Benzinga | Aug 10, 2021 04:51PM EDT

Kaman Announces $43M Joint Programmable Fuze Order

Kaman Corp. (NYSE:KAMN) announced today that it received an order under Option 16 of its Joint Programmable Fuze ("JPF") contract with the U.S. Air Force ("USAF"). This order has an expected value of approximately $43 million for the procurement of JPFs for foreign militaries.

"The U.S. Government executed Option 16 of our JPF contract which will add $43 million to backlog with deliveries expected to begin in 2022. The JPF provides high levels of mission flexibility and reliability all while supporting a broad range of aircraft and munitions technologies. Over the last few years, we have worked hard to maintain our high level of quality and on time delivery. We look forward to continuing to support U.S. Government requirements while pursuing new opportunities, "stated Darlene Smith, President of Kaman Air Vehicles and Precision Products.

Kaman has been a provider of the JPF to the USAF since 2002. In addition to the USAF, Kaman provides the JPF to forty other nations. The JPF allows the settings of a weapon to be programmed in flight and is qualified for use on 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, F-35, 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, Fla., and in Middletown, Connecticut.