EX-99.1 2 ex99-1.htm KAMAN CORPORATION EXHIBIT 99.1 ex99-1.htm


Kaman Corporation
Bloomfield, CT 06002
(860) 243-7100
 
 NEWS
     
     



AUSTRALIA GOVERNMENT SEEKS DISCUSSION WITH KAMAN
TO CONCLUDE SH-2G(A) SUPER SEASPRITE HELICOPTER PROGRAM

BLOOMFIELD, Conn. (March 4, 2008) Kaman Corp. (NASDAQ-GS:KAMN) said that it has been notified by the recently elected government of the Commonwealth of Australia that it wishes to initiate a negotiation with Kaman to end the Super Seasprite program on mutually agreed terms.

Responding to this overture, Neal J. Keating, chairman, president and chief executive officer of Kaman Corp., said, “We have received a communication from the Commonwealth that we are reviewing at this time with the expectation that we will enter a constructive process with the Commonwealth in order to arrive at a mutually agreeable conclusion to the Seasprite program.  Although we have created a highly capable aircraft for the Royal Australian Navy and continue to fulfill our obligations to the Commonwealth under our contract, we appreciate the thoughtful approach and time invested by the current Government in addressing our program and we will work with them toward arriving at a satisfactory arrangement. ”

Kaman Corp. conducts business in the aerospace and industrial distribution markets.

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Company representatives in U.S.:
 
Russell H. Jones
SVP, Chief Investment Officer & Treasurer
(860) 243-6307
Russell.Jones@kaman.com
 
 
Sal Bordonaro
President, Kaman Helicopters Division
(860) 243-7005
Sal.Bordonaro@kaman.com
   
Company representatives in Sydney:
 
Steve Rutter
SH-2G(A) Program Manager
Mobile: (860) 573-6289
Steve.Rutter@kaman.com
 
 
Louise Allen
Senior Executive
Hill & Knowlton Australia
Telephone: 61 2 9286 1205
Mobile: 61 (0) 411 029 693
lallen@hillandknowlton.com.au
   
Jacquelynne Willcox
Director, Public Affairs
Hill & Knowlton Australia
Mobile: 61 (0) 419833649
jwillcox@hillandknowlton.com.au