Kaman announces USD 85m USAF Joint Programmable Fuze Order

Kaman Corp. (NYSE:KAMN) has announced that its Aerospace segment has received an order with an expected value of approximately USD 85 million for the procurement of Joint Programmable Fuzes (JPF) for the US Air Force (USAF) and 18 foreign militaries, the company said.

The award is the first order under Option 13 of Kaman´s JPF contract with the USAF with deliveries anticipated to occur in 2018 and 2019.

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 US aircraft such as F-15, F-16, F-22, F-35, 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.

Kaman Corporation, founded in 1945 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 US and allied militaries; design and supply of aftermarket parts to O aerospace markets; K-MAX® medium to heavy lift helicopters; and support for the company´s SH-2G Super Seasprite maritime helicopters and K-MAX® aircraft. More information is available at www.kaman.com.