BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corporation announced today that its Aerosystems division (Kaman) has been awarded an extension to its current contract with Bell Helicopter to manufacture skin and skin to core components for the Bell UH-1Y and AH-1Z helicopters. This five-year follow on contract has an expected value in excess of $25 million. The components will continue to be manufactured at the Kaman Composite Structures facility in Bloomfield, Connecticut.
“We are proud to have been awarded this follow-on contract from Bell Helicopter. We began supplying these components in 2010 and we are delighted to continue this relationship. Kaman has now secured long term commitments to supply Bell with skin and skin to core components for both their commercial and military rotor requirements. We look forward to providing these products for years to come," stated Tim Bates, General Manager, Kaman Composite Structures - Connecticut & Vermont Divisions.
Kaman is a leading supplier of integrated aerostructures, including metallic and composite structural assemblies and metallic parts for OEM and Tier I aerospace companies engaged in commercial and military aircraft and aeroengine programs. The company provides complete aerostructure solutions including design, tooling, manufacturing, testing, and support.
Risks Associated with Forward-Looking Statements
This release includes "forward looking statements" relating to the estimated value of the contract discussed above. These statements are based on assumptions currently believed to be valid, but they involve risks and uncertainties that could cause our actual results to differ from those expressed in the forward looking statements. Important uncertainties that could cause our actual results to differ from those expressed in the forward looking statements are identified in our reports filed with the SEC, including our Quarterly Reports on Form 10-Q, our Annual Reports on Form 10-K, and our Current Reports on Form 8-K. The forward looking statements included in this press release are made only as of the date of this release, and Kaman does not undertake any obligation to update the forward looking statements to reflect subsequent events or circumstances.
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; and support for the company's SH-2G Super Seasprite maritime helicopters and K-MAX medium-to-heavy lift helicopters. Additionally, the Company is a leading distributor of industrial parts, and operates more than 250 customer service centers and five distribution centers across North America. Kaman offers more than four million items including bearings, mechanical power transmission, electrical, material handling, motion control, fluid power, automation and MRO supplies to customers in virtually every industry. Kaman also provides engineering, design and support for automation, electrical, linear, hydraulic and pneumatic systems as well as belting and rubber fabrication, customized mechanical services, hose assemblies, repair, fluid analysis and motor management. More information is available at www.kaman.com