Kaman Corporation Buyback
OLI recorded this information on 4/29/2015
Kaman Corporation announced today that its board of directors has authorized a new stock repurchase program of up to $100 million. The company intends to purchase shares to limit future dilution from the issuance of shares under its employee stock plans.
Kaman is a company that conducts business in the aerospace, medical and industrial markets. Co. produces and markets proprietary aircraft bearings and components; super precision, miniature ball bearings; proprietary spring energized seals, springs and contacts; metallic and composite aerostructures for commercial, military and general aviation fixed and rotary wing aircraft; and safe and arming solutions for missile and bomb systems for U.S. and allied militaries. Co. also manufactures and supports its K-MAX® manned and unmanned medium-to-heavy lift helicopters and restores, modifies and supports its SH-2G Super Seasprite maritime helicopters.
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Hold (2.00 out of 4)