April 24, 2019-
Kaman Corp. (NYSE:KAMN) announced today that its Aerospace segment has been awarded a direct commercial sale (“DCS”) order for the procurement of Joint Programmable Fuzes (“JPF”) with an expected total value of $48.6 million.
"Our allied foreign militaries continue to recognize the advanced capabilities, mission flexibility, and high reliability of the JPF. Our ability to increase our production capacity has allowed us to continue to meet the strong multi-year demand for the JPF from the U.S. Air Force (“USAF”) and foreign militaries, and we look forward to continuing to support the requirements of these customers into the future," 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 thirty-six other nations. Sales of the JPF can be direct to the USAF, Foreign Military Sales ("FMS") through the U.S. Government (“USG”) and DCS to foreign militaries that, although not funded by the USG, require regulatory approvals from the USG prior to delivery. 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 2000, Tornado, F/A-18, Mirage 3 and Gripen. Kaman produces the JPF at facilities in Orlando, Florida and Middletown, Connecticut.
Source : Kaman Corp.
Publish date: September 2018 - Pages: 222