Kaman Corporation KAMN recently announced a plan to restructure its Aerosystems business, for improving profitability. The move is in sync with the company’s existing initiatives to strengthen the Aerosystems business’ capacity utilization and operating efficiency.
The company, reportedly, operates under two segments, namely, Distribution and Aerospace. The Aerospace business has exhibited steady growth over time, accounting for 35.3% of total revenues in 2014 to 38.8% in 2016. Within this segment, the company deals with manufacturing of composite aerostructure, complex assembling, tooling design and manufacture, and conducting helicopter maintenance, repair and overhaul (MRO) activities.
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