Kaman Corp. (NYSE:KAMN) has announced that its Aerospace segment received a contract modification in excess of USD 17 million for the procurement of Joint Programmable Fuzes (JPF), the company said.
The award is an additional order under Option 13 of Kaman´s JPF contract with the US Air Force (USAF). The modification increases the total value of Option 13 to more than USD 102 million, all of which was in backlog at December 31, 2017.
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.
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. More information is available at www.kaman.com.