Kaman awarded $120M contract with New Zealand MoD

April 18, 2013

Kaman announced that the New Zealand Cabinet has authorized the New Zealand Ministry of Defence, or MoD, to enter into an approximately $120M contract with Kaman Aerospace for the purchase of ten SH-2G Super Seasprite aircraft, spare parts, a full mission flight simulator, and related logistics support. The MoD and Kaman expect to execute a contract in the next few weeks. Kaman anticipates the contract will call for the aircraft to be delivered over an approximately three year period with revenue recognition beginning in 2013.