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News Breaks | | | | February 21, 2013 | | 17:03 EDT |  | KAMN | Kaman, Wajax Industrial Components form strategic alliance
Kaman Industrial Technologies and Wajax Industrial Components, or WIC, a division of Wajax Corporation, two of North America's leading industrial distributors announced today that they have formed a strategic alliance, strengthening the services offered to customers that have business assets in the U.S., Canada, Mexico and Puerto Rico. While Kaman and WIC will each remain as separate and independent entities, they will join forces to compete for business-to-business and supply agreements with customers in multiple jurisdictions, providing an alternative to country-based supply agreements. The alliance will operate under the name Sourcepoint Industrial. | |
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| May 8, 2013 | | 08:56 EDT | | KAMN | Kaman receives order for ten aircraft from New Zealand government
Kaman's subsidiary, Kaman Aerospace, has entered into a $120M contract with the New Zealand Ministry of Defence for the purchase of ten SH-2G(I) Super Seasprite aircraft, spare parts, a full mission flight simulator, and related logistics support. The contract calls for the aircraft to be delivered over an approximately three year period with revenue recognition beginning in 2013. | |
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