Kaman Announces $324 M JPF Order

Kaman Corp. (NYSE:KAMN) announced today that its Aerospace segment has been awarded a direct commercial sale (DCS) order for the procurement of Joint Programmable Fuzes (JPF) with an expected total value of $324 million. Delivery of the fuzes is anticipated to begin in 2019 and continue through 2022.

"This order represents the largest single order in the history of the JPF program and when combined with orders received under Option 13 of our U.S. Air Force contract and expected orders under Option 14, will add a total of over $500 million to our order book and backlog, securing the future of this program for many years. The JPF’s advanced capabilities, mission flexibility and outstanding reliability make it an essential component of bomb systems for use by militaries around the world," stated Neal J. Keating, Chairman, President and Chief Executive Officer.

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, F-35A, 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.