Kaman’s Restructuring Plan

September 18 2017

Kaman Corporation apprised of a restructuring plan resulting from its ongoing effort to improve capacity utilization and operating efficiency to better position the Company’s Aerosystems business for increased profitability and growth. The restructuring primarily affects the Aerospace segment’s Connecticut Composite Structures division in Bloomfield, Connecticut, and its fabricated products operations in Hyde, United Kingdom.

In the U.S., the Company expects to close its Connecticut Composite Structures division and transfer its programs to the Company’s composites facility in Wichita, Kansas and to its Air Vehicles and MRO division in Bloomfield, Connecticut. In the United Kingdom, the Company expects to transfer substantially all of its fabricated products production currently taking place at the Company’s Hyde facility to its Darwen facility.

For identifying growth opportunities in the Global Aerospace Accumulator Market, please visit http://www.lucintel.com/aerospace_accumulator_market_2017_2022.aspx

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