Kaman Awarded $53 M Composites Contract From Bell Helicopter(Bloomfield, Conn., September 10, 2009) -- Kaman Corporation (Nasdaq: KAMN) announced that the Helicopters Division of its subsidiary, Kaman Aerospace Corporation has been awarded a five-year contract with a potential value of $53 million to build composite helicopter blade skins and skin core assemblies for Bell Helicopters. Under the terms of the contract, Kaman will provide 18 different assemblies for H1, 406, 407, 412, 427, 429, 430 and BA609 aircraft. All work will be performed at the Kaman HeliworX(TM) full-service aerospace innovation and manufacturing support center in Bloomfield, Connecticut. Initial deliveries to Bell's Hurst, Texas, facility will begin in late 2009.
"We are delighted by this opportunity to work with Bell Helicopter in producing world-class rotorcraft," said Neal J. Keating, Chairman, President and Chief Executive Officer of Kaman Corporation. "This is further evidence of our ability to leverage our OEM capabilities in support of other helicopter manufacturers."
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"Kaman has the skills and competitiveness we require in the composite blade-manufacturing arena," said Mary Simmerman, Senior VP Supply Chain Management at Bell. "We expect this to be a positive agreement for both companies."
Source : Kaman Corp.