Kaman Announces $5.4 M Joint Programmable Fuze Order
Kaman Corporation (NYSE:KAMN) announced today that its Aerospace segment has been awarded a contract modification in the amount of $5.4 million for the procurement of Joint Programmable Fuzes (JPF). The award is a follow-on order raising the cumulative quantity under Option 11 of Kaman’s JPF contract with the U.S. Air Force (USAF) to more than 15,000 fuzes. Delivery of fuzes under Option 11 is anticipated to occur in 2015 and 2016.
"We are pleased with this additional order from our customer, the U.S. Air Force for our largest single program. We believe the JPF's reliability, operational flexibility, and cost effectiveness make it superior to all other bomb fuzes. The order demonstrates the USAF's continued demand for the product and commitment to the program," stated Kaman Aerospace Group President, Greg Steiner.
Aircraft Modernization, Upgrade, and Retrofit Market 2015-2019
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-six 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 - view original press release
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