Kaman To Sell Distribution Segment To Focus On A&D

Credit: Kamen Aerosystems
WASHINGTON—Kaman Corp. announced June 26 that it has struck a deal to sell its Distribution division—about half of its company—to Littlejohn & Co. for $700 million so Kaman can focus almost exclusively on aerospace and defense as it tries to restructure its business. “Our strengthened balance sheet...

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