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The company announced that its Aerospace segment has entered into a Memorandum of Agreement (MOA) with Boeing Canada Winnipeg for the manufacture and assembly of two major sections of the 747-8 wing-to-body fairing.
Kaman will manufacture most components at its facilities in Connecticut, Florida, Kansas and Vermont with final assembly to be completed at the company's Jacksonville, Florida facility and delivered directly to Boeing's wide-body assembly line in Everett, Washington. The MOA has a potential value, depending on production rates, in excess of $60 million."We are very pleased with the confidence Boeing is expressing in our capabilities by awarding us this work on the 747-8 wing-to-body fairing. We have a long and mutually beneficial relationship with Boeing, having supplied various structures to them for more than three decades. We believe this product is the beginning of an enhanced relationship that could lead to further off-load opportunities," stated Neal J. Keating, Kaman Corporation's Chairman, President and CEO.The 747-8 Wing-to-Body Fairing is currently manufactured by Boeing at its Winnipeg facility. Kaman and Boeing expect to execute a contract in the next several weeks. Transitional efforts are already underway on this program and it is expected that Kaman will begin delivering assemblies during the first half of 2014.About Kaman Corporation:Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut conducts business in the aerospace and industrial distribution markets. The company produces and/or markets widely used proprietary aircraft bearings and components; complex metallic and composite aerostructures for commercial, military and general aviation fixed and rotary wing aircraft; aerostructure engineering design analysis and FAA certification services; safe and arm solutions for missile and bomb systems for the U.S. and allied militaries; subcontract helicopter work; and support for the company's SH-2G Super Seasprite maritime helicopters and K-MAX medium-to-heavy lift helicopters. The company is a leading distributor of industrial parts, and operates more than 200 customer service centers and five distribution centers across North America. Kaman offers more than four million items including bearings, mechanical power transmission, electrical, material handling, motion control, fluid power, automation and MRO supplies to customers in virtually every industry. Additionally, Kaman provides engineering, design and support for automation, electrical, linear, hydraulic and pneumatic systems as well as belting and rubber fabrication, customized mechanical services, hose assemblies, repair, fluid analysis and motor management.More information: www.kaman.com