Kaman Awarded Five-Year Contract Extension for the Airbus A330 Program

BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Aerosystems (Kaman) announced today that their UK facility has been successful in securing a further five year contract extension on the Airbus A330 Long Range program for the supply of the Upper and Lower Wing panels to Spirit AeroSystems Europe. This now takes the A330 Long Range program deliveries out to end of 2020. This is a major achievement which also ensures Kaman engagement on the A330NEO (New Engine Option) as part of this award. “The award builds upon the companies’ long-standing fifteen year working relationship on this program. This is a key program for Kaman Composites UK and secures Kaman’s involvement on the A330 NEO aircraft” Tweet this “The award builds upon the companies’ long-standing fifteen year working relationship on this program. This is a key program for Kaman Composites UK and secures Kaman’s involvement on the A330 NEO aircraft,” stated James Larwood, President Kaman Aerosystems. The contract award is effective through December 2020. This program calls for the manufacture and supply of 30 individual carbon fiber wing panels of honeycomb core sandwich construction per aircraft set. The A330 NEO aircraft variant, introduces 14 new alternative panels as part of this contract award. These new panels are very similar construction to the current program but have a subtly different aerodynamic form, which will result in Kaman Tooling UK designing and manufacturing new tooling to support the program. About Kaman Kaman Aerosystems is a division of the aerospace segment of Kaman Corporation (NYSE:KAMN), which was founded in 1945 by aviation pioneer Charles H. Kaman. Headquartered in Bloomfield, Connecticut, Kaman Corporation conducts business in the aerospace and 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; production of the K-MAX medium-to-heavy lift helicopter and support for the company's SH-2G Super Seasprite maritime aircraft. More information is available at www.kaman.com. Contacts Kaman Corporation, Bloomfield, CT Eric Remington, 860-243-6334 VP, Investor Relations Eric.Remington@kaman.com or Kaman Aerosystems, Bloomfield, CT Gary Tenison, 860-243-7376 VP, Business Development Gary.Tenison@kaman.com