Kaman increases stake in India joint venture with Kineco

Kaman Aerospace Group, a subsidiary of Kaman Corporation and Kineco Limited reported that Kaman has increased its stake in the parties’ Indian manufacturing joint venture Kineco Kaman Composites India (JV) to 49% from 26%. The Goa based JV manufactures advanced composite structures for aerospace, imaging/medical, and other industries for customers including BAE Systems, Hindustan Aeronautics Limited, and Vikram Sarabhai Space Centre. The joint venture employs more than 150 people at its composites manufacturing facility in Goa. The operation produces complex composite structures utilizing the latest carbon material and autoclave curing technology. The business has brought together Kaman’s proven manufacturing expertise and decades of aerospace composites fabrication experience with Kineco’s knowledge of local markets and advanced composites manufacturing capabilities.