Sun. Sep 22nd, 2019

KAMAN INCREASES STAKE IN INDIA JOINT VENTURE WITH KINECO

Kineco_Kaman_BAE

 

Kaman Aerospace Group, Inc. (Kaman), a subsidiary of Kaman Corporation (NYSE: KAMN), and Kineco Limited (Kineco) today announced that Kaman has increased its stake in the parties’ Indian manufacturing joint venture Kineco Kaman Composites India Pvt. Ltd. (JV) to 49% from 26%. The Goa based JV 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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