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Stock impact report

Kaman Secures $42 Million Joint Programmable Fuze Order

Kaman Corporation (KAMN) 
Last kaman corporation earnings: 2/24 04:30 pm Check Earnings Report
US:NYSE Investor Relations: kaman.com/investors
Company Research Source: Business Wire
BLOOMFIELD, Conn.--(BUSINESS WIRE)--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 Show less Read more
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