Kaman Unveils New Medium Lift UAV: the KARGO UAV Is a New Solution for Expeditionary Logisitics

Kaman Corporation (NYSE: KAMN) today unveiled the KARGO UAV, the newest addition to its family of purpose-built, autonomous unmanned systems designed to be the new standard for expeditionary logistics. Built with the U.S. Armed Forces future operating concepts in mind, the KARGO UAV offers a rugged design for easy transport and deployment. The system’s compact form-factor fits in a standard shipping container and is designed to be unloaded and operated by as few as two people.

“The Kaman KARGO UAV is the only system of its class that is purpose-built to provide deployed Marines, Sailors, Airmen, Soldiers, and Coast Guard autonomous resupply in the lethal, fluid combat environment that future military operations will entail or for regular logistics missions. Our deployed service men and woman have persistent logistics challenges that we are answering with this reliable, maintainable and affordable solution,” said Ian Walsh, CEO of Kaman Corporation.

Designed to provide cost-effective cargo hauling in its conformal pod or external sling load configuration, the KARGO UAV will self-deploy with no payload up to 523 nautical miles with max lifting capacity of 800lbs. This size and class vehicle also has multiple commercial applications and is part of a growth strategy involving a family of purpose built KARGO vehicles for multiple and repeatable missions.

Over the past six months, flight development testing of a scaled KARGO UAV demonstrator has been completed to prove out the air vehicle design, and flight-testing of a full-scale autonomous vehicle is planned for 2022. The KARGO UAV leverages commercial off-the-shelf components as well as thousands of hours of automated and autonomous flight data from Kaman’s K-MAX TITAN program, to reduce schedule and technical risk.

Kaman selected Near Earth Autonomy as a partner on the pilot KARGO UAV program. Leveraging ongoing and concurrent collaboration between the two companies on the U.S. Marines Corps K-MAX TITAN UAS, Near Earth will provide obstacle avoidance and other technologies such as precision landing, sense and avoid, and navigation in a GPS-denied environment.

“We are extremely excited to provide this advanced, game-changing technology to the market and leverage Kaman’s 75 years as a pioneer in aerospace and defense. Our vision is to propel our customers forward by imagining and delivering highly engineered products that solve our customer’s toughest problems,” stated Darlene Smith, President of Kaman Air Vehicles.

Risks Associated with Forward-Looking Statements

This release includes "forward looking statements" relating to the development and expected capabilities of the Kaman KARGO UAV. These statements are based on assumptions currently believed to be valid but involve risks and uncertainties that could cause our actual results to differ from those expressed in this release. The forward-looking statements included in this press release are made only as of the date of this release, and Kaman does not undertake any obligation to update the forward-looking statements to reflect subsequent events or circumstances.

About Kaman Corporation

Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut conducts business in the aerospace & defense, industrial and medical markets. Kaman produces and markets proprietary aircraft bearings and components; super precision, miniature ball bearings; proprietary spring energized seals, springs and contacts; complex metallic and composite aerostructures for commercial, military and general aviation fixed and rotary wing aircraft; safe and arming solutions for missile and bomb systems for the U.S. and allied militaries; subcontract helicopter work; restoration, modification and support of our SH-2G Super Seasprite maritime helicopters; manufacture and support of our K-MAX® manned and unmanned medium-to-heavy lift helicopters. More information is available at www.kaman.com.

About Near Earth Autonomy

Near Earth’s technology enables aircraft to autonomously take-off, fly, and land safely, with or without GPS. Their solutions enable aerial mobility and inspection applications for partners in the commercial and defense sectors. Near Earth bridges the gap between aerospace and robotics with complete systems that improve efficiency, performance, and safety for aircraft ranging from small drones up to full-size helicopters. Their work won the 2018 Howard Hughes Award, which recognizes outstanding improvements in fundamental helicopter technology, and was a 2017 finalist for the Collier Trophy, one of the top aviation awards in the world. More information is available at www.nearearth.aero.

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