US/Europe Event-Driven Analyst

John DeMasi

Event-Driven

<a href="https://www.smartkarma.com/entities/kaman-corp" target="_blank" data-smartkarma-citation="entities:17189:1" rel="noopener">Kaman Corp (KAMN US)</a> is a company with two distinct business segments, Aerospace and Industrial Distribution. Distribution is a leading distributor with 6 million SKUs serving 55,000 active customers in a broad range of industrial markets. Aerospace produces aircraft bearings and components, aerostructures for commercial and military fixed and rotary wing aircraft, arming solutions for missile and bomb systems and engineered products used in medical, industrial and aerospace markets.On June 26, 2019, Kaman announced an agreement to sell its Distribution segment to private equity firm Littlejohn &amp; Co. for $700 million cash as the culmination of a strategic review undertaken by the board of directors. Net proceeds of about $600 million will be used to pay down $100 million of the Company’s $308 million in debt, accelerate internal development efforts and pursue strategic acquisitions in engineered products market.Below I look at the business and valuation of the new, focused Aerospace pure-play company Kaman will become.

Kaman Corp (KAMN US) is a company with two distinct business segments, Aerospace and Industrial Distribution. Distribution is a leading distributor with 6 million SKUs serving 55,000 active customers in a broad range of industrial markets. Aerospace produces aircraft bearings and components, aerostructures for commercial and military fixed and rotary wing aircraft, arming solutions for missile and bomb systems and engineered products used in medical, industrial and aerospace markets.On June 26, 2019, Kaman announced an agreement to sell its Distribution segment to private equity firm Littlejohn &amp; Co. for $700 million cash as the culmination of a strategic review undertaken by the board of directors. Net proceeds of about $600 million will be used to pay down $100 million of the Company’s $308 million in debt, accelerate internal development efforts and pursue strategic acquisitions in engineered products market.Below I look at the business and valuation of the new, focused Aerospace pure-play company Kaman will become.

Kaman Corporation – Morphing into an Aerospace Pure-Play

United States

Ducommun Incorporated, through its subsidiaries, manufactures components and assemblies principally for commercial and military aircraft and space programs. The Company's products include aerostructure components, cabin interior components, metal-bond composite assemblies, switches, and other electromechanical products.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Ducommun Inc (DCO US)

Kaman Corporation – Morphing into an Aerospace Pure-Play

Kaman Corp (KAMN US) is a company with two distinct business segments, Aerospace and Industrial Distribution. Distribution is a leading distributor...

John DeMasi

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)