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BLOOMFIELD, Conn., June 26 /PRNewswire-FirstCall/ -- (Nasdaq: KAMN) Kaman Corporation announced today that it has filed a universal shelf registration on Form S-3 with the Securities and Exchange Commission ("SEC"). The shelf registration is subject to review by the SEC. Upon being declared effective, the shelf registration statement will permit the Company to offer and sell from time to time, up to $200 million of equity, debt or other types of securities described in the registration statement, or any combination thereof, in one or more future public offerings.

"We believe having a shelf registration in place provides a practical and efficient way to access capital markets to pursue our growth strategy," said Neal J. Keating, Chairman, President and Chief Executive Officer. "While we don't currently have any plans to issue public debt or equity securities, the flexibility of the registration statement will provide us with an effective means to access capital if warranted as favorable market opportunities present themselves."

The Company does not currently have any commitments or intentions to sell securities. Future offerings, if any, will be made only by means of a written prospectus or other permitted documents. At that time, the Company will file a prospectus supplement with the SEC outlining the type of securities, amounts, prices, use of proceeds and other terms.

Any future offering and its specific terms will be subject to prevailing market conditions. An offering of securities covered by the shelf registration statement will be made only by means of a written prospectus and prospectus supplement. The Company currently intends to use the proceeds from any offerings under the registration statement for a variety of purposes including working capital, capital expenditures and general corporate purposes.

A registration statement relating to these securities has been filed with the SEC, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Safe Harbor Statement

All statements, other than statements of historical fact, included in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based upon current expectations and are subject to a number of risks, uncertainties and assumptions, which are more fully described in the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other reports filed with the Securities and Exchange Commission. These risks, uncertainties and assumptions could cause actual results to differ materially from those described in the forward-looking statements. The Company assumes no obligation and expressly disclaims any duty to update the information contained herein, except as required by law.

About Kaman Corporation

Kaman Corp., headquartered in Bloomfield, Conn. conducts business in the aerospace and industrial distribution markets. The company produces and/or markets widely used proprietary aircraft bearings and components; complex metallic and composite aerostructures for commercial, military and general aviation fixed and rotary wing aircraft; safing and arming solutions for missile and bomb systems for the U.S. and allied militaries; subcontract helicopter work; and support for the company's SH-2G Super Seasprite maritime helicopters and K-MAX medium-to-heavy lift helicopters. Kaman is also one of the nation's leading industrial distribution companies for power transmission, motion control, material handling and electrical components from nearly two hundred locations throughout North America.