8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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): June 23, 2008 (June 23, 2008)

Kaman Corporation

(Exact Name of Registrant as Specified in Its Charter)

Connecticut

(State or Other Jurisdiction of Incorporation)

0-1093	06-0613548
(Commission File Number)	(IRS Employer Identification No.)
1332 Blue Hills Avenue, Bloomfield, Connecticut	06002
(Address of Principal Executive Offices)	(Zip Code)

(860) 243-7100

(Registrant's Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

1

Item 8.01                      Other Events.

From time to time, members of Kaman’s senior management present information about Kaman to investors. The materials set forth in Exhibit 99.1 are incorporated by reference herein and such material may be presented to investors in the future.

Item 9.01  Financial Statements and Exhibits.

(c)   Exhibits.

 Exhibit 99.1 Material used by Kaman’s management for presentation to investors.  

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 hereunto duly authorized.

KAMAN CORPORATION
By:	/s/ Robert M. Garneau
	Robert M. Garneau
	Executive Vice President and
	Chief Financial Officer

Date: June 23, 2008

3

KAMAN CORPORATION AND SUBSIDIARIES

Index to Exhibits

Exhibit 99.1 Material used by Kaman’s management for presentation to investors.

4

EX-99.1

Kaman Corporation (NASDAQ-GS: KAMN)

Kaman Corporation (NASDAQ-GS: KAMN)

INVESTOR PRESENTATION

Q1 2008 and Full Year 2007

Slide 1

Forward-Looking Statements

This presentation may contain forward-looking information relating to the company's business and prospects,
including the Aerospace and Industrial Distribution 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 company does or intends to do business; 3) standard government contract provisions permitting renegotiation of
terms and termination for the convenience of the government; 4) domestic and foreign economic and competitive
conditions in markets served by the company, particularly the defense, commercial aviation and industrial production
markets; 5) risks associated with successful implementation and ramp up of significant new programs; 6) successful
implementation of the Deed of Settlement agreed upon with the Commonwealth of Australia, which would conclude the
Australia SH-2G (A) program with a mutual release of claims; 7) 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; 8) satisfactory resolution of
the company’s contract dispute with the U.S. Army procurement agency relating to the FMU-143 program; 9) continued
support of the existing K-MAX helicopter fleet, including sale of existing K-MAX spare parts inventory; 10) cost growth
in connection with environmental remediation activities at the Moosup and New Hartford, CT facilities and such
potential activities at the Bloomfield, CT facility; 11) profitable integration of acquired businesses into the company's
operations; 12) changes in supplier sales or vendor incentive policies; 13) the effect of price increases or decreases;
14) pension plan assumptions and future contributions; 15) future levels of indebtedness and capital expenditures; 16)
continued availability of raw materials in adequate supplies; 17) the effects of currency exchange rates and foreign
competition on future operations; 18) changes in laws and regulations, taxes, interest rates, inflation rates, general
business conditions and other factors; and 19) other risks and uncertainties set forth in the company's annual,
quarterly and current reports, and proxy statements. Any forward-looking information provided in this report should be
considered with these factors in mind. The company assumes no obligation to update any forward-looking statements
contained in this presentation.

Contact:
Eric B. Remington, Vice President
(860) 243-6334
Eric.Remington@kaman.com

PERCENT DISTRIBUTION

OF SEGMENT SALES:

FULL YEAR 2007

Slide 2

KAMAN CORPORATION
SEGMENT REPORTING STRUCTURE

Highlights:Quarter Ended March 28, 2008

Slide 3

Four Aerospace industry segments:

Aerostructures segment:Q1 sales: $28.8 million (+14.4%)/Q1 operating loss: $1.0 million (vs. OI of $4.6 in Q1 07)

Sales increase driven by BLACK HAWK.
Operating loss was a result of charges related to the concurrent ramp-up of three significant programs at Wichita.

Fuzing segment:Q1 sales: $24.1 million (+30.4%)/Q1 operating income: $1.8 million (-28.7%)

Sales increase driven by JPF.
Segment remains subject to quarter-by-quarter fluctuation.

Helicopters segment:Q1 sales: $14.6 million (-16.3%)/Q1 operating income: $.9 million (up marginally from Q1 07)

No Australia program charge in Q1 2008.

Specialty Bearings segment:Q1 sales: $36.1 million (+12.8%)/Q1 operating income: $13.0 million (+22.8% vs. Q1 07)

Record results driven by strong demand and competitive advantages in a robust market environment.

Industrial Distribution segment:Q1 sales: $182.2 million (+5.0%)/Q1 operating income: $9.1 million (+4.4%)

Results driven by national account awards, including the effect of cost to ramp up large new accounts.
Economic conditions mixed with weak sectors such as housing offset by strong sectors such as mining.

Emphasis on less cyclical industries has benefited the segment.

2008 SIGNIFICANT EVENTS

Slide 4

Aerospace:

üAppointed Greg Steiner, President Kaman Aerospace Group

üHelicopters - - Settlement negotiated with Commonwealth of Australia related to
legacy prime helicopter program

üAerostructures - - Acquired Brookhouse Holdings, Limited

Industrial Distribution:

üAcquired Industrial Supply Corporation of Richmond, VA on 3/31/08

üSavannah Distribution Center opened

FOUR AEROSPACE INDUSTRY SEGMENTS

2007 Sales: $386 million

Slide 6

AEROSTRUCTURES SEGMENT: Jacksonville, FL and Wichita, KS

Produces parts and subassemblies for
Tier 1 and Prime Manufacturers:

4 Military: Boeing C-17 internal wing structures
Sikorsky BLACK HAWK helicopter cockpits
Sikorsky MH-92 helicopter composite tail rotor pylons

4 Commercial: Boeing 777 and 767 wing trailing edges
787 composite structures

Strategy:Take advantage of subcontracting opportunities
as the Tier 1 and Prime producers focus onfinal assembly
and systems integration.

Slide 7

AEROSTRUCTURES SEGMENT: Brookhouse Holdings, Ltd.

Acquired June 12, 2008

Produces parts and subassemblies for
Tier 1 and Prime Manufacturers:

4Military: F-35(JSF), A400M

4Commercial: significant new Boeing program; Airbus
A330/340, A320

Global leader in composite molding and aerostructure
assembly tooling

Full after-market service supplier

§India Mill (Head Office)
145,000 ft²

§Holme Mill 45,000 ft²

§Home to Composites and
Tooling operations

§355 employees are based
at Darwen

Tameside Site, Manchester

Darwen Site, Lancashire

Slide 8

BROOKHOUSE HOLDINGS, LTD.:Facilities

§Frederick House 63,000 ft²

§The Tameside site houses the
Aerospace manufacturing facility

§110 employees are based at
Tameside

Slide 9

BROOKHOUSE HOLDINGS, LTD.:Strategic Fit

§Accelerates growth and increases scale in Aerostructures market

§Significantly enhances our composite capabilities - critical to future

§“Out of Autoclave” RFI technology provides differentiator

§Balanced portfolio of platforms and mix of business including Airbus
platforms and new Boeing program

•47% Commercial, 53% Military

•66% OEM, 34% Repair and Overhaul

§Adds a world class tooling capability to Kaman’s portfolio

§Provides entry into higher margin aftermarket services business

§Revenue synergies through enhanced capabilities to an expanded customer
base

§Talented, committed employees

§Proven management team

Slide 10

FUZING SEGMENT: Middletown, CT and Orlando, FL

Manufactures safe, arm and fuzing devices
for major missile and bomb programs.

4Principal Missile programs: AMRAAM, ATACMS,
Harpoon, Maverick, Standard and Tactical Tomahawk

4Principal Bomb program: Joint Programmable Fuze

4Segment includes Measuring & Memory
Systems products.

Strategy:Become a leading producer offuzing systems
for the U.S. and allied militaries.

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

Slide 11

HELICOPTERS SEGMENT: Bloomfield, CT

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

Principal programs:
Major maintenance and upgrades to Egyptian SH-2G(E) helicopters
BLACK HAWK subcontract work for Sikorsky
Executing Settlement Agreement for legacy Australia program

Strategy:Take advantage of subcontracting opportunities
as the tier 1 and prime producers focus on final assembly
and systems integration.

Principal customers: The governments of Egypt, New Zealand
and Poland; and Sikorsky.

Slide 12

SPECIALTY BEARINGS SEGMENT: Bloomfield, CT and Dachsbach, Germany

Designs and manufactures proprietary self-
lubricating airframe bearings

Programs: Kaman products are used in nearly all
military and commercial aircraft produced in North
and South America and Europe.

Strategy: Maintain leadership in product technical
performance and application engineering support
while staying ahead of the curve in product
technology enhancement

2007 Sales $700 million

INDUSTRIAL DISTRIBUTION SEGMENT

Slide 14

INDUSTRIAL DISTRIBUTION SEGMENT

Third largest industrial distribution firm in $12 billion
power transmission market.

Strategy:

4Expand the geographic footprint to enhance competition
for national and regional accounts.

4Broaden the product line

4Improve operating and asset utilization efficiencies

Customers:Broad cross section of industry with more than 50,000
customers served from local branches in 72 of the top 100 U.S.
Industrial markets.Growing national account base.

Slide 15

INDUSTRIAL SUPPLY CORPORATION:Strategic Fit

§Supports corporate strategy of accelerating growth of KIT

§Adds $55 million in annual sales

§Increases Kaman’s presence in important Virginia and North Carolina
markets

§Expands product offerings

§Increases our capability to service national and regional customers

§Adds a proven management team and dedicated employees

KIT Branch Location

Distribution Center

ISC Branch Location

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

Slide 16

INDUSTRIAL DISTRIBUTION SEGMENT

Slide 17

INDUSTRIAL DISTRIBUTION SEGMENT

STRATEGIES

FINANCIAL REVIEW

36%

2007 Sales from Continuing Operations: $1,086 million

1 Corporate expense percentage is to Total Sales

(In thousands) SEGMENTS	Net Sales		Operating Income/(Loss)		Operating Margin
	Q1 2008	Q1 2007	Q1 2008	Q1 2007	Q1 2008	Q1 2007
1.Aerostructures	$28,793	$25,179	($1,015)	$4,551	(3.5%)	18.1%
2.Fuzing	24,130	18,500	1,805	2,530	7.5%	13.7%
3.Helicopters	14,614	17,458	858	(1,025)	5.9%	(5.9%)
4.Specialty Bearings	36,079	31,979	12,968	10,559	35.9%	33.0%
5.     Subtotal Aerospace	103,616	93,116	14,616	16,615	14.1%	17.8%
6.Industrial Distribution	182,165	173,414	9,073	8,694	5.0%	5.0%
7.Net gain/(loss) on sale of assets			(110)	(42)
8.Corporate expense/other			(9,796)	(9,343)	¹ (3.4%)	¹ (3.5%)
9.Sales/Op. inc. from continuing ops	$285,781	$266,530	$13,783	$15,924	4.8%	6.0%

Slide 19

INCOME STATEMENT HIGHLIGHTS
For quarters ended March 28, 2008 and March 30, 2007

1 Corporate expense percentage is to Total Sales

(In thousands) SEGMENTS	Net Sales		Operating Income/(Loss)		Operating Margin
	2007	2006	2007	2006	2007	2006
1.Aerostructures	$102,362	$78,742	$13,219	$11,538	12.9%	14.7%
2.Fuzing	87,455	71,068	10,546	7,750	12.1%	10.9%
3.Helicopters	72,031	69,914	2,631	222	3.7%	0.3%
4.Specialty Bearings	124,009	106,278	41,387	28,630	33.4%	26.9%
5.Subtotal Aerospace	385,857	326,002	67,783	48,140	17.6%	14.8%
6.Industrial Distribution	700,174	665,420	33,038	35,160	4.7%	5.3%
7.Net gain/(loss) on sale of assets			2,579	(52)
8.Corporate expense/other			(38,672)	(35,426)	¹ (3.6%)	¹ (3.6%)
9.Sales/Op. inc. from continuing ops	$1,086,031	$991,422	$64,728	$47,822	6.0%	4.8%

Slide 20

INCOME STATEMENT HIGHLIGHTS
For full years ended December 31, 2007 and 2006

	Three Months ended		Twelve Months ended December 31,
	Mar. 28, 2008	Mar. 30, 2007	2007	2006
1.Net earnings from continuing operations	$8,868	$9,073	$36,491	$24,643
2.Earnings from discontinued operations, net of taxes	--	1,002	7,890	7,143
3.Gain on disposal of discontinued oper, net of taxes	--	--	11,538	--
4.Net earnings	$8,868	$10,075	$55,919	$31,786
5.Diluted net E.P.S. from continuing operations	$0.35	$0.37	$1.46	$1.01
6.Diluted net E.P.S. from discontinued operations	--	0.04	0.31	0.29
7.Diluted net E.P.S. from disposal of discontinued operations	--	--	0.46	--
8.Diluted net earnings per share	$0.35	$0.41	$2.23	$1.30

On December 31, 2007, Kaman completed the sale of its Music segment to Fender Musical Instruments Corp.
for a cash payment of $117 million.The discontinued segment contributed $0.31 per share, diluted, for the full year 2007.
The sale of the segment resulted in an after tax gain of $0.46 per share, diluted.Net cash received after taxes and fees
was approximately $100 million.

Slide 21

EARNINGS FROM CONTINUING AND DISCONTINUED OPERATIONS
First Quarters 2008 and 2007; and Full Years ended December 31 2007
and 2006

(In Thousands)	As of 3/28/08	As of 12/31/07	As of 3/30/07
1.Cash and Cash Equivalents	$28,349	$73,898	$9,930
2.Notes Payable and Long-term Debt	$14,388	$12,874	$90,892
3.Shareholders’ Equity	$403,866	$394,526	$306,849
4.Debt as % of Total Capitalization	3.4%	3.2%	22.9%
5.Capital Expenditures (Continuing Operations)	$2,334	$14,226	$2,796
6.Depreciation & Amortization (Continuing Operations)	$2,585	$9,893	$2,460

BALANCE SHEET AND CAPITAL FACTORS

Slide 22