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Kaman Air Vehicles, a division of Kaman Corporation (NYSE:KAMN), has secured purchase agreements for two K-MAX® helicopters, with deliveries set for Q4 2021. The helicopters will serve operators in the U.S. and Canada. The K-MAX® is recognized for its effectiveness in external lift operations, particularly in firefighting, with the U.S. Forest Service praising its accurate water placement. Kaman is also advancing its TITAN UAV aerial system, which performed successfully in recent flight tests.
Positive
Receipt of signed purchase agreements for two K-MAX® helicopters, enhancing revenue prospects.
K-MAX® helicopters recognized for excellence in firefighting, boosting the product's market reputation.
Advancements in the unmanned TITAN UAV aerial system, indicating ongoing innovation and potential market expansion.
Negative
None.
BLOOMFIELD, Conn.--(BUSINESS WIRE)--
Kaman Air Vehicles, a division of Kaman Corporation (NYSE:KAMN), announced the receipt of signed purchase agreements for two K-MAX® medium-to-heavy lift helicopters with deliveries expected in the fourth quarter of 2021. The operators are located in the U.S. and Canada.
“We are thrilled that the K-MAX® continues to be the helicopter of choice for external lift applications that require the need for precise, efficient and cost-effective operations,” said Roger Wassmuth, Senior Director of Business Development. “The proven firefighting capabilities of the K-MAX® and the tireless efforts of its operators throughout the 2021 fire season have garnered the K-MAX® with the reputation of being the most accurate water placement according to the United States Forest Service (USFS) hotshot ground crew survey.”
“Kaman is pleased to continue the delivery of K-MAX® helicopters to the external lift industry”, stated Darlene Smith, President, Kaman Air Vehicles Division. “K-MAX® is a clear choice for the repetitive lift market where there is an urgent need for a reliable aerial platform to perform critical missions such as firefighting and infrastructure building.”
Kaman continues the advancement of its unmanned TITAN UAV aerial system with ongoing flight-testing utilizing Kaman’s test aircraft and U.S. Marine Corps (USMC) K-MAX® aircraft. The vehicle with upgraded autonomous systems performed successfully at a recent technology demonstration. The TITAN UAV aerial system can also be installed in new and existing commercial K-MAX® aircraft after FAA certification is completed.
The K-MAX® is a rugged, low-maintenance aircraft that features a counter-rotating rotor system and is optimized for repetitive external load operations. The aircraft can lift up to 6,000 pounds (2,722 kg) with unmatched performance in hot and high conditions.
About Kaman Corporation
Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut, conducts business in the aerospace & defense, industrial and medical markets. Kaman produces and markets proprietary aircraft bearings and components; super precision, miniature ball bearings; proprietary spring energized seals, springs and contacts; 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. More information is available at www.kaman.com.
