<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15 (d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 24, 1997
KAMAN CORPORATION
(Exact name of issuer as specified in its charter)
Connecticut 0-1093 06-0613548
(State of (Commission (I.R.S.
Incorporation) File Number) Employer
Identification
No.)
1332 Blue Hills Avenue
Bloomfield, CT 06002
(Address of principal executive offices)
Registrant's telephone number, including area code: (860) 243-7100
Not Applicable
(Former name or former address, if changes since last report)
<PAGE>
<PAGE>
Item 5. Other Events.
On July 24, 1997, the Company announced that it is exploring the
possible sale of Kaman Sciences Corporation, its defense related
sciences subsidiary. Lazard Freres & Co. will be assisting in the
process, which is expected to take several months. The Company has
not had any discussions with any party to date, and there are no
guarantees that any transaction will result from this process.
Item 7. Financial Statements and Exhibits
(a) Financial Statements of Business Acquired.
Not Applicable.
(b) Pro Forma Financial Information.
Not Applicable.
(c) Exhibits.
The following document is filed as an Exhibit to this
Report:
Exhibit 99 - Press Release of the Company, dated July 24,
1997.
<PAGE>
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this Report to be signed on
its behalf, by the undersigned, thereunto duly authorized.
KAMAN CORPORATION
By: Robert M. Garneau
Executive Vice President and
Chief Financial Officer
Dated: July 24, 1997
<PAGE>
<PAGE>
EXHIBIT INDEX
Exhibit Description
99 Press Release of the Company, dated
July 24, 1997
<PAGE>
<PAGE>
<PAGE>
KAMAN TO EXPLORE POSSIBLE SALE OF SCIENCES SUBSIDIARY
BLOOMFIELD, Connecticut (July 24, 1997) - (NASDAQ:KAMNA) Kaman
Corp., today, announces that it is exploring the possible sale of
Kaman Sciences Corp., its defense related sciences subsidiary.
Lazard Freres & Co. will be assisting in the process. The company
expects the process to take several months. Kaman has not had any
discussions with any party to date, and there are no guarantees
that any transaction will result from this process.
Kaman noted that there has been widespread consolidation in the
defense sciences industry, which is leading to fewer, larger
contractors, with contracts that are larger in size and longer in
duration. It is expected that Kaman Sciences, while experiencing
significant growth over the past few years, will be competing with
increasingly larger companies in the future. Size in this
particular segment of the defense market will be critical. The
company noted that it may be most advantageous to align Kaman
Sciences with another company with synergy in the scientific field
and the resources to support the longer-term growth of Sciences'
work.
Kaman Sciences, based in Colorado Springs, Colo., provides software
support, scientific research and advanced systems for the Air
Force, Navy, Army and other government agencies and commercial
organizations. With revenues of $150 million, the company employs
1,200 in Colorado Springs, Alexandria, Va., and several other
locations.
Kaman Corp., based here, is a diversified company providing high
technology products and services to industrial, commercial and
defense markets.
###
Contact:
J. Kenneth Nasshan
(860) 243-7319
Email: [email protected]
Internet: http://www.kaman.com
<PAGE>
