Kaman Corporation Celebrates Recent Transfer to the NYSE
Executives and guests of Kaman Corporation rang the Opening Bell at the New York Stock Exchange to celebrate the company’s recent transfer to the NYSE on Feb. 7, 2012. The company began trading on the NYSE under ticker symbol “KAMN.”
“We are excited to join a network of global leaders and industry innovators listed on the NYSE, including most of our customers and suppliers,” said Neal Keating, chairman, president and CEO of Kaman Corporation. “We continue to focus on creating long-term shareholder value and believe the NYSE is the right partner in those efforts.”
“We welcome Kaman Corporation to the community of NYSE Euronext listed companies,” said Scott Cutler, EVP and Co-Head of U.S. Listings and Cash Execution at NYSE Euronext. “Kaman Corporation has distinguished itself as a leader in the aerospace and industrial distribution markets with a storied history built on innovation and entrepreneurship over more than sixty-five years. We look forward to providing the company with the superior liquidity, services and advocacy outreach associated with listing on NYSE Euronext markets.”
In an interview with CNBC, Chairman, President and CEO Neal Keating discussed the innovations driving growth at Kaman and also brought up the importance of the aerospace and defense industry. Referring to the threat of sequestration, Keating said that we need to make sure the cuts don’t go through. “The aerospace and defense industry has really led innovation in this country over the last century…and also is our largest net exporter…It provides three million high paying, high skilled in the jobs in the United States and most importantly, the industry fulfils our commitment to our men and women in uniform to assure that we provide them the best equipment so they can get home safely."
Keating called both the military and industry Second to None, emphasizing the need to prevent additional cuts to the defense budget.