Kaman sees FY13 Aerospace segment sales of $620M-$635M, up 6.7% to 9.3% Sees FY13 Aerospace segment operating margins of 16%-16.5%. Sees distribution segment sales of $1.08B-$1.12B, up 6.7% to 10.2% over 2012. Sees distribution segment operating margins of 5.2%-5.6%. Sees interest expense of approximately $13M. Sees corporate expenses of approximately $50M. Sees tax rate of approximately 35%.Sees CapEx of $40M-$45M. Sees free cash flow of $35M-$40M.
Kaman announces $28.9M joint programmable fuze order Kaman Corporation announced that its Aerospace segment has been awarded a contract modification in the amount of $28.9M for the procurement of Joint Programmable Fuzes. The award is a follow-on order raising the total under Option 11 of Kamanís JPF contract with the U.S. Air Force to approximately $90M. Delivery of fuzes under Option 11 is anticipated to occur in 2015 and 2016.