Kaman (KAMN) Plans Restructuring

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Go back to Kaman (KAMN) Plans Restructuring

Kaman Announces Restructuring Plan

September 7, 2017 4:15 PM EDT

BLOOMFIELD, Conn.--(BUSINESS WIRE)-- Kaman Corporation (NYSE: KAMN) today announced a restructuring plan resulting from its ongoing effort to improve capacity utilization and operating efficiency to better position the Companys Aerosystems business for increased profitability and growth. The restructuring primarily affects the Aerospace segments Connecticut Composite Structures division in Bloomfield, Connecticut, and its fabricated products operations in Hyde, United Kingdom.

In the U.S., the Company expects to close its Connecticut Composite Structures division and transfer its programs to the Companys composites facility in Wichita, Kansas and to its... More