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Stockreport

Kaman Announces $17 Million Joint Programmable Fuze Order

KAMAN (KAMN)  More Company Research Source: Business Wire
Last kaman earnings: 5/7 04:15 pm Check Earnings Report
US:NYSE Investor Relations: kaman.com/investors
PDF Total value of Option 13 increases to $102 million BLOOMFIELD, Conn.--(BUSINESS WIRE)-- Kaman Corp. (NYSE:KAMN) announced today that its Aerospace segment received a contract modification in excess of $17 million for the procurement of Joint Programmable Fuzes (JPF). The award is an additional order under Option 13 of Kaman’s JPF contract with the U.S. Air Force (USAF). The modification increases the total value of Option 13 to more than $102 million, all of which was in backlog at December 31, 2017. "This additional order under Option 13 and the anticipated release of Option 14 provide multi-year visibility for the JPF program. In addition, we envision USAF demand beyond these options and significant foreign opportunities that will ensure the JPF remains a strong contributor for many years to come," stated Richard Barnhart, President, Kaman Aerospace Group. Kaman has been the sole p [Read more]

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