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Kaman Announces $324 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 BLOOMFIELD, Conn.--(BUSINESS WIRE)-- 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. [Read more]

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