Kaman Corporation
1332 Blue Hills Avenue, Bloomfield, CT, 06002, United States
Overview
Since 1945, Kaman has been a leading innovator in the aerospace industry, serving commercial and military customers around the world. Its technical expertise and broad array of solutions has helped the organization grow to become one of North America's largest industrial distributors and system consultants. The Kaman Aerospace Group serves commercial and military customers around the world and employs over 2,900 individuals at 21 global facilities. The business segment accounted for 39% of 2016 consolidated revenues, which were comprised of defense, fuzing, and commercial sales. The Kaman Distribution Group offers a broad array of solutions that have helped it grow to become on of North America's largest industrial distributors and system consultants. The division employs over 2,200 individuals at 240 locations across the United States. It accounts for 61% of 2016 consolidated revenues, which came from the Bearings & Power Transmission, Automation, and Fluid Power product platforms.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 6
Sector focus
- Aerospace
- Industrial
- Industrial Automation
- Manufacturing
- Mechanical Engineering
- Product Design
Investment portfolio
- Near Earth Autonomy
Led · Equity · Jun 2022
Near Earth Autonomy develops autonomous flight technologies including safe landing, obstacle avoidance, sense-and-avoid, GPS-denied navigation, and precision landing for aerial logistics. The company supplies autonomy software for purpose-built vehicles such as the KARGO UAV and autonomy technology for Kaman’s K-MAX TITAN. The partnership with Kaman leverages Kaman as the preferred manufacturer of autonomous parts and components. Near Earth’s technology targets both military and commercial logistics applications. The recent capital infusion is intended to accelerate technology development and advance deployment toward an industry standard for autonomous aerial logistics. Near Earth Autonomy is a Carnegie Mellon spin-out that builds autonomous aircraft systems for applications including site inspection, defense, automated cargo delivery and personal transportation (flying taxis). Its leadership and founding team—CEO and co-founder Sanjiv Singh and co-founders Marcel Bergerman, Lyle Chamberlain and Sebastian Scherer—come from Carnegie Mellon’s robotics programs. The company’s technical expertise spans collision avoidance, motion planning, and navigating without GPS to enable safe operation of autonomous drone systems. Boeing’s HorizonX has invested in the company and will partner on future-focused autonomous flight technologies, including urban mobility. The investment includes a financial stake and strategic partnership; the article does not disclose deal size or other financial terms. Near Earth Autonomy aims to apply its autonomy stack across commercial and defense markets.