Kaman Sells Distribution Half To Focus On A&D

Credit: Kaman
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 will better...
Michael Bruno

Based in Washington, Michael Bruno is Aviation Week Network’s Executive Editor for Business. He oversees coverage of aviation, aerospace and defense businesses, supply chains and related issues.

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