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    Home » Blog » CT drone helicopter maker Kaman being acquired for $1.8 billion

    CT drone helicopter maker Kaman being acquired for $1.8 billion

    April 7, 2024Updated:April 7, 2024 US News No Comments
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    Charles Kaman founded the company in 1945, which became an earlier plane pioneer on the feet of&nbsp, Sikorsky&nbsp, in&nbsp, Stratford. Kaman was the skater up to produce a power aircraft for the&nbsp, U. S. Army&nbsp, during the Vietnam War, with the Bell” Huey” Iroquois becoming associated with the conflict.

    Kaman found a market for SeaSprite aircraft that could be landed on naval submarines for surveillance patrols and additional responsibilities.

    Kaman is then developing a helicopter cargo aircraft for the&nbsp, U. S. Marine Corps&nbsp, with anticipated “fly out” presentations planned for later this month. The Kargo aircraft resembles a flying field with bandwidth rotors, can take off horizontally, travel 800 weight of materials for more than 100 miles, and travel lighter load up to 500 miles. The Army has even expressed a desire for Kargo.

    ” I think we’re in good shape”, CEO&nbsp, Ian Walsh&nbsp, told purchase researchers next November during a conference call. ” We certainly have a very important software with Kargo.”

    The company’s larger firm has been able to produce high-tech fuzes that detonate guided bombs and missiles as well as aircraft parts like ball joints and dolphins over the years. In 2022, Kaman spent$ 442 million to get Parker- Hannifin’s plane wheel and brake company in&nbsp, Avon, Ohio.

    Kaman reported$ 6 million in profits over the first nine months of last year, with revenue up 17 percent to$ 573 million.

    Joining last year, Kaman reported a total workforce of really over 3, 000 people. In addition to its headquarters manufacturing plant in&nbsp, Bloomfield, Kaman has production facilities in&nbsp, Middletown, Vermont, &nbsp, Kansas, Ohio, &nbsp, Colorado, &nbsp, California, and&nbsp, Florida, with plans to close its&nbsp, Orlando&nbsp, facility there this year, and in&nbsp, Germany &nbsp, and the&nbsp, Czech Republic.

    The organization consolidated acknowledged production next season in&nbsp, Middletown.

    ___

    ( c ) 2024 Journal Inquirer

    Distributed by&nbsp, Tribune Content Agency, LLC.

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