Kaman Announces $8.6M Joint Programmable Fuze Order
(NYSE: KAMN) Kaman Corporation announced today that its Aerospace segment has been awarded a contract modification in the amount of $8.6 million for the procurement of Joint Programmable Fuzes (JPF). The award is a follow-on order raising the total under Option 10 of Kaman's JPF contract with the U.S. Air Force (USAF) to approximately $78.6 million. Delivery of these fuzes is anticipated to occur in 2015.
"This order further strengthens our largest single program by increasing our JPF backlog to more than $150 million and extending it into 2015. The order demonstrates the USAF's fuzing requirements and commitment to the program," stated Kaman Aerospace Group President, Greg Steiner.
Kaman has been the sole provider of the JPF to the USAF since 2002. In addition to the USAF, Kaman provides the JPF to twenty-three other nations. The JPF allows the settings of a weapon to be programmed on wing in flight and is the current bomb fuze of choice of the USAF. The JPF is used with a number of weapons including general purpose bombs, and guided bombs that use JDAM or Paveway kits, on U.S. aircraft such as F-15, F-16, F-22, A-10, B-1, B-2, B-52 and the MQ-9 UAV as well as on international aircraft such as Mirage 3 and Gripen. Kaman produces the JPF at facilities in Orlando, Florida and Middletown, Connecticut.
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