Kaman Increases Stake in India Joint Venture with Kineco

Kaman Aerospace Group bumps up interest to 49 percent from 26 percent.

Kaman Aerospace Group, Inc., Bloomfield, CT, a subsidiary of Kaman Corp. (NYSE: KAMN), has increased its stake in the Indian manufacturing joint venture Kineco Kaman Composites India Pvt. Ltd. (JV) to 49 percent from 26 percent. 

Kaman entered the joint venture with Kineco Private Ltd. in 2012. Based in Goa, India, the joint venture manufactures advanced composite structures for aerospace, imaging/medical, and other industries for customers, including BAE Systems, Hindustan Aeronautics Limited and Vikram Sarabhai Space Centre.

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