KAMAN Corp
kaman.comNo Longer Reporting
The company has not filed an annual or quarterly report since its FY2023 10-K, filed Feb 22, 2024. Its latest SEC filing is a 15-12G from Apr 30, 2024.
10-K for FY2023, filed Feb 22, 2024
The sections below describe the company as of the FY2023 annual report.
What Did They Do?
Makes aircraft components and systems, aerostructures, and missile fuzes and helicopter services for aerospace and defense, industrial, and medical customers.
10-K for FY2023, filed Feb 22, 2024The Engineered Products segment serves the aerospace and defense, industrial and medical markets providing sophisticated, proprietary…View ↗
The Precision Products segment serves the aerospace and defense markets providing precision safe and arming solutions for missile and bomb…View ↗
The Structures segment serves the aerospace and defense and medical end markets providing sophisticated complex metallic and composite…View ↗
How Did They Make Money?
Customers pay for products and contract work; on certain long-term programs, Kaman earns its fee in proportion to progress toward completion.
10-K for FY2023, filed Feb 22, 2024A contract is accounted for when there has been approval and commitment from both parties, the rights of the parties are identified…View ↗
For certain programs, the Company recognizes revenue over time because of continuous transfer of control to the customer. For USG…View ↗
Revenue is recognized based on the extent of progress towards completion of the performance obligation. The selection of the method to…View ↗
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10-K for FY2023, filed Feb 22, 2024
FY2023 revenue by product or service ↗
$775.9M
-
10-K for FY2023, filed Feb 23, 2024
$775.9M ↗
| Segment | Share | Revenue |
|---|---|---|
|
Military and Defense, other than fuzes
|
23%
FY2020: 23%
|
Military and Defense, other than fuzes, FY2023
$179.2M Sources
|
|
Missile and Bomb Fuzes
|
9.0%
FY2020: 32%
|
Missile and Bomb Fuzes, FY2023
$69.4M Sources
|
|
Commercial Aerospace
|
44%
FY2020: 28%
|
Commercial Aerospace, FY2023
$344.8M Sources
|
|
Medical
|
13%
FY2020: 8.9%
|
Medical, FY2023
$100.6M Sources
|
|
Other
|
11%
FY2020: 8.3%
|
Other, FY2023
$81.9M Sources
|
Who Were Their Customers?
Customers include the U.S. and allied militaries and aerospace companies such as Boeing, Airbus, Sikorsky, and Lockheed Martin. Kaman also serves industrial and medical markets.
10-K for FY2023, filed Feb 22, 2024The Company's principal customers include the U.S. military, foreign allied militaries, Sikorsky Aircraft Corporation, The Boeing Company…View ↗
The Engineered Products segment serves the aerospace and defense, industrial and medical markets providing sophisticated, proprietary…View ↗
The Structures segment serves the aerospace and defense and medical end markets providing sophisticated complex metallic and composite…View ↗
Did Revenues Turn Into Profits?
Yes. It kept 1 cent of every revenue dollar as net income in FY2023 and turned 6 cents into free cash flow.
10-K for FY2023, filed Feb 23, 2024
$49.1MView ↗
10-K for FY2023, filed Feb 23, 2024
$7.9MView ↗
10-K for FY2023, filed Feb 23, 2024
$46.7MView ↗
How Were They Changing?
-
Apr 19, 2024
Arcline completed its acquisition of Kaman
Shareholders received $46.00 per share in cash, and Kaman's common stock was delisted from the New York Stock Exchange.
Sources
8-K, filed Apr 19, 2024
The transaction was previously announced on January 19, 2024, and was approved by Kaman shareholders on April 17, 2024. With the completion…View ↗
Held flat. Revenue was $775.9M in FY2023, about the same as the $761.6M of FY2019.
Uncrewed aircraft
The latest report describes development of the KARGO UAV logistics aircraft, while the older report described Kaman as manufacturing and supporting unmanned K-MAX helicopters.
10-K for FY2020, filed Feb 25, 2021 10-K for FY2023, filed Feb 22, 2024Kaman Corporation, headquartered in Bloomfield, Connecticut, was incorporated in 1945. As used in this annual report, "the Company", "we"…View ↗
The Precision Products segment serves the aerospace and defense markets providing precision safe and arming solutions for missile and bomb…View ↗
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