BLOOMFIELD, Conn., May 18 /PRNewswire-FirstCall/ -- Kaman Corp.
announced today that a jury verdict was reached on May 17, 2006 in the
company's breach of contract suit against the University of Arizona. The
jury found in favor of Kaman on its claim that the University breached the
contract between the parties and also found in favor of Kaman and against
the University on the University's counterclaim for breach of contract. No
damages were awarded to either party.
Paul Kuhn, president and CEO of Kaman Corp., said: "We are gratified
that the jury has vindicated the company's position regarding the
University's breach of contract. While it is disappointing that no damages
were awarded to Kaman, there will be minimal, if any, financial statement
impact to us and we believe that this matter is now behind us."
Kaman Corp. conducts business in the aerospace, industrial distribution
and music markets.
SOURCE Kaman Corporation
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Related links: http://www.kaman.com
http://www.prnewswire.com/comp/480450.html /
CONTACT: Russell H. Jones, SVP, Chief Investment Officer & Treasurer of Kaman Corp., +1-860-243-6307, rhj-corp@kaman.com
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