The 2020 Mid-Year Economic Update_long

Kaman Unveils Restructuring Plan

The plan aims to better position the companys aerosystems business for increased profitability.

Kaman Corp. (NYSE:KAMN), Bloomfield, CT,  has unveiled a restructuring plan to better position the company’s aerosystems business for increased profitability and growth. The restructuring primarily affects the aerospace segment’s Connecticut composite structures division in Bloomfield, CT, and its fabricated products operations in Hyde, United Kingdom.

In the U.S., the company expects to close its Connecticut composite structures division and transfer its programs to Kaman’s composites facility in Wichita, KS, and to its air vehicles and MRO division in Bloomfield, CT.

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