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Stock Market & Financial Investment News

News Breaks
February 25, 2013
16:57 EDTKAMNKaman 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.
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May 8, 2013
08:56 EDTKAMNKaman 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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