Kaman Completes First K-MAX® Airframe from Jacksonville Production Line

BLOOMFIELD, Conn.  –  (NYSE:KAMN) Kaman Aerosystems (Kaman) announced today that it has successfully delivered its first airframe from the re-opened K-MAX^® production line in Jacksonville, Florida to the Company’s plant in Bloomfield, Connecticut where it will undergo final assembly, testing, and certification.

“Delivery of the first K-MAX^® aircraft to our customer is scheduled to take place during the second quarter of this year following completion of the remaining assembly and testing at our Bloomfield facility. Producing the initial airframe is an important milestone for the program,” according to Drake Klotzman, Air Vehicles & MRO (AVMRO) Division General Manager. “There will be a number of efforts occurring simultaneously over the next few months, including the assembly of the aircraft, FAA production certification efforts, customary one-time inspections associated with the first aircraft, and flight test.”  Klotzman also stated, “Our experienced employees are working diligently to complete the first aircraft in order to have deliveries to customers begin this spring with multiple deliveries to follow during 2017.

The single-engine, single-seat K-MAX^® is a rugged low-maintenance aircraft that features a counter-rotating rotor system and is optimized for external load operations and designed specifically for vertical reference flight.  The aircraft can lift up to 6,000 pounds (2,722 kg).

Development of the K-MAX^® was led by Kaman founder and former CEO, aviation pioneer Charles H. Kaman, and received Federal Aviation Administration certification in 1994.  The aircraft are used around the world for firefighting, logging, construction and other missions requiring repetitive aerial lift capabilities. The U.S. Marine Corps maintains two unmanned K-MAX^® aircraft developed with Lockheed Martin.  These aircraft successfully supported the U.S. Marine Corps in Afghanistan for thirty-three months from 2011-2014 carrying more than 4.5 million pounds of cargo.  Development efforts to increase the military mission capabilities of the unmanned platform continue.  Additional unmanned firefighting and humanitarian missions for K-MAX^® are also being developed and tested.

Risks Associated with Forward- Looking Statements

This release includes “forward looking statements” relating to the K-MAX^® program discussed above. These statements are based on assumptions currently believed to be valid, but they involve risks and uncertainties that could cause our actual results to differ from those expressed in the forward looking statements.  Important uncertainties that could cause our actual results to differ from those expressed in the forward looking statements are identified in our reports filed with the SEC, including our Quarterly Reports on Form 10-Q, our Annual Reports on Form 10-K, and our Current Reports on Form 8-K. The forward looking statements included in this press release are made only as of the date of this release, and Kaman does not undertake any obligation to update the forward looking statements to reflect subsequent events or circumstances.

About Kaman

Kaman Aerosystems is a division of the Aerospace Segment of Kaman Corporation (NYSE:KAMN).  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 markets proprietary aircraft bearings and components; super precision, miniature ball bearings; complex metallic and composite aerostructures for commercial, military and general aviation fixed and rotary wing aircraft; safe and arming solutions for missile and bomb systems for the U.S. and allied militaries; subcontract helicopter work; restoration, modification and support of  our SH-2G Super Seasprite maritime helicopters; manufacture and support of our K-MAX® manned and unmanned medium-to-heavy lift helicopters; and engineering design, analysis and certification services.  The company is a leading distributor of industrial parts, and operates approximately 240 customer service centers and five distribution centers across the U.S. and Puerto Rico. 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 is available at www.kaman.com.

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Contact:

Eric Remington
VP, Investor Relations
Kaman Corporation, Bloomfield, CT
(860) 243-6334
[email protected]

or

Terry Fogarty
Director, Business Development
K-MAX^® Helicopter Programs
Kaman Air Vehicles and MRO
(860) 243-7431 (office)
(860) 214-7225 (mobile)
[email protected]