Kaman acquires aircraft parts business

Kaman Corporation has agreed to buy Parker-Hannifin Corporation’s Aircraft Wheel & Brake divi-sion for US$440 million.

Aircraft Wheel & Brake, based in Avon, Ohio, makes in wheels, brakes and related hydraulic components for fixed-wing aircraft and rotorcraft.

“We are excited to add the experienced Aircraft Wheel & Brake management team to our organization while utilizing their leading proprietary technology and strong customer relationships,” said Ian Walsh, Kaman CEO.

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