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Kaman Corp. (NYSE: KAMN) maintains leadership in aerospace engineering and defense solutions through precision components and mission-critical systems. This dedicated news hub provides investors and industry professionals with essential updates on corporate developments, technological advancements, and market positioning.
Access real-time updates including earnings announcements, product launches, strategic partnerships, and regulatory milestones. Our curated collection ensures you stay informed about KAMN's contributions to aviation safety, composite manufacturing innovations, and defense system enhancements.
Key coverage areas include proprietary bearing technologies, helicopter production updates, FAA certification achievements, and military contract developments. Each update is vetted for relevance to long-term investors and sector analysts tracking aerospace market trends.
Bookmark this page for streamlined access to Kaman's verified press releases and industry analyses. Monitor how this established innovator addresses evolving demands in commercial aviation and defense logistics through engineering excellence.
Kaman Corp. (NYSE:KAMN) reported its first quarter 2022 financial results, showing net sales of $158 million, a year-over-year growth in the Engineered Products segment, and a gross margin improvement of 120 basis points. The company’s net earnings were $4 million, with an adjusted EBITDA of $12.2 million. However, the Precision Products segment experienced lower sales and margins, particularly for the K-MAX® and JPF programs. A $50 million share repurchase program was announced to return value to shareholders. The company remains optimistic about its 2022 outlook.
Kaman Corp. (NYSE:KAMN) will announce its first quarter 2022 results on May 2, 2022, after market close. A live webcast and conference call to discuss these results will take place on May 3, 2022, at 8:30 AM ET. Investors can access relevant materials, including a supplemental presentation, on the Company’s website prior to the earnings call. For participation, dial (844) 473-0975 in the U.S. or (562) 350-0826 internationally, using Conference ID: 3685246. A replay will be available shortly after the call.
Kaman Corporation (NYSE:KAMN) announced a new stock repurchase program of $50 million aimed at limiting future dilution from employee stock plans. Senior Vice President Jamie Coogan highlighted the initiative as part of the company's commitment to shareholder value and reflects strong cash flow and financial stability. The repurchase will be flexible, contingent on market conditions and capital requirements, and replaces the previous plan approved in April 2015.
Kaman Aerospace Group has received a follow-on award from Sikorsky, a Lockheed Martin company, for the HH-60W Combat Rescue Helicopter cockpit. This contract covers deliveries from 2022 through 2025, leveraging Kaman's skilled workforce in Jacksonville, Florida. Vice President William Zmyndak expressed excitement in supporting this U.S. Air Force program and emphasized the commitment to quality and supplier relationships. Kaman Corporation, founded in 1945, operates in aerospace, defense, and industrial markets, providing various aircraft components and solutions.
Kaman Corp. (NYSE: KAMN) reported its financial results for Q4 and full year 2021. Net sales for 2021 reached $709 million with a gross margin of 33.4%. Earnings from continuing operations totaled $43.7 million, leading to diluted EPS of $1.57. For Q4, net sales were $175.1 million and earnings were $9.2 million. The company's cash flow from operations was $48.7 million for the year. Kaman anticipates improvement in product demand as markets recover from the pandemic, with effective management strategies yielding positive cash flow.
Kaman Corporation (NYSE:KAMN) announced a regular quarterly dividend of 20 cents per common share, set to be paid on April 14, 2022, to shareholders of record by March 15, 2022. Founded in 1945, Kaman operates in aerospace, defense, industrial, and medical markets, providing a range of specialized products and services including aircraft bearings, military solutions, and both manned and unmanned aircraft systems. This dividend reflects the company's ongoing commitment to returning value to shareholders.
Kaman Corporation (NYSE: KAMN) has announced the launch of its new P-54 contoured anti-wear components designed for the maintenance, repair, and overhaul of legacy helicopter gearboxes. This innovative composite material is engineered to resist abrasion and harsh environmental conditions, extending the lifespan of gearboxes. The P-54 components are customizable and can be produced quickly, meeting the needs of both defense and commercial aerospace sectors. This advancement positions Kaman to better serve its customers and potentially reduce their operational costs.
Kaman Composites - Wichita, an indirect subsidiary of Kaman Corporation (NYSE:KAMN), has received FAA approval for new composite repair capabilities for ATR and ERJ airframes at its Wichita, Kansas facility. This strategic move aligns with Kaman's focus on expanding its services in the regional aircraft market, addressing immediate repair needs. The company also emphasizes its agility and quick turnaround times to support customers amidst aviation demands. Kaman Composites offers a comprehensive range of services in the aerospace sector, including engineering, prototyping, and MRO services.
Motorcar Parts of America (Nasdaq: MPAA) has appointed Patricia (Tribby) W. Warfield to its board of directors, enhancing board diversity and corporate governance. With 11 directors, 10 are now independent. Warfield brings vast experience from her roles at APC Automotive Technologies and Kaman Corporation, along with significant international exposure during her time at Gates Corporation. Her insight is expected to support the company's growth in automotive aftermarket products amid favorable market conditions.
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