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Kaman company history timeline

1945

Charles Kaman founded the company in December 1945 with $2,000 of capital and his invention of the servo-flap controlled rotor.

1945: Kaman Aircraft is established.

1947

The first Kaman helicopter, the K-125, lifted off the ground on January 15, 1947.

The K-125, Kaman's first helicopter, takes flight, meeting an investor's January 15, 1947, deadline.

1948

1948: Kaman introduces the K-190 helicopter.

1951

In 1951, for instance, he designed the world's first gas-turbine powered helicopter.

1951: Kaman designs the world's first gas-turbine powered helicopter.

1963

Kaman's UH-2 met the requirements and was introduced into service in 1963.

1964

In 1964, after Kaman Corporation had lost an important defense contract, the company's board began seeking ways to diversify away from government work.

1966

When Kaman played the first prototype instrument for a group of friends and co-workers to an enthusiastic response, one commented that it deserved an "ovation." The word stuck in his mind, and in 1966 Kaman Corp. formed a new company called Ovation Instruments, Inc. to market the guitar.

1966: Kaman begins making composite-material guitars through Ovation Instruments.

1966: Ovation Instruments is founded.

1968

1968: Kaman Sciences is formed.

1974

In 1974, Kaman's son, C. William Kaman II, started his career making guitars at Kaman Music Corp.

1977

In 1977, the company introduced another new product, the graphite-faced Adamas acoustic guitar, which also drew acclaim from musicians.

1981

Importantly, Kaman reopened its helicopter production line in 1981.

By 1981, Kaman Music was taking in estimated revenues of $20 million, about 3 percent of the total earned by parent Kaman Corp.

1983

Sales topped $380 million in 1983, about $6.4 million of which was net income.

1986

In 1986, Kaman Music was reorganized into two divisions.

1988

Purchase of Hamer Guitars in 1988

1989

By 1989, that division accounted for roughly half of Kaman Corp.'s revenues.

1990

In 1990, Fieldco launched an initiative to begin matching 100 teams (owner and dog) annually by the turn of the century.

1991

In 1991, the company began making "roundback" mandolins and mandocellos, and the following year saw Kaman Music acquire Trace Elliot, a British guitar amplifier manufacturer with sales of approximately $5 million.

1992

1992: British amplifier maker Trace Elliot is purchased.

In 1992, Kaman introduced the K-MAX® “aerial truck,” the first helicopter specifically designed for repetitive heavy-lift operations.

1993

As defense dollars ebbed, Kaman adjusted to the new environment by restructuring and cutting its work force to about 5,300 employees by 1993.

By 1993, in fact, music and consumer products comprised about 20 percent of Kaman's total sales.

1997

1997: Trace Elliot is sold.

In 1997, he joined other aviation greats including Charles Lindbergh, Jimmy Doolittle, Neil Armstrong and Igor Sikorsky as a recipient of the National Aeronautic Association’s Wright Brothers Memorial Trophy, the nation’s premier aviation award.

The contracts helped boost Kaman's income substantially, allowing it in 1997 to top $1 billion in annual revenue for the first time in company history.

1998

In December 1998, the company announced that it would begin searching for a new CEO. Kaman continued to serve as CEO while the search was conducted.

1999

In July 1999, the company announced that Paul Kuhn would become Kaman Corporation's new CEO. Kuhn had served previously as senior vice-president of operations for the aerospace engine businesses of Coltec Industries.

1999: Paul Kuhn becomes Kaman's president and CEO, when founder Charles Kaman retires.

2000

In February 2000, the first Adamas signature guitar was introduced, a twelve-string Melissa Etheridge model that retailed for $2,300.

2001

In March 2001, the company announced that its founder and leader for more than half a century would not be seeking reelection to its board of directors.

In Kaman's annual meeting held in April 2001, however, Kuhn told shareholders that he did not plan to sell off any of the company's businesses.

2002

In the fall of 2002, Kaman acquired ownership of Latin Percussion, Inc. of Garfield, New Jersey.

2003

2003: Speaker cabinet/amp maker Genz Benz Enclosures is acquired.

2004

In the summer of 2004, Kaman opened a new 156,000-square-foot distribution center in Portland, Tennessee.

2019

Kaman Distribution was sold to affiliates of Littlejohn & Co. on August 26, 2019.

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1945
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Kaman may also be known as or be related to KAMAN CORP, Kaman, Kaman Aerospace Corporation, Kaman Corp and Kaman Corporation.