Exhibit 99.1

INVESTOR PRESENTATION

January

Kaman Corporation

(NASDAQ: KAMN)

2006

CJS Securities

Winter Conference

New York City

January 12, 2006

Slide 1

FORWARD-LOOKING STATEMENTS

This presentation may contain forward-looking information relating to the corporation's business and prospects, including the aerospace, industrial distribution and music businesses, operating cash flow, and other matters that involve a number of uncertainties that may cause actual results to differ materially from expectations. Those uncertainties include, but are not limited to: 1) the successful conclusion of competitions for government programs and thereafter contract negotiations with government authorities, both foreign and domestic; 2) political conditions in countries where the corporation does or intends to do business; 3) standard government contract provisions permitting renegotiation of terms and termination for the convenience of the government; 4) economic and competitive conditions in markets served by the corporation, particularly defense, commercial aviation, industrial production and consumer market for music products, as well as global economic conditions; 5) satisfactory completion of the Australian SH-2G(A)program, including successful completion and integration of the full ITAS software; 6) receipt and successful execution of production orders for the JPF U.S. government contract including the exercise of all contract options and receipt of orders from allied militaries, as both have been assumed in connection with goodwill impairment evaluations; 7) satisfactory resolution of the EODC/University of Arizona litigation; 8) achievement of enhanced business base in the Aerospace segment in order to better absorb overhead and general and administrative expenses, including successful execution of the contract with Sikorsky for the BLACK HAWK Helicopter program; 9) satisfactory results of negotiations with NAVAIR concerning the corporation's leased facility in Bloomfield, Conn.; 10) profitable integration of acquired businesses into the corporation's operations; 11) changes in supplier sales or vendor incentive policies; 12) the effect of price increases or decreases; 13) pension plan assumptions and future contributions; 14) continued availability of raw materials in adequate supplies; 15) satisfactory resolution of the supplier switch and incorrect part issues at Dayron and the DCIS investigation; 16) cost growth in connection with potential environmental remediation activities related to the Bloomfield and Moosup facilities; 17) changes in laws and regulations, taxes, interest rates, inflation rates, general business conditions and other factors; 18) the effects of currency exchange rates and foreign competition on future operations; and 19) other risks and uncertainties set forth in Kaman's annual, quarterly and current reports, and proxy statements. Any forward-looking information provided in this presentation should be considered with these factors in mind. The corporation assumes no obligation to update any forward-looking statements contained in this presentation.

Contact:
Russell H. Jones
SVP, Chief Investment Officer & Treasurer
(860) 243-6307
rhj-corp@kaman.com

Corporate Profile

For the 9 months For the 12 months
SALES Ended 9/30/05 Ended 12/31/04

Percent Millions $ Percent Millions $

Aerospace 26% $212.4 25% $252.4

Industrial Distribution 58% 469.9 59% 581.8

Music 16% 130.4 16% 161.0

100% $812.7 100% $995.2

Slide 2

Aerospace

SEGMENT OVERVIEW

Slide 3

$212.4 million: 2005 segment sales thru 9/30/05

26%

Aerostructures 5.0% $41.0 4.6% $45.4

Fuzing 5.3% 43.3 5.7% 56.8

Helicopters* 7.3% 59.5 7.0% 73.1

Kamatics 8.4% 68.6 7.7% 77.1

26.0% $212.4 25.0% $252.4

Aerospace

Slide 4

Percent Millions $ Percent Millions $

For the 9 Months For the 12 Months
Ended 9/30/05 Ended 12/31/04

*Helicopters includes EODC

AEROSPACE OPERATING UNITS
Sales (With Percent to Total Kaman Sales)

Aerospace

Slide 5

Sikorsky BLACKHAWK cockpit under
construction at Kaman’s Jacksonville
facility

Aerostructures Division: Facilities in Jacksonville, FL and Wichita, KS

Produces parts and subassemblies for
various customers, including:

•

Military programs such as the Boeing C-17
military transport (approx. $1.1 million
per shipset) and Sikorsky BLACKHAWK
helicopter cockpits (approximately $300
thousand per ship set)

•

Commercial programs such as the Boeing 737
(approximately $1.5 million annually, and 777 (approx.
$190 thousand/ship set)

Strategy: Take advantage of substantial opportunities
arising from the Tier 1 producers’ (Boeing, Sikorsky, Bell,
Airbus, etc.) intention to offload manufacturing work in
order to focus on final assembly

Now bidding new programs for both plants

Aerospace

Slide 6

Top: Hawk Missile
Bottom: JPF fuzes at Orlando facility

Fuzing Division: Facilities in Middletown, CT and Orlando, FL

Manufactures safe, arm and fuzing devices for a number of
major missile and bomb programs

Missile programs: AMRAAM, ATACMS, Brimstone, M-100 Hawk,
Harpoon, JASSM, Maverick, SLAM-ER, Standard and Tactical
Tomahawk

Bomb programs: Joint Programmable Fuze,
FMU143, FMU139, 40mm

Strategy: Become the leading producer of
fuzing systems for the U.S. and Allied
militaries - $500 million market

Principal customers: U.S. militaries, Boeing,
General Dynamics, Lockheed and Raytheon

Ramping up capabilities for production of the
152 A/B Joint Programmable Fuze: The
expected fuze of choice

Aerospace

Slide 7

Top: Kaman SH-2G Super Seasprites
Bottom: Kaman K-MAX helicopter

Helicopters Division: Facilities in Bloomfield, CT

Markets and supports Kaman-made SH-2G Super
Seasprite maritime helicopter and K-MAX
“Aerial Truck” helicopter –
and performs subcontract helicopter programs

Strategy: Exploit opportunities to increase status
as a major subcontractor: Major producers
are moving away from manufacturing to final assembly
and systems integration: New parts contract with Sikorsky

Principal customers include the governments of
Australia, Egypt, New Zealand and Poland;
the U.S. Department of State and others

Helicopters are expected to return at approximate 10-year service
intervals for standard depot level maintenance. The first two of ten
aircraft delivered to Egypt in the late 1990s are now in process
(approximately $1.3 million/aircraft). Remainder expected over the
next three years. Possibility of an upgrade program

Program for Australia, in loss position, is moving toward completion

Aerospace

Slide 8

Kamatics highly-engineered bearings

Kamatics & RWG: Facilities in Bloomfield, Ct and Dachsbach, Germany

Designs and makes proprietary self-lubricating
bearings for OEM and MRO use in nearly
all military and commercial aircraft
produced in North and South America
and Europe

Strategy: Remain the leader in product
performance and applications engineering
support while staying ahead of the curve in
product technology enhancement: Target the most demanding applications early in the aircraft design process as part of each prime-contractor’s problem-solving team.

Market size: Approximately $1 billion

Key customers include: U.S. and allied militaries (32% of 2004 sales),
and commercial accounts with Boeing, Airbus, Embraer, Bombardier
and others (68% of sales). Largest customer represents 18% of 2004
sales, down from 43% in 1998

SEGMENT OVERVIEW

Slide 9

$469.9 million: 2005 segment sales thru 9/30/05

58%

Industrial Distribution

Slide 10

Kaman Industrial Technologies

Third largest player in $12 billion market. Provides more than
one million products to more than 50,000 MRO and OEM
customers

Strategy: Expand the geographic footprint in major industrial
markets to enhance competition for regional and national
accounts. Broaden the product line, and further enhance operating
and asset utilization efficiencies throughout the enterprise

Serves a broad cross section of North American industry in 70
of the top 100 U.S. Industrial markets. Growing national account
base

Now nearly 200 locations in the U.S., Canada and Mexico

The business tends to closely track the U.S. Industrial
production and capacity utilization indices

Industrial Distribution

Source: Federal Reserve Board

Slide 11

FRB Indices Of Industrial Production
And Capacity Utilization:
Predictability: Segment closely tracks national indices

Industrial Distribution

Slide 12

Portfolio Of Recognized Brands:
More than 1 million products
Sold to more than 50,000 MRO and OEM customers

Industrial Distribution

Slide 13

Geographical Coverage:
Nearly 200 locations in U.S. Canada and Mexico

Music

SEGMENT OVERVIEW

Slide 14

$130.4 million: 2005 Segment sales thru 9/30/05

16%

Music

Slide 15

Kaman Music

Top: Ovation Guitar
Bottom: Gretsch Drum Set

Largest independent distributor of musical
instruments and accessories in the $7.0 billion
U.S. musical instrument market: More than
20,000 products

Strategy: Build on Kaman’s strong brand identity while adding new
market-leading names to the company’s offering of proprietary
products

Purchased its next larger competitor in 2005: Full
impact on operations in 2006

Leads the market in use of technology, providing
systems to service customers at all levels

U.S. and Asian manufacturing supports Kaman’s
proprietary and licensed brands of premium products

Market is driven by consumer sentiment with the
“Back-to-School” and “Holiday” seasons being
important market indicators

ESTIMATED SALES OF TOP INDEPENDENT DISTRIBUTORS
Kaman includes August 2005 acquisition of Musicorp
(AMOUNTS IN MILLIONS)

Slide 16

Source: Music Trades
Magazine

Music

Slide 17

Source: The Conference Board

Consumer Confidence Index:
Segment Responds to “Back-to-school” and “Holiday” Spending Patterns

Music

Slide 18

Portfolio Of Premier Branded Products:
Largest Independent Distributor…over 20,000 Products

MUSIC BUSINESS MIX:
DIVERSIFICATION BY MAJOR PRODUCT TYPE

Music

Accessories 40%

Percussion 31%

Fretted 29%

Slide 19

Financial Review

Slide 20

Financial Overview

NET SALES ($ in Millions)

Aerospace
   Aerostructures
   Fuzing
   Helicopters (incl. EODC)
   Kamatics/RWG

Industrial Distribution

Music

Total

2005

$41.0
43.3
59.5
68.6

$212.4

469.9

130.4

$812.7

2004

$32.1
36.1
54.6
58.1

$180.9

440.2

117.9

$739.0

2004

$45.4
56.7
73.2
77.1

$252.4

581.8

161.0

$995.2

2003

$43.2
45.1
97.0
65.9

$251.2

497.9

145.4

$894.5

First Nine Months Year Ended

Slide 21

Kaman Corporation and Subsidiaries

Financial Overview

EBIT ($ in Millions)

Aerospace

Industrial Distribution

Music

Total Segment Operating Profit

Net Gain on Sale of Product Lines
and Other Assets

Corporate and Other Expenses

Total Operating Profit/(Loss) - EBIT

EBITDA

2005

$ 16.8

22.1

7.8

46.7

(35.5)

$ 11.2

$ 18.1

2004

$(15.4)

16.3

6.8

7.7

0.2

(20.0)

(12.1)

(5.3)

2004

$(14.3)

19.3

11.1

16.1

0.2

(29.9)

(13.6)

(4.6)

2003

$14.8

12.7

9.5

37.0

18.2

(20.4)

34.8

44.9

Slide 22

First Nine Months Year Ended

Kaman Corporation and Subsidiaries

Financial Overview

Slide 23

2005 thru 9/30/05 2004

*MHDI recovery includes $5.0 million in the 4^th Quarter of 2005, as previously disclosed.

2004/2005 Aerospace/Corporate: Various Earnings Impacts

$14.1 million 5.5 million Accrued costs on Australia SH-2G (A) program

(7.6) million * 20.1 million MD Helicopters program (recovery)/write-down

8.4 million Stock Appreciation Rights (Primarily non-deductible)

2.1 million Recapitalization Expense (Non-deductible)

7.1 million Adjustment to Boeing Harbour Pointe contract

3.5 million Product warranty issues at Dayron

3.4 million Adjustment to EODC contract

2.0 million Severance: realignment of Aerospace management

$17.0 million $41.6 million

Financial Overview

Slide 24

Kaman Corporation and Subsidiaries

	As of 9/30/2005	As of 12/31/2004
Current assets	$476,003	$450,335
Current liabilities	217,892	226,105
Working capital	$258,111	$224,230
Bank Debt, Notes Payable, Debentures	$88,566	$43,405
Shareholders’ equity	$281,835	$284,170
Debt as % of capital Capital Expenditures Dividends	24% $6,339 $7,865	13% $7,539 $9,979

Slide 25

Significant Considerations

–

Major recapitalization completed in 2005 – New symbol: KAMN

–

Eliminated a 50-year dual class structure in which 2.9% of shares
controlled 100% of the voting power

–

1 share-1 vote structure achieved with < 4% dilution

–

Dividend increased 13.6%

–

Seasoned management team aligned with shareholders through
performance-based compensation

–

Strategies for growth are in place for each segment

•

Business climate favorable for top and bottom line growth

–

New contracts, internal factors, and market conditions contributing

•

Acquisition program augments organic growth

–

Nine acquisitions in past four years: Three for each segment

–

Most recent: Musicorp (MBT) was the largest independent musical
instrument distributor after Kaman. Full effect on operations in 2006

–

Diversified revenue stream and financial flexibility to pursue
strategic objectives

–

$150 million revolving credit refinanced: expires 2010

–

Investment grade: S&P rating of BBB- with stable outlook

KAMN

KAMAN CORPORATION

CJS Securities

Winter Conference

New York City

January 12, 2006