Kaman Receives Award from MBDA for Composite Components for Missile Program
By Business Wire News
By Business Wire News
DARWEN, Lancashire, United Kingdom
Kaman Composites UK Limited (Kaman) announced today that it has received an order for composite parts from European missile developer and manufacturer MBDA for one of their missile programs. The contract has an expected value of more than GB£2.8M ($4.4M), bringing total program orders to date to over GB£ 9.1M ($14.1M).
“We are excited about the growth being realized on this MBDA missile program and are dedicated to the continued quality and delivery performance we have provided on our portion to get us to this juncture,” stated James Larwood, Director, Kaman Composites UK Limited.
Kaman supplies multiple composite components to MBDA UK for this missile program.
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 Composites UK is a subsidiary of Kaman Aerosystems, 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.
Kaman Corporation, Bloomfield, CT
Eric Remington, 860-243-6334
VP, Investor Relations
David Owen, +44(0) 755.336.0171
Director – Regional Business Development EurAsia