Kaman Announces $10 Million Investment In Near Earth Autonomy To Accelerate The Deployment Of Autonomous Systems

Kaman Corporation (NYSE: KAMN) announced today that it has invested $10 million in Pittsburgh, PA based Near Earth Autonomy, Inc. (“Near Earth”), in exchange for a minority interest in the outstanding equity of Near Earth and one seat on its board of directors. The investment by Kaman will allow Near Earth to accelerate its technology to establish an industry standard in autonomous solutions for the next generation of aviation. This partnership also leverages Kaman’s core competency in precision parts manufacturing as the preferred manufacturer of autonomous parts and components for Near Earth.