BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Aerosystems (Kaman) announced today that its UK operation has been successful in securing a five-year contract extension on the Gulfstream G280 program for the supply of Ailerons and Winglets to Triumph Aerostructures. This takes the period of program deliveries out to 2019 and firmly consolidates Kaman as a key supplier on the G280 program. The contract extension has an expected value of more than $27M over the next 5 years.
The Aileron assemblies are comprised of monolithic and sandwich composite parts manufactured in-house by Kaman, brought together into the final assembly with bought-out components from the Kaman supply chain. The Winglet assemblies are comprised of complex double curvature sandwich composite parts manufactured in-house by Kaman and assembled with bought-out components and hardware. The components are then shipped to Triumph to be incorporated into the complete Gulfstream G280 Wing build.
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 actual results to differ from those expressed in the forward looking statements. Important uncertainties that could cause actual results to differ from those expressed in the forward looking statements are identified in periodic reports filed by Kaman Corporation with the SEC, including its Quarterly Reports on Form 10-Q, its Annual Reports on Form 10-K, and its 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 Corporation 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; production of the K-MAX medium-to-heavy lift helicopter and support for the company's SH-2G Super Seasprite maritime aircraft. More information is available at www.kaman.com.