Market Overview

Kaman Announces New K-MAX Leasing Partnership with Rainier Heli International Inc.


Kaman Aerosystems, a division of the Aerospace segment of Kaman
Corporation (NYSE:KAMN) announced today that it has entered into an
agreement with Rainier Heli International Inc. (Rainier), of Kirkland,
Washington, under which Rainier will offer K-MAX® leasing
solutions to customers. Rainier specializes in providing lease and
lease-to-purchase programs tailored to meet the specific needs of
helicopter operators around the world.

"Rainier has operated a K-MAX® in the US and abroad
performing fire-fighting and utility missions for more than twenty
years. As a current owner operator of multiple helicopters, we
understand the outstanding value proposition K-MAX® offers to
the external lift market, including firefighting and power line
construction," stated Lon Halvorson, CEO of Rainier.

"We are very pleased that Rainier has decided to invest in the future
success of the K-MAX® program with this important milestone,"
stated Roger Wassmuth Senior Director, Business Development. "We expect
this partnership will allow us to further penetrate emerging markets
around the world with new production aircraft through a new financing

Development of the K-MAX® was led by Kaman founder and former
CEO, aviation pioneer Charlie H. Kaman, and received Federal Aviation
Administration certification in 1994. The single-engine, single-seat
K-MAX® is a rugged low-maintenance aircraft that features a
counter-rotating rotor system and is optimized for external load
operations and designed specifically for vertical reference flight. The
aircraft can lift up to 6,000 pounds (2,722 kg).

About Kaman Aerosystems

Kaman Aerosystems is a division of the Aerospace segment of Kaman
Corporation (NYSE:KAMN), which was founded in 1945 by aviation pioneer
Charles H. Kaman. Headquartered in Bloomfield, Connecticut, Kaman
Corporation conducts business in the aerospace and distribution markets.
The company produces and/or markets widely used proprietary aircraft
bearings and components; super precision, miniature ball bearings;
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; production of the K-MAX
medium-to-heavy lift helicopter and support for the company's SH-2G
Super Seasprite maritime aircraft. More information is available at

About Rainier Heli International

Rainier Heli International is the worldwide leasing arm of the Halvorson
group and leases a fleet of light, medium twin and heavy helicopters.
For over twenty years Rainier has operated a K-MAX® in the
U.S. and abroad performing fire-fighting and utility missions. The
Halvorson family of companies has been involved in aviation for over 50
years and owns and operates over 100 rotary and fixed wing aircraft. The
family owned company operates the world's largest scenic helicopter tour
business in addition to their airline and utility helicopter operations.

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