is close to completing a new agreement that would transition the manufacturing and assembly process for two major sections of its flagship 747-8 aircraft to an external supplier, Kaman Corp. said Thursday, Nov. 21.
Kaman, an aerospace manufacturer based in Bloomfield, Conn., has entered into a new Memorandum of Agreement (MOA) with Boeing
Canada (Winnipeg Division) to begin manufacturing two major sections of the 747-8 Wing-to-Body Fairing. Depending on production rates, the MOA has a potential value of more than $60 million.
"We have a long and mutually beneficial relationship with Boeing, having supplied various structures to them for more than three decades. We believe this product is the beginning of an enhanced relationship that could lead to further off-load opportunities," said Neal Keating, president and CEO of Kaman Corp.
The two companies expect to complete the contract in December, with Kaman scheduled to begin delivering assemblies in 2014.