Kaman awarded $39.8M contract to commence implementation phase of Peru SH-2G program

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Kaman Aerosystems (Kaman) announced today that its Air Vehicles and MRO (AVMRO) division has successfully secured a contract for $39.8 million (USD) with General Dynamics Mission Systems—Canada to commence work on the implementation phase of the previously announced Peruvian Navy’s SH-2G Super Seasprite aircraft program.

The total expected value to Kaman for the combined program, including this contract and previously issued contracts, now totals $50.5 million (USD), total sales of $10.6 million (USD) had already been recognized as revenue through April 1, 2016, and the balance is expected to be recognized through the remainder of the program.

Drake Klotzman, General Manager AVMRO said, “We are very pleased to be working with General Dynamics Mission Systems—Canada to provide advanced maritime, search and rescue, and surveillance capabilities to the Peruvian Navy. The SH-2G platform is proven to meet the demanding maritime requirements of today’s rapidly changing naval environment and we are confident that the addition of the SH-2G aircraft to its fleet will enhance the Peruvian Navy’s defense capabilities. We are looking forward to a long-lasting relationship with Peru and General Dynamics Mission Systems—Canada to support and service these aircraft.”

“We are pleased to be teamed with Kaman, the OEM of the highly capable SH-2G on this program. The SH-2G is well suited for the needs of the Peruvian Navy and we look forward to providing remanufactured and upgraded aircraft for the nation’s long-term defense requirements,” said Brian Fava, Vice President Air and Naval Systems, General Dynamics Mission Systems—Canada.

Read more at www.businesswire.com


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