Kaman Announces $17 M Joint Programmable Fuze Order

January 16, 2018

Kaman Corp. (NYSE:KAMN) announced today that its Aerospace segment received a contract modification in excess of $17 million for the procurement of Joint Programmable Fuzes (JPF). The award is an additional order under Option 13 of Kaman’s JPF contract with the U.S. Air Force (USAF). The modification increases the total value of Option 13 to more than $102 million, all of which was in backlog at December 31, 2017.

"This additional order under Option 13 and the anticipated release of Option 14 provide multi-year visibility for the JPF program. In addition, we envision USAF demand beyond these options and significant foreign opportunities that will ensure the JPF remains a strong contributor for many years to come," stated Richard Barnhart, President, Kaman Aerospace Group.

Kaman has been the sole provider of the JPF to the USAF since 2002. In addition to the USAF, Kaman provides the JPF to twenty-six other nations. The JPF allows the settings of a weapon to be programmed on wing in flight and is the current bomb fuze of choice of the USAF. The JPF is used with a number of weapons including general purpose bombs, and guided bombs that use JDAM or Paveway kits, on U.S. aircraft such as F-15, F-16, F-22, F-35, A-10, B-1, B-2, B-52 and the MQ-9 UAV as well as on international aircraft such as Mirage 3 and Gripen. Kaman produces the JPF at facilities in Orlando, Florida and Middletown, Connecticut.

Source : Kaman Corp.