With the completion of the acquisition, Bloomfield, Connecticut-based Kaman has stopped trading its common stock on the New York Stock Exchange, according to a joint release published Friday.
Founded in 1945, Kaman develops and sells proprietary aircraft bearings and components; proprietary spring energized seals, springs and contacts; metallic and composite aerostructures; brakes, wheels and related hydraulic components for military and commercial helicopters, fixed-wing aircraft and unmanned aerial vehicles.
“As we enter our next phase as a private company, we are confident that we will benefit from additional resources and expertise that will enable us to build upon our strong foundation and take full advantage of the hard work we have done these past several years to reposition our company,” said Ian Walsh, chairman, president and CEO of Kaman.
“This new partnership will accelerate our transformational strategy and drive significant growth, innovation and value to our customers,” added Walsh.
GreyNoise Intelligence has launched a command-and-control detection capability designed to give federal agencies earlier visibility into compromised infrastructure. GreyNoise’s new…
Textron Aviation Defense has been awarded a five-year, $150 million contract to provide sustaining engineering and program management, or SEPM, services…
Merlin, an aerospace and defense technology company, has appointed former PsiQuantum executive Mark Brunner as chief revenue officer. What Will Mark Brunner Oversee?…
Fortreum has acquired Kovr.AI, an AI-native cybersecurity compliance platform, to combine automated compliance capabilities with independent assessment services for federal…
