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): January 15, 2013

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 the Company’s senior management present information about the Company to investors.  A copy of the investor presentation dated January 15, 2013 is attached as Exhibit 99.1.  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

(d)       Exhibits

The following documents are furnished as Exhibits pursuant to Items 7.01 hereof:

Exhibit 99.1 - Investor Presentation dated January 15, 2013.

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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/ Shawn G. Lisle
	Shawn G. Lisle
	Senior Vice President, Deputy General Counsel and Assistant Secretary

Date: January 15, 2013

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KAMAN CORPORATION AND SUBSIDIARIES

Index to Exhibits

Exhibit	Description
99.1	Investor Presentation dated January 15, 2013	Attached

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EX-99.1

1

CJS Securities, Inc.

13th Annual “New Ideas for the New Year” Conference

January 16, 2013

2

Forward Looking Statement

This presentationcontains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking statements also may be included in other publicly available documents from time to time issued by the Company and in oral statements from time to
time made by our officers and representatives.These forward-looking statements are intended to provide management's current expectations or plans for the
Company's future operating and financial performance, based on assumptions currently believed to be valid.They can be identified by the use of words such as
"anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and other words of similar meaning
in connection with a discussion of future operating or financial performance.Examples of forward looking statements include, among others, statements relating to
future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.

Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the Company's actual results
and financial condition to differ materially from those expressed or implied in the forward-looking statements.Such risks, uncertainties and other factors include, among
others: (i) changes in domestic and foreign economic and competitive conditions in markets served by the Company, particularly the defense, commercial aviation and
industrial production markets; (ii) changes in government and customer priorities and requirements (including cost-cutting initiatives, the potential deferral of awards,
terminations or reductions of expenditures to respond to the priorities of Congress and the Administration, or budgetary cuts resulting from Congressional actions or
automatic sequestration under the Budget Control Act of 2011); (iii) changes in geopolitical conditions in countries where the Company does or intends to do business;
(iv) the successful conclusion of competitions for government programs and thereafter contract negotiations with government authorities, both foreign and domestic; (v)
the existence of standard government contract provisions permitting renegotiation of terms and termination for the convenience of the government; (vi) the satisfactory
conclusion to government inquiries or investigations regarding government programs, including the satisfactory resolution of the Wichita subpoena matter; (vii) risks and
uncertainties associated with the successful implementation and ramp up of significant new programs; (viii) potential difficulties associated with variable acceptance test
results, given sensitive production materials and extreme test parameters; (ix) the successful resale of the SH-2G(I) aircraft, equipment and spare parts; (x) the 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 all have been assumed in connection with goodwill impairment evaluations; (xi) the continued support of the existing K-MAX® helicopter fleet, including sale
of existing K-MAX® spare parts inventory; (xii) the accuracy of current cost estimates associated with environmental remediation activities at the Bloomfield, Moosup and
New Hartford, CT facilities and our U.K. facilities; (xiii) the profitable integration of acquired businesses into the Company's operations; (xiv) changes in supplier sales or
vendor incentive policies; (xv) the effects of price increases or decreases; (xvi) the effects of pension regulations, pension plan assumptions, pension plan asset
performance and future contributions; (xvii) future levels of indebtedness and capital expenditures; (xviii) the future availability of credit and the Company's ability to
maintain its current credit rating; (xix) the continued availability of raw materials and other commodities in adequate supplies and the effect of increased costs for such
items; (xx) the effects of currency exchange rates and foreign competition on future operations; (xxi) changes in laws and regulations, taxes, interest rates, inflation rates
and general business conditions; (xxii) future repurchases and/or issuances of common stock; and (xxiii) such other risks and uncertainties as are discussed in Part II,
Item 1A. "Risk Factors" of our Quarterly Reports on Form 10-Q for the quarters ended June 29 and September 28, 2012 and in Part I, Item 1A. “Risk Factors” of our
Annual Report on Form 10-K for the year ended December 31, 2011.

All forward-looking statements made in this presentation are based solely on information that is currently available as of the date ofthis presentation, and the Company
undertakes no obligation to update any such forward-looking statement, whether as a result of new information, future developments or otherwise.

Contact: Eric Remington

V.P., Investor Relations

(860) 243-6334

Eric.Remington@kaman.com

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Kaman Corporation Overview

•Two businesses

–Aerospace

•Manufacturer and subcontractor in the global commercial aerospace
and defense market - extremely broad range of capabilities - proven
performance

•Diverse and growing customer base of blue chip customers and
government divisions

–Distribution

•Third largest distributor in the power transmission/motion
control/fluid power market

•Focused on technical differentiation and expansion into higher
margin products

•Publicly listed on the NYSE with a market capitalization of
approximately $1 billion

•2011 sales $1.5 billion; 5,000 employees

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2011 Sales: $547 million

Aerospace

5

36%

19%

12%

45%

Aerospace - 2011 Sales Overview

63%

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Fixed trailing edge

Fuel tank access doors

Top covers

Red denotes bearing products

Nose landing gear

Horizontal
stabilizer

Main landing gear

Flaps

Rudder

Door assemblies

Engine/thrust reverser

Aircraft Programs/Capabilities

Flight controls

Doors

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Manufacture of cockpit

Blade erosion coating

Manufacture and assembly
of tail rotor pylon

Manufacture,
subassembly and
joining of fuselage

Blade manufacture,
repair and overhaul

Driveline couplings

Bushings

Flight control bearings

Aircraft Programs/Capabilities

Red denotes bearing products

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Market leading self lube airframe bearing product lines

•Content on virtually every aircraft manufactured today with a
growing installed base

•Approximately 75% of sales are for commercial applications

•Proprietary technology:

–KAron® bearing liner system

–KAflex® and Tufflex® flexible couplings

•95% of sales are for custom engineered applications

•Operational excellence through lean manufacturing

•World class application engineers and material scientists
developing new applications

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•USAF bomb fuze of choice

•USAF inventory levels are less than
half desired quantity

•USAF reprogramming $20 million to
JPF procurement

•$92 million backlog (as of 9/28/2012) for
delivery through 2013

•Kaman is sole source, negotiating
four year follow-on contact

•23 foreign customers

Bomb Compatibility

-JDAM

-Paveway II and III

-GBU-10, 12, 16, 24, 27, 28, 31,
32, 38, 54

-BLU-109, 110, 111, 113, 117,
121, 122, 126

-MK82/BSU-49, MK83/BSU-85,
MK84/BSU-50

JPF Program

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Aerospace Issues for 2013

•Manage continued growth of bearing product lines driven by
commercial build rates

•Continue reinvestment in specialty bearing product lines

–Business development

–Facility expansion in Europe

•Continue to pursue strategic acquisitions that enhance shareholder
value

•Focus on cash flow generation

–Successful program ramp ups (e.g. AH-1Z)

–Sound program management

–Continue to work toward the sale of SH-2G(I) aircraft

•Manage strategic transition

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Aerosystems

•Combines our diverse offerings

–Design

–Tooling

–Manufacturing

–Machining

–Assembly

–MRO and support

•Will maximize efficiencies across businesses

•Allows Kaman to go to market in a cohesive integrated manner

12

Aerospace - Budget Impact on Defense Programs

•Key defense programs less impacted by proposed budget cuts

–Joint Programmable Fuze - backlog into 2013, foreign demand,
continued sole source

–F-35 (Joint Strike Fighter) - incremental business at any
production level

–A-10 re-wing program for Boeing - reset, new business

–AH-1Z integrated fuselage for Bell/USMC - new business

•Broadly diverse revenue base mitigates risk from large program
cancellations

•Anticipated risk to revenue from sequestration is $20 million to $25
million in 2013, less than 2% of expected consolidated revenue

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Unmanned K-MAX®

•Kaman/Lockheed have developed an unmanned
military version of the K-MAX helicopter

•Two K-MAXs have been performing unmanned
cargo resupply missions for the USMC in
Afghanistan since December 2011

•Lockheed Martin awarded Army and Navy
unmanned K-MAX development contracts to
expand mission capability

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Aerospace Strategic Transition

$1 Billion sales

“High Teens” operating margin

50% Design-and-build

50% Defense/50% Commercial

Super Tier II

Integrated, coordinated, synergistic
business

Multi-national

Competing on design-and-build
manufacturing capability, and
Intellectual Property

NOW

FUTURE/VISION

$547 Million sales

15.8% Operating margin

70% Build-to-print

65% Defense

Tier II/III Supplier

Small, independent businesses

Primarily domestic

Competing on cost and
manufacturing capability

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Distribution

2011 Sales: $951 Million

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Distribution Overview

•Industrial distribution firm with a $35 billion served market via three platforms

–Bearings and mechanical power transmission

–Fluid power

–Electrical automation and control

•Major product categories

–Bearings

–Mechanical and electrical power transmission

–Fluid Power

–Motion control

–Automation

–Material handling

–Electrical control and power distribution

•234 locations and 5 distribution centers

•Executing growth strategy to achieve long-term sales and profit objectives

17

Distribution - Major Product Platforms

Product Platform	Bearings & Mechanical Power Transmission (BPT)	Fluid Power	Electrical Automation & Control
% of 2011 Sales (approximate)	72%	12%	16%
Market Size	$12.5 Billion	$7.2 Billion	$15.0 Billion
Acquisitions since 2008	•Industrial Supply Corp. •Allied Bearings Supply •Plains Bearing •Fawick de Mexico •Florida Bearings	•Catching Fluidpower •INRUMEC	•Zeller •Minarik •Automation Technology •Target Electronic Supply
Major Suppliers

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Executing Strategy and Building Network

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Acquisition of Zeller Corporation - Overview

•Acquired certain assets of Zeller Corporation on August 13, 2012

•Zeller is a value added distributor of electrical and automation components and
engineered systems provider, encompassing the following technologies:

–Motion control

–PLC based automation

–Machine vision

–Electrical controls

–Power distribution products

–Kollmorgen

–Phoenix Contact

–Rittal

–Sick

–Zeller’s full year sales for 2012 are expected to be approximately $80 million with
an operating profit margin higher than that of Kaman’s Industrial Distribution
segment

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Zeller - Summary of Merits

•Builds scale in Kaman’s automation and control (A&C) market
segment

•Expands Kaman’s A&C served market to $15 billion by adding
electric control capabilities

•Adds Schneider as key vendor

•Establishes scale in value-added solutions

•Establishes Kaman as a provider of electrical controls products

•Expected to yield sales synergy opportunities from Kaman’s
national sales force

21

Distribution Issues for 2013

•Monitor and react to organic sales growth rate

•Continue acquisition program

•Effectively integrate recent acquisitions and optimize cross-selling
opportunities

•Continue disciplined implementation of the new ERP system

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Distribution Strategic Transition

$951 Million Sales

5.1% operating margin

Presence in 72 of the top 100
industrial markets

Three product platforms

Narrow fluid power offering from
numerous single-technology
suppliers

Eight ERP systems

NOW

FUTURE/VISION

$1.5 Billion sales

7.0% operating margin

Presence in ≈ 90 of the top 100 U.S.
industrial markets

Three major product platforms with
increased market share in
motion/automation and fluid power

Broad fluid power offering from multi
-technology supplier

State of the art enterprise wide
business system

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Kaman Investment Merits

•A Leading Market Position in Both Business Segments

•Continued Focus on Profit Optimization, Increasing Cash Flows and
Strengthening Competitive Position

•Strong Liquidity and Conservative Financial Profile

•Disciplined and Focused Acquisition Strategy

•Experienced Management Team

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Executive Compensation Aligned with Shareholder
Interests

•Alignment with the market allows Company to attract and retain key
talent

•Company and individual performance drive base salary, annual
cash incentives and long-term incentives (75% of CEO’s
compensation in 2011 was performance related)

•Total compensation only reaches the median of market when
Company financial performance also is at the median of similar
sized industrial companies as measured by the Russell 2000

•The direct linkage to company financial performance serves
shareholder interests

•SERP and Pensions benefit accruals ended in 2010

•Perquisites have essentially been curtailed for executive officers
(MERP, financial counseling, tax planning)

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Performance-Driven Annual Cash Incentive

•Annual cash incentive driven by financial performance

–Corporate - compared against the 5-year average of Russell
2000:

•Return on Investment

•EPS growth

•EPS performance against plan

•Individual Performance

–Business Units - compared against the 3-year moving average of
pastperformance

•Return on Investment

•Growth in operating income

•Additional annual objectives determined by business
priorities

•Reviewed and approved by the Personnel and Compensation
Committee of the Board of Directors

Q&A