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Kaman Corp - KAMN STOCK NEWS

Welcome to our dedicated page for Kaman news (Ticker: KAMN), a resource for investors and traders seeking the latest updates and insights on Kaman stock.

Kaman Corp (NYSE: KAMN) is a prominent player in the aerospace and distribution markets, with a rich history dating back to its founding in 1945 by aviation pioneer Charles H. Kaman. Headquartered in Bloomfield, Connecticut, Kaman Corp operates 17 locations worldwide, cementing its global footprint in the industry.

The company's core businesses include the production and marketing of proprietary aircraft bearings and components, super precision miniature ball bearings, and complex metallic and composite aerostructures for a variety of aircraft types including commercial, military, and general aviation fixed and rotary wing aircraft. Kaman Aerospace, a key segment of the corporation, also excels in aerostructure engineering design analysis and FAA certification services.

Notably, Kaman Corp offers safe and arm solutions for missile and bomb systems for the U.S. and allied militaries. The company is also recognized for its subcontract helicopter work, the production of the K-MAX medium-to-heavy lift helicopter, and support for the SH-2G Super Seasprite maritime aircraft.

Recently, Kaman Corp has been in the spotlight due to significant corporate developments. On April 18, 2024, it was announced that Cohen & Steers Inc. (NYSE: CNS) will replace Kaman Corp. in the S&P SmallCap 600, following Arcline Investment Management LP's acquisition of Kaman, which is set to close by April 19, pending final conditions. This strategic move marks a new chapter in Kaman's storied history, potentially influencing its market presence and operational dynamics.

For more information about the company's operations, products, and recent updates, visit their official website at www.kaman.com/aerospace.

News

Kaman Delivers New K-MAX® to Black Tusk Helicopter Inc.

Rhea-AI Summary
Kaman Corp. (NYSE:KAMN) delivered a new K-MAX® helicopter to Black Tusk Helicopter Inc. for various external lift projects like timber harvesting and firefighting. The K-MAX® is known for its proven lift capability and performance in demanding environments.
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Arcline Completes Acquisition of Kaman

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Arcline Investment Management, L.P. has completed the acquisition of Kaman in an all-cash transaction valued at approximately $1.8 billion. Kaman shareholders will receive $46.00 per share in cash, leading to the delisting of Kaman's common stock from the New York Stock Exchange.
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Cohen & Steers Set to Join S&P SmallCap 600

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Cohen & Steers Inc. (NYSE:CNS) is set to replace Kaman Corp. (NYSE:KAMN) in the S&P SmallCap 600 index as Arcline Investment Management LP acquires Kaman. The change will be effective on April 23, 2024.
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Kaman Reports Fourth Quarter and Full Year 2023 Results

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Kaman Corp. (NYSE:KAMN) reported strong financial results for Q4 2023 and FY 2023, with net sales of $203.1 million and $775.9 million, operating income of $12.0 million and $49.1 million, net earnings of $2.0 million and $7.9 million, and adjusted EBITDA of $25.6 million and $106.7 million, respectively. The company's diluted earnings per share were $0.07 and $0.28 per share, adjusted to $0.12 and $0.49 per share. Kaman announced a merger agreement with Arcline Investment Management, L.P. for an all-cash transaction of $46.00 per share, totaling $1.8 billion. The transaction is expected to close in the first half of 2024.
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Kaman Board of Directors Declares Dividend

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Kaman Corporation (KAMN) declares a regular quarterly dividend of 20 cents per common share, payable on April 11, 2024, to shareholders of record on March 19, 2024.
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Kaman to be Acquired by Arcline for $1.8 Billion

Rhea-AI Summary
Kaman Corp. has entered into an agreement to be acquired by Arcline Investment Management, L.P. for approximately $1.8 billion, with shareholders to receive $46.00 per share in cash, representing a premium of approximately 105% over the closing share price on January 18, 2024. The transaction is expected to close in the first half of 2024, subject to customary closing conditions and approvals.
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Kaman Board of Directors Declares Dividend

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Kaman Corporation (NYSE:KAMN) Declares Quarterly Dividend of 20 Cents per Share
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Kaman Reports Third Quarter 2023 Results

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Kaman Corp. (NYSE:KAMN) reported strong financial results for Q3 2023, with net sales of $183.0 million, operating income of $11.9 million, net earnings of $1.5 million, and adjusted EBITDA of $25.2 million. The Engineered Products segment showed sustained growth, leading to a revision of the full-year outlook for higher sales, operating income, and adjusted EBITDA. Diluted earnings per share were $0.05, or $0.10 per share adjusted.
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Kaman Corporation Announces Release Date for Third Quarter 2023 Earnings

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Kaman Corp. to report Q3 2023 results and host conference call
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U.S. Army Awards Near Earth Autonomy and Kaman Air Vehicles Contract to Demonstrate Heavy Lift VTOL Capability

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Near Earth Autonomy and Kaman Air Vehicles awarded U.S. Army contract for resupply uncrewed aerial system
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FAQ

What is the current stock price of Kaman (KAMN)?

The current stock price of Kaman (KAMN) is $45.99 as of April 18, 2024.

What is the market cap of Kaman (KAMN)?

The market cap of Kaman (KAMN) is approximately 1.3B.

What does Kaman Corp do?

Kaman Corp operates in the aerospace and distribution markets, producing aircraft bearings, components, and aerostructures.

Where is Kaman Corp headquartered?

Kaman Corp is headquartered in Bloomfield, Connecticut.

When was Kaman Corp founded?

Kaman Corp was founded in 1945 by Charles H. Kaman.

What recent corporate development has Kaman Corp announced?

Recently, Cohen & Steers Inc. will replace Kaman Corp in the S&P SmallCap 600 following Arcline Investment Management LP's acquisition of Kaman.

What types of products does Kaman Aerospace produce?

Kaman Aerospace produces aircraft bearings, miniature ball bearings, and complex aerostructures for various types of aircraft.

What are some key products of Kaman Corp?

Key products include the K-MAX helicopter and SH-2G Super Seasprite maritime aircraft.

What services does Kaman Aerospace provide?

Kaman Aerospace provides aerostructure engineering design analysis and FAA certification services.

Who are the primary clients for Kaman’s safe and arm solutions?

The primary clients are the U.S. and allied militaries.

How many locations does Kaman Corp operate worldwide?

Kaman Corp operates 17 locations worldwide.

Where can I find more information about Kaman Corp?

More information is available on their official website at www.kaman.com/aerospace.

Stock KAMN logo
Kaman Corp

NYSE:KAMN

KAMN Rankings

#2317 Ranked by Market Cap
#1504 Ranked by Dividends

KAMN Stock Data

1.30B
27.95M
1.26%
89.31%
1.78%
Aerospace & Defense
Guided Missiles & Space Vehicles & Parts
Link
United States of America
BLOOMFIELD