Kaman announces $5.4M Joint Programmable Fuze order Kaman Corporation announced that its Aerospace segment has been awarded a contract modification in the amount of $5.4M for the procurement of Joint Programmable Fuzes, or JPF. The award is a follow-on order raising the cumulative quantity under Option 11 of Kamanís JPF contract with the U.S. Air Force to more than 15,000 fuzes. Delivery of fuzes under Option 11 is anticipated to occur in 2015 and 2016.
Kaman raises quarterly dividend by 12.5% to 18c per share Kaman announced that its board voted to increase the quarterly dividend on the companyís common shares 12.5% to 18c per share. The increased dividend will be paid on April 7, to shareholders of record on March 17.