Longbow Research Upgrades Kaman Corporation (KAMN) to Buy
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Kaman Announces Joint Programmable Fuze Orders Totaling $54 Million
December 8, 2015 5:31 PM ESTBLOOMFIELD, Conn.--(BUSINESS WIRE)-- Kaman Corp. (NYSE: KAMN) announced today that its Aerospace segment has been awarded three orders for the procurement of Joint Programmable Fuzes (JPF) with an expected total value of $54.0 million. The first award is an additional order with an expected value of $20.8 million under Option 12 of Kamans JPF contract with the U.S. Air Force (USAF). Delivery of the USAF fuzes is anticipated to occur in 2016 and 2017. The company has also received two direct commercial sale orders with an expected total value of $33.2 million for delivery in 2016.... More
