19-Jan-2023 Source: HeliHub.com
Kaman have announced the next phase in its portfolio reshaping efforts to optimize its cost structure, focus resources on the most compelling growth opportunities, improve financial performance and position Kaman to deliver sustainable shareholder value.
As part of a company wide announcement, they included the following
Over the past 30 years, Kaman has designed and produced 60 K-MAX® helicopters with unmatched precision and efficiency for industries such as firefighting, construction and emergency response. However, the Company determined that given low demand and variation in annual deliveries, coupled with low profitability and large working capital inventory requirements, K-MAX® does not deliver the most compelling growth opportunity for Kaman going forward. As such, Kaman will discontinue K-MAX® and K-MAX TITAN production this year. Kaman will continue to support the existing K-MAX® fleet in operation, including providing operators with repair, spare parts, and fleet services as well as training.
Helicopter market intelligence company Parapex Media notes that 16 K-Max helicopters have been written off in accidents, and a further two are damaged and will reportedly be rebuilt. Of the MSNs issued by Kaman to date, the highest is #57, which includes one ground-test airframe.
Kaman had previously stopped production in 2004 after building 38 examples, and did not restart the line until 2017 after receiving a batch of commitments which allowed them to reopen the line.