Latest In Kaman

Smidler takes the place of Jack Cahill, who just retired.

Bloomfield, CT-based Kaman Corp. reported sales for the second quarter were $293.2 million, down 7.3% from second quarter 2008. Profit increased 31.9% to $9.4 million. Sales for the first half of 2009 were $587.3 million, down 2.5% from the first half of last year. Profit decreased 1.3% to $14.8 million.

Industrial Distribution second quarter segment sales were $156.0, a decrease of 23.3% from the prior year. The segment’s sales reflect the continued difficult economic environment and resultant weak market conditions in addition to a very strong comparative period in 2008 which experienced a sales increase of 16.5%. For the six-month period, sales in the Industrial Distribution segment totaled $332.9 million, compared with $385.5 million in the year ago period. Organic growth …

Kaman Corp., Bloomfield, CT, announced its subsidiary, Kaman Aerospace Group, Inc. has acquired Brookhouse Holdings, Ltd., manufacturer of composite aerostructures, aerospace tooling, and repair and overhaul services based in Darwen, Lancashire, England. The purchase price was 43 million pounds sterling (US$85.1 million) in cash.
 
The acquisition accelerates Kaman Aerospace’s Aerostructures segment growth, as well as diversified its platform positions in military and commercial markets and in the higher-growth markets for composite structures.
 
Brookhouse had sales of $54.9 million for the fiscal year ended Sept. 30, 2007, has 450 employees at two sites and operates in three businesses units: Composites, Tooling and Aftermarket Services.
 
Sales to …

Kaman Corp., Bloomfield, CT, today announced that its subsidiary, Kaman Industrial Technologies Corp., has agreed to acquire Industrial Supply Corp., Richmond, VA. ISC will become part of Kaman’s industrial distribution segment. ISC has annual sales of about $55 million.

Kaman Industrial Technologies had $700 million in sales in 2007.
 
Kaman is a distributor of power transmission and motion control products in North America. The company operates nearly 200 branches, distribution centers and customer service centers across the U. S., Canada and Mexico.
 
ISC, founded in 1933, is a distributor of power transmission, fluid power, material handling and industrial MRO supply products to such diverse markets as ship building, printing, machinery, …

Kaman Corp., Bloomfield, CT, is sharpening its focus on the aerospace and industrial distribution segments by selling its wholly owned subsidiary Kaman Music Corp. to Fender Musical Instruments Corp., Scottsdale, AZ, for $117 million in cash.
&nbsp ;
KMC, which comprises the company’s entire Music segment, owns Ovation Guitars, LP and Toca hand percussion products, Gibraltar Hardware, Genz Benz Amplification, Hamer Guitars, and is the U.S. sales representative for Sabian Cymbals, and worldwide distributor of Takamine Guitars and Gretsch Drums. &nbsp ;
&nbsp ;
Privately held Fender is an electric guitar manufacturer. In addition to owning the world-renowned Fender brand name, FMIC also owns Guild guitars, Charvel Guitars, Jackson Guitars, SWR Bass Amplification, Tacoma …

Kaman Corp., Bloomfield, CT, has tapped Neal J. Keating as the next president and chief operating officer of the company, effective Sept. 17, 2007. Keating will assume the additional role of CEO on or before Jan. 1, 2008.
&nbsp ;
Keating, 51, will succeed Paul R. Kuhn, currently chairman, president and CEO. He is scheduled to retire on Feb. 21, 2008. Kuhn will retain the title of chairman until the date of his retirement.
&nbsp ;
Keating was recently COO of Hughes Supply, a $5.4 billion industrial distributor that was sold to HD Supply in January 2006. He started his career with Rockwell Automation, rising over a 24-year period to executive vice president and COO of Rockwell Collins Commercial …

Kaman Corp. reported sales for the second quarter 2007 were $320 million, an increase of 9.2% from the second quarter 2006. Profit was $10.1 million, an increase of 34.4%.
&nbsp ;
In the first half of 2007, the company reported sales of $637.7 million, an increase of 8.1% over the same period last year. Profit was $20.1 million, up 50.2%.
&nbsp ;
Aerostructures sales for the second quarter were $23.3 million, compared to $17.1 million for the second quarter of 2006. Segment net sales for the first half of 2007 were $48.5 million, compared to $34 million for the first half 2006.
&nbsp ;
Fuzing sales for the second quarter were $24 million, compared to $14.6 million in the same period a year ago. The increase was due primarily to a significant increase in shipments of …