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): March 19, 2008 (March 19, 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))

Item 8.01                      Other Events.

On March 19, 2008, the Company announced that an agreement with the Commonwealth of Australia has been reached that establishes mutually agreed terms for concluding the SH-2G (A) Super Seasprite program. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01  Financial Statements and Exhibits.

(c) Exhibits.

           Exhibit 99.1        Press Release of the Company dated March 19, 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/ Robert M. Garneau
	Robert M. Garneau
	Executive Vice President and
	Chief Financial Officer

Date: March 19, 2008

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KAMAN CORPORATION AND SUBSIDIARIES

Index to Exhibits

Exhibit	Description
99.1	Press Release of the Company dated March 19, 2008.	Attached

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EX-99.1

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

KAMAN SIGNS ACCORD WITH COMMONWEALTH OF AUSTRALIA ESTABLISHING MUTALLY AGREED TERMS FOR CONCLUSION OF THE SH-2G(A) HELICOPTER PROGRAM

BLOOMFIELD, Conn. (March 19, 2008) Kaman Corp. (NASDAQ-GS:KAMN) reported today that its subsidiary, Kaman Aerospace International Corporation (Kaman), has reached an agreement with the Commonwealth of Australia that establishes mutually agreed terms for conclusion of the SH-2G(A) Super Seasprite program.

Under the terms of the Agreement, ownership of the 11 SH-2G(A) Super Seasprite helicopters will be transferred to Kaman along with spare parts and associated equipment. The transfer is subject to US government approval and the Commonwealth will carry out that process, which could take several months. Thereafter, Kaman will seek to sell the aircraft to another customer or customers and will share the proceeds of each sale with the Commonwealth under a pre-established formula.  Kaman has agreed that at least $37 million (US) of such payments will be made to the Commonwealth regardless of sales, with at least $25 million (US) to be paid by March 2011, and $6 million (US) each in years 2012 and 2013. Under the agreement, Kaman  will forego payment on approximately $35 million (US) in net unbilled receivables in exchange for the helicopters, spare parts and equipment, which will be recorded as inventory.  The value of this inventory is expected to exceed the amount of the net unbilled receivables and the guaranteed payments.

In commenting on the agreement, Neal J. Keating, chairman, president and chief executive officer of Kaman Corporation, said, "We appreciate the Australian government's willingness to work with us to develop a mutually satisfactory path to conclude their Super Seasprite program.  We are also pleased to have the opportunity to sell these highly capable aircraft to another customer."

The Kaman Super Seasprite is currently serving with the governments of Egypt, New Zealand and Poland. The aircraft also served with distinction as a front-line U.S. Navy helicopter, where its reliability and durability were well respected.

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

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Company representatives in U.S.:
Eric Remington	Sal Bordonaro
Vice President	President, Kaman Helicopters Division
(860) 243-6334	(860) 243-7005
Eric.Remington@kaman.com	Sal.Bordonaro@kaman.com

Company representatives in Sydney:
Steve Rutter	Louise Allen
SH-2G(A) Program Manager	Senior Executive
Mobile: (860) 573-6289	Hill & Knowlton Australia
Steve.Rutter@kaman.com	Telephone: 61 2 9286 1205
	Mobile: 61 (0) 411 029 693
Jacquelynne Willcox	lallen@hillandknowlton.com.au
Director, Public Affairs
Hill & Knowlton Australia
Mobile: 61 (0) 419833649
jwillcox@hillandknowlton.com.au