-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HbTkMBjTdjioyhZLIyW2rOm0QvxLHFG9V98cRxDraK74Y+7mcrGZrVIji6xddRhh znK5d2sJUCY0ApGERYSBuw== 0000054381-03-000002.txt : 20030115 0000054381-03-000002.hdr.sgml : 20030115 20030115154104 ACCESSION NUMBER: 0000054381-03-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030115 ITEM INFORMATION: Acquisition or disposition of assets FILED AS OF DATE: 20030115 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KAMAN CORP CENTRAL INDEX KEY: 0000054381 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-MACHINERY, EQUIPMENT & SUPPLIES [5080] IRS NUMBER: 060613548 STATE OF INCORPORATION: CT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-66179 FILM NUMBER: 03515000 BUSINESS ADDRESS: STREET 1: 1332 BLUE HILLS AVE CITY: BLOOMFIELD STATE: CT ZIP: 06002 BUSINESS PHONE: 8602437100 MAIL ADDRESS: STREET 1: 1332 BLUE HILLS AVE CITY: BLOOMFIELD STATE: CT ZIP: 06002 FORMER COMPANY: FORMER CONFORMED NAME: KAMAN AIRCRAFT CORP DATE OF NAME CHANGE: 19680403 8-K 1 form8k.txt FORM 8K FOR DRS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant to Section 13 or 15 (d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 15, 2003 KAMAN CORPORATION (Exact name of issuer as specified in its charter) Connecticut 0-1093 06-0613548 (State or other jurisdictions (Commission (I.R.S. of Incorporation) File Number) Employer Identification No.) 1332 Blue Hills Avenue Bloomfield, CT 06002 (Address of principal executive offices) Registrant's telephone number, including area code: (860)243-7100 Not Applicable (Former name or former address, if changed since last report) Item 5. Other Events The Company issued a press release dated January 15, 2003 announcing that it has sold its electric motor and drive business to DRS Technologies, Inc. Terms of the sale were not disclosed. A part of the Company since 1985 and now a component of the Kaman Aerospace subsidiary, the Hudson, MA business has operated as the Electromagnetics Development Center (EDC) since July 1999. The EDC develops and manufactures high performance electric motors, generators and drive electronics for industrial and defense applications. The business employs about 65 people and will continue to operate out of its Hudson facilities. DRS develops and manufactures a broad range of mission-critical systems and components in the areas of communications, combat systems, rugged computers, electro-optics, power conversion, data storage, digital imaging, flight safety and space. Item 7. Financial Statements and Exhibits (a) Financial Statements of Business Acquired. Not Applicable. (b) Pro Forma Financial Information. Not Applicable. (c) Exhibits. The following document is filed as an Exhibit to this Report: Exhibit 99 - Press Release of the Company, dated January 15, 2003. Page 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf, by the undersigned, thereunto duly authorized. KAMAN CORPORATION /s/Robert M. Garneau Executive Vice President and Chief Financial Officer Dated: January 15, 2003 Page 3 EXHIBIT INDEX Exhibit Description 99 Press Release of the Company, dated January 15, 2003 Page 4 EX-99 3 pr103.txt PRESS RELEASE FOR DRS KAMAN TO SELL ELECTRIC MOTOR BUSINESS TO DRS TECHNOLOGIES BLOOMFIELD, Connecticut (January 15, 2003) - Kaman Corp (NASDAQ:KAMNA) today announced it has sold its electric motor and drive business to DRS Technologies, Inc., Parsippany, N. J. Terms were not disclosed. A part of Kaman since 1985 and now a component of the Kaman Aerospace subsidiary, the Hudson, Mass. business has operated as the Electromagnetics Development Center (EDC) since July 1999. The EDC develops and manufactures high performance electric motors, generators and drive electronics for industrial and defense applications. The business employs about 65 people and will continue to operate out of its Hudson facilities. Paul R. Kuhn, chairman, president and chief executive officer of Kaman Corp. said, "We believe that the best value for all parties will be realized through this transaction. DRS is well positioned to integrate the EDC's development know-how with its existing production capabilities as it pursues follow-on production contracts for the U.S. Navy's recently competed DD(X) ship propulsion program as well as high-volume commercial motor production. Kaman will continue to focus on its growth strategy in Aerospace with new programs and acquisitions aligned with the company's core strengths." DRS is an established leader in naval power distribution and control systems and provides leading edge products and services to government and commercial customers worldwide. Focused on defense electronics, DRS develops and manufactures a broad range of mission-critical systems and components in the areas of communications, combat systems, rugged computers, electro-optics, power conversion, data storage, digital imaging, flight safety and space. Kaman Corp., headquartered in Bloomfield, Conn., conducts business in the aerospace, industrial distribution and music distribution markets. ### Contact: Russell H. Jones, Vice President and Treasurer (860) 243-6307 Email: rhj-corp@kaman.com -----END PRIVACY-ENHANCED MESSAGE-----