0000054381-13-000043.txt : 20130419 0000054381-13-000043.hdr.sgml : 20130419 20130418184503 ACCESSION NUMBER: 0000054381-13-000043 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20130418 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130419 DATE AS OF CHANGE: 20130418 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KAMAN CORP CENTRAL INDEX KEY: 0000054381 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-MACHINERY, EQUIPMENT & SUPPLIES [5080] IRS NUMBER: 060613548 STATE OF INCORPORATION: CT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35419 FILM NUMBER: 13770110 BUSINESS ADDRESS: STREET 1: 1332 BLUE HILLS AVE CITY: BLOOMFIELD STATE: CT ZIP: 06002 BUSINESS PHONE: 8602437100 MAIL ADDRESS: STREET 1: 1332 BLUE HILLS AVE CITY: BLOOMFIELD STATE: CT ZIP: 06002 FORMER COMPANY: FORMER CONFORMED NAME: KAMAN AIRCRAFT CORP DATE OF NAME CHANGE: 19680403 8-K 1 form8-k413.htm KAMAN CORPORATION FORM 8-K form8-k413.htm  



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): April 18, 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))



 
1

 

Item 8.01                      Other Events.

On April 18, 2013 (dateline: April 19, 2013, Wellington, New Zealand), the Company issued a press release announcing that the New Zealand Cabinet has authorized the New Zealand Ministry of Defence (the “MoD”) to enter into an approximately $120 million contract with the Company’s indirect subsidiary, Kaman Aerospace Corporation (“KAC”), for the purchase of ten SH-2G(I) Super Seasprite aircraft, spare parts, a full mission flight simulator, and related logistics support.  The MoD and KAC expect to execute definitive contract arrangements in the next few weeks.  KAC anticipates the contract will call for the aircraft to be delivered over an approximately three-year period with revenue recognition beginning in 2013.  A copy of the Company’s press release is attached as Exhibit 99.1 to this report and is incorporated herein by reference in response to this Item 8.01.

Forward Looking Statements

This report includes "forward looking statements" concerning a potential business transaction, its anticipated financial and business impact, and management's beliefs and objectives with respect thereto, based on assumptions currently believed to be valid.  These statements involve risks and uncertainties that could cause actual results to differ from those anticipated, including but not limited to the ability of the parties to negotiate mutually acceptable definitive contract arrangements, the potential timing of such arrangements, and the ability of the parties to secure any necessary governmental or regulatory approvals of the terms desired or anticipated.  Other important economic, political, regulatory, legal, technological, competitive and other uncertainties are identified in the SEC filings submitted by the Company from time to time, including Annual Reports on Form 10-K , Quarterly Reports on Form 10-Q, , and Current Reports on Form 8-K.  The forward looking statements included in this report are made only as of the date hereof, and the Company does not undertake any obligation to update the forward looking statements to reflect subsequent events or circumstances.

Item 9.01                      Financial Statements and Exhibits

(d)       Exhibits

The following document is furnished as an Exhibit pursuant to Item 8.01 hereof:

Exhibit 99.1 – Press Release of the Company dated April 18, 2013 (dateline: April 19, 2013, Wellington, New Zealand).

 




 
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/ Shawn G. Lisle
   
Shawn G. Lisle
   
Senior Vice President and General Counsel
     

Date:  April 18, 2013


 
3

 

KAMAN CORPORATION AND SUBSIDIARIES

Index to Exhibits


Exhibit
Description
 
     
99.1
Press Release dated April 18, 2013 (dateline: April 19, 2013, Wellington, New Zealand)
Attached





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


 
     
   
NEWS RELEASE
     
   
Kaman Corporation
Bloomfield, CT USA
P (860) 243-7100
www.kaman.com
 

KAMAN ANNOUNCES AUTHORIZATION FROM NEW ZEALAND FOR THE PURCHASE OF
TEN SH-2G(I) SUPER SEASPRITE AIRCRAFT

WELLINGTON, New Zealand (April 19, 2013) – Kaman Corp. (NYSE:KAMN) today announced that the New Zealand Cabinet has authorized the New Zealand Ministry of Defence (MoD) to enter into an approximately $120 million contract with Kaman Aerospace Corporation (Kaman) for the purchase of ten SH-2G(I) Super Seasprite aircraft, spare parts, a full mission flight simulator, and related logistics support.

The MoD and Kaman expect to execute a contract in the next few weeks.  Kaman anticipates the contract will call for the aircraft to be delivered over an approximately three year period with revenue recognition beginning in 2013.

Neal J. Keating, Chairman of the Board, President and Chief Executive Officer said, “We are very pleased to have reached this milestone with the Government of New Zealand. Kaman has had a longstanding relationship with the New Zealand Defence Force based on the success they have experienced flying the Kaman Super Seasprite since 2001. This success lead to their interest in our SH-2G(I), the latest variant of the aircraft and one of the most technologically advanced helicopters in the world today. We expect to transition the aircraft into their fleet over the next three years and to continue to support them for many years to come. This contract represents an important step forward for Kaman and we welcome the opportunity to continue supporting the operational needs of the New Zealand Defence Force.”

The SH-2G(I) Super Seasprite is an advanced integrated maritime weapon system.  The SH-2G Super Seasprite is a proven day/night/all-weather multi-mission helicopter. Originally designed to meet the exacting requirements of the U.S. Navy, the SH-2G Super Seasprite has the highest power-to-weight ratio of any maritime helicopter, assuring a safe return-to-ship capability even in single-engine flight conditions. Its robust design, outstanding stability, and excellent reliability have been proven through more than 1.5 million flight hours. The SH-2G is a fully integrated, multi-mission maritime weapon system designed to fulfill anti-submarine warfare (ASW), anti-surface warfare (ASuW), over the horizon targeting, surveillance, troop transport, vertical replenishment, search and rescue, and utility missions.  It is the largest, most powerful small ship helicopter in use today and is recognized for its mission effectiveness, support, and unmatched performance.  In addition to the Royal New Zealand Navy, the SH-2G Super Seasprite is operated by the Egyptian Air Force and the Polish Navy.

About Kaman Corporation

Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut conducts business in the aerospace and industrial distribution markets.  The company produces and/or markets widely used proprietary aircraft bearings and components; complex metallic and composite aerostructures for commercial, military and general aviation fixed and rotary wing aircraft; aerostructure engineering design analysis and FAA certification services; safe and arm solutions for missile and bomb systems for the U.S. and allied militaries; subcontract helicopter work; and support for the company's SH-2G Super Seasprite maritime helicopters and K-MAX medium-to-heavy lift helicopters.  The company is a leading distributor of industrial parts, and operates more than 200 customer service centers and five distribution centers across North America.  Kaman offers more than four million items including bearings, mechanical power transmission, electrical, material handling, motion control, fluid power, automation and MRO supplies to customers in virtually every industry.  Additionally, Kaman provides engineering, design and support for automation, electrical, linear, hydraulic and pneumatic systems as well as belting and rubber fabrication, customized mechanical services, hose assemblies, repair, fluid analysis and motor management.  More information is available at www.kaman.com.
 

 
Cautionary Statement on Risks Associated with Kaman Corporation (“Kaman”) Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties. The words “believe,” “expect,” “target,” “goal,” “project,” “anticipate,” “predict,” “intend,” “plan,” “estimate,” “may,” “will,” “should,” “could” and similar expressions and their negatives are intended to identify such statements. Forward-looking statements are not guarantees of future performance, anticipated trends or growth in businesses, or other characterizations of future events or circumstances and are to be interpreted only as of the date on which they are made. Neither Kaman nor any other person undertakes any obligation (and expressly disclaims any such obligation) to update or revise any forward-looking statement. You should not place undue reliance on these forward-looking statements. Our actual results could differ materially and adversely from those anticipated in these forward-looking statements for many reasons, including the risks faced by Kaman described in documents filed with the Securities and Exchange Commission (“SEC”) from time to time. Kaman’s SEC filings can be accessed through the Investor Relations section of our website, http://www.kaman.com, or through the SEC’s EDGAR Database at http://www.sec.gov (Kaman has EDGAR CIK No. 0000054381).

###


Contact:
Eric Remington
VP, Investor Relations
(860) 243-6334
eric.remington@kaman.com


 

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