN) announced today that its subsidiary, Kaman Aerospace Group, Inc., has been selected by Transcend Air Corporation to build the Vy 400 High Speed Vertical Takeoff and Landing (HSVTOL) aircraft. The Vy 400 design is optimized to reduce the current time and cost barriers for regional city-to-city travel. The vertical takeoff and landing capabilities of the Vy 400 aircraft gives Transcend Air access to demand-rich centers of major ci

Kaman Aerospace Group, Inc. selected by Transcend Air to build the Vy 400 High Speed VTOL Aircraft

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corp. (NYSE:KAMN) announced today that it received an order under Option 16 of its Joint Programmable Fuze (“JPF”) contract with the U.S. Air Force (“USAF”). This order has an expected value of approximately $43 million for the procurement of JPFs for foreign militaries. "The U.S. Government executed Option 16 of our JPF contract which will add $43 million to backlog with deliveries expected to begin in 2022. The JPF provides high levels of mission flex

Kaman Announces $43 Million Joint Programmable Fuze Order

Kaman's (KAMN) CEO Ian Walsh on Q2 2021 Results - Earnings Call Transcript

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