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): December 4, 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))

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Item 7.01                      Regulation FD Disclosure.

From time to time, members of Kaman’s senior management present information about Kaman to investors.  A copy of the investor presentation dated December 4, 2008 is attached as Exhibit 99.1 and is incorporated by reference herein.  Such material may be presented to investors in the future.

The information in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section and shall not be deemed incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

Item 9.01  Financial Statements and Exhibits.

(c) Exhibits.

Exhibit 99.1 Investor Presentation dated December 4, 2008.  

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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/ Candace A. Clark
	Candace A. Clark
	Senior Vice President and
	Chief Legal Officer

Date: December 4, 2008

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KAMAN CORPORATION AND SUBSIDIARIES

Index to Exhibits

Exhibit 99.1 Investor Presentation dated December 4, 2008.

4

EX-99.1

Kaman Corporation (NASDAQ-GS: KAMN)

Kaman Corporation (NASDAQ-GS: KAMN)

Gabelli Best Ideas Conference

December 4, 2008

Slide 2

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) management's success in resolving operational issues at the Aerostructures
Wichita facility, including successful negotiation of the Sikorsky TRP program; 7) successful implementation of the Deed of Settlement agreed
upon with the Commonwealth of Australia, which terminates the Australia SH-2G (A) program with a mutual release of claims; 8) receipt and
successful execution of production orders for the JPF U.S. government contract, including the exercise of all contract options, successful
negotiation of price increases with the U.S. government, and receipt of orders from allied militaries, as all have been assumed in connection
with goodwill impairment evaluations; 9) satisfactory resolution of the company’s litigation with the U.S. Army procurement agency relating to
the FMU-143 program; 10) continued support of the existing K-MAX helicopter fleet, including sale of existing K-MAX spare parts inventory; 11)
cost growth in connection with environmental remediation activities at the Bloomfield, Moosup and New Hartford, CT facilities; 12) profitable
integration of acquired businesses into the company's operations; 13) changes in supplier sales or vendor incentive policies; 14) the effect of
price increases or decreases; 15) pension plan assumptions and future contributions; 16) future levels of indebtedness and capital
expenditures; 17) continued availability of raw materials and other commodities in adequate supplies and the effect of increased costs
therefore; 18) the effects of currency exchange rates and foreign competition on future operations; 19) changes in laws and regulations, taxes,
interest rates, inflation rates, general business conditions and other factors; and 20) 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 report.

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

Slide 3

KAMAN CORPORATION:More Focused Company

Focused on two core businesses: Aerospace and Industrial Distribution

•Sold Music subsidiary to Fender on 12/31/07

qProvided additional capital for investment in core businesses

•Settlement of Australian helicopter contract

r Reduced risk profile

rAllows increased focus on support and subcontract business

r    Potential for upside based on successful remarketing of aircraft

Corporate:

üClosed on a $50 million term loan in October

Slide 4

üAppointed William Denninger CFO, to replace the retired Robert Garneau

2008 SIGNIFICANT EVENTS

Slide 5

Distribution:

Industrial Distribution

2008 YTD Sales at 9/26/08 - $937 Million

SALES MIX

Aerospace:

üAppointed Greg Steiner, President Kaman Aerospace Group

üHelicopters - - Settlement negotiated with Commonwealth of

Australia

üAerostructures - - Awarded multi-year contract with a potential value

in excess of $100 million to supply Boeing with components for the

A-10 re-wing program

üAerostructures - - Acquired Brookhouse Holdings, Limited

Slide 6

üKamatics received UTC Supplier Gold Award

2008 SIGNIFICANT EVENTS

Slide 7

Talented, committed employees -Proven management team

BROOKHOUSE HOLDINGS, LTD.:Strategic Fit

§Accelerates growth and increases scale in Aerostructures market

§Enhances our composite capabilities - RFI technology provides differentiator

§Balanced portfolio of platforms and mix of business

• 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

Slide 8

Complementary platform positions - improves diversification

AEROSTRUCTURES:Platforms

AEROSTRUCTURES WICHITA UPDATE

Slide 9

•Issues

r Entered into three large complex assembly programs without adequate
  infrastructure

r  Has resulted in significant operational charges in 2008

♦ Goodwill impairment - $7.8 million (Q2)

 ♦  Tooling - $2.5 million (Q1)

♦  Inventory - $1.8 million (Q3)

♦ EAC adjustments and other - $5.8 million (Q1-Q3)

• Actions

r Installed new leadership

r   Invested in people, tooling, and equipment to rebuild infrastructure

1. Results

r  Resumed production for major customer

r  AS9100 certification reinstituted

Slide 10

Distribution:

Industrial Distribution

2008 YTD Sales at 9/26/08 - $937 Million

SALES MIX

Industrial Distribution:

üAcquired Industrial Supply Corporation of Richmond, VA

üSavannah Distribution Center opened to support increased

business in the Southeast

üAcquired Industrial Rubber and Mechanics, Inc. of Puerto Rico

Slide 11

2008 SIGNIFICANT EVENTS

KIT Branch Location

Distribution Center

ISC Branch Location

INRUMEC Location

Slide 12

KAMAN INDUSTRIAL TECHNOLOGIES LOCATIONS

Slide 13

KAMAN INDUSTRIAL TECHNOLOGIES - Current Market Update

•Tough comparative period: Q4 07 + 10% sales growth

•Q4 to date:

qLow single digit organic sales growth

qAcquisitions adding 8-10% sales growth

•Initiating contingency action plans

1 Corporate expense percentage is to Total Sales

(In thousands) SEGMENTS	Net Sales		Operating Income/(Loss)		Operating Margin
	Q3 2008	Q3 2007	Q3 2008	Q3 2007	Q3 2008	Q3 2007
1.Aerostructures	$44,047	$25,713	$173	$1,631	0.4%	6.3%
2.Precision Products	32,599	22,104	3,598	2,687	11.0%	12.2%
3.Helicopters	17,373	18,220	3,453	2,283	19.9%	12.5%
4.Specialty Bearings	36,839	30,729	13,641	10,859	37.0%	35.3%
5.Subtotal Aerospace	130,858	96,766	20,865	17,460	15.9%	18.0%
6.Industrial Distribution	204,275	178,090	10,704	9,045	5.2%	5.1%
7.Net gain/(loss) on sale of assets			301	1
8.Corporate expense			(7,422)	(9,498)	1 (2.2%)	1(3.5%)
9.Sales/Op. inc. from continuing ops	$335,133	$274,856	$24,448	$17,008	7.3%	6.2%

Slide 14

INCOME STATEMENT HIGHLIGHTS
For quarters ended September 26, 2008 and September 28, 2007

1 Corporate expense percentage is to Total Sales

(In thousands) SEGMENTS	Net Sales		Operating Income/(Loss)		Operating Margin
	2008	2007	2008	2007	2008	2007
1.Aerostructures	$103,784	$74,214	$(7,090)	$9,862	(6.8)%	13.3%
2.Precision Products	83,965	64,566	6,283	9,232	7.5%	14.3%
3.Helicopters	50,092	54,703	7,177	1,014	14.3%	1.9%
4.Specialty Bearings	109,585	94,179	40,550	31,622	37.0%	33.6%
5.Subtotal Aerospace	347,426	287,662	46,920	51,730	13.5%	18.0%
6.Industrial Distribution	589,773	526,106	29,512	26,043	5.0%	5.0%
7.Net gain/(loss) on sale of assets			94	15
8.Corporate expense			(23,704)	(28,997)	1 (2.5%)	1(3.6%)
9.Sales/Op. inc. from continuing ops	$937,199	$813,768	$52,822	$48,791	5.6%	6.0%

Slide 15

INCOME STATEMENT HIGHLIGHTS
For nine months ended September 26, 2008 and September 28, 2007

Q&A

Appendix

AEROSPACE:Military vs. Commercial Sales Mix (YTD 9/26/08)

CommercialMilitary

Aerostructures27%73%

Precision Products3%97%

Helicopters20%80%

Specialty Bearings78%22%