Kaman Secures $42 M JPF Order

Kaman Corp. (NYSE:KAMN) announced today that it has been awarded a direct commercial sale (“DCS”) order for the procurement of Joint Programmable Fuzes (“JPF”) with an expected total value of $42 million.

"This is the second significant DCS order we received this year and brings total new JPF orders over the last eighteen months to $271 million. The JPF’s high reliability, advanced capabilities, and mission flexibility continue to make the JPF the most desirable high volume safe and arm device for the U.S. Air Force (“USAF”) and our Foreign Allied Militaries. Our team has successfully increased our production capacity while exceeding the field reliability requirements of our customers. This has allowed us to meet the growing demand we have seen for the JPF and we look forward to continuing to support the requirements of the USAF and foreign militaries well into the future." stated Rick Barnhart, President, Kaman Aerospace Group.

Kaman has been the sole provider of the JPF to the USAF since 2002, producing the JPF at facilities in Orlando, Florida and Middletown, Connecticut. In addition to the USAF, Kaman provides the JPF to thirty-nine other nations. Sales of the JPF can be direct to the USAF, Foreign Military Sales ("FMS") through the U.S. Government (“USG”) and DCS to foreign militaries that, although not funded by the USG, require regulatory approvals from the USG prior to delivery. 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-35, A-10, B-1, B-2, B-52 and the MQ-9 UAV as well as on international aircraft such as Mirage 2000, Tornado, F/A-18, Typhoon and Gripen.