Kaman Announces New $70M Joint Programmable Fuze Contract with the USA
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Monday, April 21, 2014


Kaman Announces New $70M Joint Programmable Fuze Contract with the USAF

Kaman Corporation (NYSE:KAMN) announced today that its Aerospace segment has entered into a new contract with the U.S. Air Force (USAF) for the sale of Joint Programmable Fuzes (JPF).

“This contract award from the Air Force signifies the critical capability that the JPF provides to our men and woman in uniform. The JPF is the most functional and reliable bomb fuze in the U.S. military's arsenal. We are pleased to solidify the future of our largest single program”


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The new base contract, also referred to as Option 10, has an estimated value of $70 million. The agreement also contains two follow-on options (options 11 and 12) that, if exercised, would raise the total value and extend the contract through mid-2017. Deliveries under Option 10 are anticipated to begin in the second half of 2014.

"This contract award from the Air Force signifies the critical capability that the JPF provides to our men and woman in uniform. The JPF is the most functional and reliable bomb fuze in the U.S. military's arsenal. We are pleased to solidify the future of our largest single program," stated Neal J. Keating, Kaman Corporation's Chairman, President and CEO.

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-three 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. The JPF is used with a number of weapons including general purpose bombs, and guided bombs that use JDAM or Paveway kits, on U.S. aircraft such as F-15, F-16, F-22, A-10, B-1, B-2, B-52 and the MQ-9 UAV as well as on international aircraft such as Mirage 3 and Gripen. Kaman produces the JPF at facilities in Orlando, Florida and Middletown, Connecticut.

Source : Kaman Corporation

Published on ASDNews: Aug 12, 2013

 

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