Kaman Corporation has agreed to sell Kaman Sciences, its defence-related sciences unit, to ITT Industries for $135 million in cash, with the deal expected to be finalised by the end of the year. Helicopter group Kaman put the sciences subsidiary up for sale in July. Based in Colorado Springs, Kaman Sciences provides software, systems and scientific research for the US military, government agencies and commercially. The unit has sales of $150 million and employs 1,200 people.
Source: Flight International
