Kaman agreement extends Sikorsky H-60 relationship to 2022

Kaman Corporation (NYSE:KAMN) subsidiary Kaman Aerospace Corporation (Kaman) has entered into a new multi-year (MY) contract with Sikorsky, a Lockheed Martin (NYSE:LMT) company, which outlines the pricing and conditions for the manufacture of H-60 cockpits under the Department of Defense MY IX H-60 procurement authorization, the company said.

The term of the MY agreement between Kaman and Sikorsky will be for five years, starting in 2018 and ending in 2022, per Sikorsky and the US Army´s recent signing of the MY IX contract. Under the agreement, Kaman will continue to manufacture UH-60M Black Hawk and HH-60M MEDEVAC model cockpits for Sikorsky at Kaman´s Jacksonville, Florida, facility. Since 2004 Kaman has delivered more than 1,200 new H-60 cockpits to Sikorsky.

Kaman´s scope of work for the new agreement will continue to include final assembly of the cockpits as well as detail metal part manufacturing, and procurement of wiring harnesses, composite parts, hardware, flight control mechanisms, and other H-60 cockpit associated parts. In addition, for the new MY procurement, Kaman will be responsible for procuring and installing specified flight safety items.

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.