Sign In
Search
Business/Financial

Kaman Completes $700 Million Sale Of Distribution Business To Focus On Aerospace And Defense

Cal Biesecker By
SHARE:
Kaman Completes $700 Million Sale Of Distribution Business To Focus On Aerospace And Defense
Neal Keating, Chairman, President and CEO of Kaman Corp. Photo: Kaman

Kaman Corp. [KAMN] on Monday said it has completed the sale of its Distribution segment to the private equity firm Littlejohn & Co. for $700 million in cash, allowing it to better focus on its aerospace and defense products portfolio. Kaman first announced the deal with Littlejohn & Co. in June, saying at the time that pending sale is key milestone in its “portfolio transformation” and that the outcome would be a strengthened balance sheet that enables more investment in…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Business/Financial

Turbojet Engine Manufacturer PBS Aerospace In Subcontract With Zone 5

Business/Financial

L3Harris Names New CFO, Freeing Bedingfield To Run Missile Solution Business

Business/Financial

Avio Will Focus On Defense Tactical SRMs At New Virginia Plant; Options For Strategic Motors

Trending

AeroVironment Investing In Albuquerque Expansion As SCAR Negotiations Continue
X-Bow Begins Hot-Firings Of Large Solid Rocket Motor For Hypersonic Applications
U.S. Confirms First Combat Use Of Low-Cost, One-Way Attack Drones In Iran Strikes
Defense Watch: Black Arrow and Blackbeard, Jordan KuMRFS, Epirus and DFT
Experimental Operations Unit Flights To Spur CCA Increment 2 Requirements

Congress Updates

Pentagon

Amid Questions On Weapons Stockpiles, Caine Says U.S. Has ‘Sufficient’ Munitions For Iran Operation

Pentagon leaders on Wednesday sought to quell concerns over the rate at which the U.S. is employing critical munitions in its military strike campaign against Iran, with lawmakers also pressing […]

Congress

SASC Leaders Criticize Trump’s Defense Strategy, Press Colby On Policy Shifts

Senate Armed Services Committee (SASC) leadership on Tuesday criticized the Trump administration’s new National Defense Strategy (NDS) and pressed the Pentagon’s top policy official to explain the document’s priorities. SASC […]

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]

Congress

“Not Sure How They Get To Where They Wanna Be,” Calvert Says of $1.5 Trillion Defense Topline Proposal

As the federal government enters a third week of tardiness in a fiscal 2027 budget release, a big question is how the Pentagon will be able to spend $500 billion […]

The Force Multipliers

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Job Feed

Post a Job // Post a Resume