Kaman Corporation Explained

Kaman Corporation
Type:Private
Industry:Aerospace industry, medical industry, defense industry
Foundation:December 1945
Founder:Charles Kaman
Location City:Bloomfield, Connecticut
Location Country:United States
Locations:241 offices, 5 distribution facilities
Area Served:Worldwide
Key People:Ian K. Walsh (Chairman, President & CEO)
Revenue: US$1.59 billion (FY 2012)
Operating Income: US$92.8 million (FY 2012)
Net Income: US$55.0 million (FY 2012)
Assets: US$1.1 billion (FY 2012)
Equity: US$42.1 billion (FY 2012)
Owner:Arcline Investment Management
Num Employees:5,007
Divisions:Bal Seal EngineeringEXTEX Engineered ProductsGRWKaman Aerospace JacksonvilleKaman Air VehiclesKaman CompositesKaman FuzingKaman MeasuringKamaticsRWG
Footnotes:[1]

Kaman Corporation is an American aerospace company, with headquarters in Bloomfield, Connecticut. It was founded in 1945 by Charles Kaman. During the first ten years the company operated exclusively as a designer and manufacturer of several helicopters that set world records and achieved many aviation firsts.

In 1956, Kaman began to diversify[2] as an aerospace subcontractor of McDonnell Douglas, Grumman, and others. In the mid-1960s Kaman diversified outside of the aerospace industry, using the expertise Kaman had gained in composite materials and the end of the need for skilled woodworkers to craft wooden rotor blades. Charles Kaman, a guitarist as well as an aerospace pioneer, worked with his engineers and other musicians to create the round-backed, composite-body Ovation guitar, which led to the eventual creation of Kaman Music (now KMCMusicorp). Kaman Music was an independent distributor of musical instruments and accessories, and a major producer of guitars and guitar parts and accessories.

History

Charles Kaman founded the company in December 1945 with $2,000 of capital and his invention of the servo-flap controlled rotor.

January 15, 1947
  • K-125 - Kaman's first helicopter; Kaman selected an intermeshed contrarotating twin rotor design.
    July 1949
  • K-225 - An improved version of the K-125; the U.S. Navy bought two and the U.S. Coast Guard one for $25,000 each. Later, they received the H-22 designation.
    December 1951
  • A modified K-225 equipped with a Boeing 502 (YT50) turboshaft engine becomes the world's first gas turbine powered helicopter. This aircraft is now at the Smithsonian Institution's National Air and Space Museum.
    1953
  • Kaman produced the first electrically-powered drone.
    April 1953
  • Ordered for the U.S. Marine Corps, the HOK-1 first flies; Air Force version was the H-43A Huskie.
    1954
  • K-16 A V/STOL designed around a rotoprop.
    March 1954
  • A modified Kaman HTK-1 becomes the world's first twin-turbine powered helicopter.
    September, 1956
  • HH-43 Huskie — A variant of the OH-43, equipped with a Lycoming T-53 gas turbine engine.
    July 1957
  • QH-43 - A HTK-1 modified as a UAV.
  • In the late 1950s, Kaman built the Kaman K-17, an experimental tip jet powered helicopter.[3] using a Blackburn Aircraft-built Turbomeca Turmo turbine powering a compressor delivering cold air to the rotor tips.[4]
    July 2, 1959
  • The HU2K-1, selected by the U.S. Navy as a general purpose naval helicopter, makes its first flight. It enters service as the UH-2A Seasprite in 1962.
    March 1960
  • Kaman develops and flies the first all-composite main rotor blade.
  • In October 1961 the H-43 Huskie set an altitude record of 10000m (30,000feet) and rate of climb records. Anton Flettner who emigrated to the United States and became the chief designer for Kaman Aircraft, creating the Kaman HH-43 Huskie.

    During the Korean and Vietnam Wars, the Huskie flew more rescue missions than all other aircraft combined, with the best safety record of any U.S. military aircraft.

    1962
  • UH-2A / B production begins.
    January 1964
  • First flight of Kaman's experimental Convertiplane equipped with a GE J-85 turbojet engine and wings from a Beechcraft Queen Air. The aircraft achieves speeds of over 320 km/h.
    1965
  • Tomahawk — A Seasprite modified with stub wings and a pair of twin guns side-by-side under the nose. Kaman's proposal for the U.S. Army 's interim gunship helicopter between the AAFSS (AH-56) and AAH (AH-64) competitions. Lost to the Bell 209 (AH-1 HueyCobra).
  • Due to the limited power of its single engine, the Seasprites are modified for the U.S. Navy into twin-turbine helicopters.
    1969
  • U.S. Navy begins Light Airborne Multi-Purpose System (LAMPS) development to obtain an onboard helicopter for escort ships.
    1971
  • SAVER — The Stowable Aircrew Vehicle Escape Rotoseat is the first jet-powered autogyro with telescoping rotor blades.
    May 1973
  • SH-2F Seasprite — The LAMPS Mk I enters U.S. Navy service.
    July 1976
  • Kaman designs and begins manufacturing the K-747 blade, the world's first production all-composite rotor blade for the Bell AH-1 Cobra helicopter. Total production exceeds 4,000 blades.
    January 1991
  • Magic Lantern, a new laser-based mine countermeasures system, is deployed in the Persian Gulf during Operation Desert Storm. It is highly successful in locating mines.
    February 1993
  • SH-2G Super Seasprite — The new version of the Seasprite, with new avionics, mission electronics, and GE T-700 engines, enters U.S. Navy service.
    August 1994
  • K-1200 K-MAX — a purpose-built helicopter with intermeshing rotors specializing in external load operations.
    November 1998
  • The Egyptian Air Force accepts delivery of its 10th SH-2G Super Seasprite for use in anti-submarine warfare missions, completing the order and becoming the first international customer to operate the aircraft.
    August 1999
  • New Zealand approves purchase of SH-2G(NZ).
    January 2000
  • Australian SH-2G(A) begins initial flight testing.
    January 2001
  • U.S. federal government purchases 5 K-MAX for Peru.
    July 24, 2002
  • Kaman Acquires RWG Frankenjura-Industrie Flugwerklager GmbH, a manufacturer of spherical and ball bearings, rod ends, bushings and specialty components primarily for the aerospace industry.[5]
    October 2002
  • The 5 Peruvian K-MAX are transferred to the Colombian Army where they are still in service as of 2008.
    June 2008
  • All Royal Australian Navy SH-2G Seasprite helicopters are withdrawn from service and returned to supplier[6] as budget blew-out and contract specifications unable to be met.
  • Kaman acquires Brookhouse Holdings Limited, a world leading composite development company based in the United Kingdom, and renames it Kaman Composites UK Ltd.[7]
    January 31, 2011
  • Charles Kaman, founder of Kaman Aircraft, died in Bloomfield, Connecticut.
    November 2015
  • Kaman announces that it was acquiring GRW Bearing GmbH for $142.9 million. GRW designs and manufactures precision ball bearings, and has production facilities in Europe.[8]
    August 26, 2019
  • Kaman announced that it has completed the sale of its "KAMAN Distribution Group" segment to affiliates of Littlejohn & Co. for total cash consideration of $700 million [9]
    January 20, 2020
  • Kaman completes acquisition of Bal Seal Engineering Inc., which designs, develops, and manufactures highly engineered products including precision springs, seals, and contacts.[10] [11]
    May 2022
  • Kaman announced it had acquired Parker-Hannifin's aircraft wheel and brake division for $440 million US.[12]
    January 18, 2023
  • Kaman Corporation announced it will end the K-MAX production line, citing “low demand and variation in annual deliveries, coupled with low profitability and large working capital inventory requirements”, according to an 18 January statement.[13] [14]
    January 19, 2024
  • Kaman agreed to be acquired by private equity firm Arcline Investment Management for $1.29 billion.[15]
    April 19, 2024
  • It was announced that Arcline Investment Management, L.P. had completed its purchase of the company for approximately $1.8 billion.[16]

    Products

    External links

    Notes and References

    1. Web site: Kaman Corporation (KAMN). Yahoo! Finance.
    2. http://www.fundinguniverse.com/company-histories/Kaman-Corp-Company-History.html Kaman Corp
    3. Web site: Flight 1959.
    4. http://www.flightglobal.com/pdfarchive/view/1957/1957%20-%201023.html "Aero Engines 1957 p133
    5. Web site: Kaman Acquires RWG Frankenjura-Industrie Flugwerklager | Mergr M&A Deal Summary .
    6. Web site: Australia Scraps Super Seasprite Program . Aviation Today . Rotor & Wing . 5 March 2008 . 1 February 2011 . 3 March 2016 . https://web.archive.org/web/20160303220114/http://www.aviationtoday.com/rw/topstories/19926.html . dead .
    7. Web site: Kaman Acquires Brookhouse Holdings, Limited . 2012-10-07 . 2012-07-05 . https://web.archive.org/web/20120705185601/http://www.kaman.com/news/kaman-acquires-brookhouse-holdings-limited/ . dead .
    8. Web site: Kaman Acquires Germany's GRW Bearing For $143 Million. Industrial Distribution. 30 November 2015 . 2015-12-18.
    9. Web site: Kaman Completes Sale of Distribution Segment to Littlejohn & Co . 26 August 2019 .
    10. Web site: StackPath.
    11. Web site: Kaman Completes Acquisition of Bal Seal Engineering, Inc . 3 January 2020 .
    12. Web site: 2022-05-25 . Kaman to acquire Parker-Hannifin's aircraft wheel & brake division . 2022-05-25 . Aviation Business News . en-GB.
    13. Web site: Kaman Announces Next Transformational Steps to Optimize Cost Structure and Focus on Highest Growth Opportunities . 18 January 2023 .
    14. Web site: Kaman to close K-MAX production line .
    15. News: Aerospace parts maker Kaman to be taken private for $1.29 bln, shares surge . January 19, 2024 . Reuters.
    16. Web site: Arcline Completes Acquisition of Kaman. Nasdaq. 19 April 2024 . 2024-05-27. en-US.

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