WEBSTER FIELD, Md., July 31, 2012 /PRNewswire/ -- For the second time this year, the U.S. Marine Corps has approved the deployment extension of K-MAX Cargo UAS, the first unmanned helicopter to deliver cargo and resupply troops in a combat zone.
By supplying forward operating bases with K-MAX instead of ground convoy or manned aircraft, the Marine Corps has reduced the threat posed to personnel by improvised explosive devices by thousands of hours.
Earlier this year, the Marine Corps requested the aircraft, a joint effort by Lockheed Martin (NYSE: LMT) and Kaman Aerospace (NYSE: KAMN), stay in theater through September 30, the end of this fiscal year. Today's announcement extends K-MAX service in Afghanistan for an additional six months and includes an option to extend its time through September 2013."K-MAX has proven its value as a reliable cargo resupply aircraft and an asset that saves lives," said Vice Adm. David Architzel, commander of Naval Air Systems Command, which manages the K-MAX program for the Marine Corps. "The use of this aircraft eliminates the need for manned ground convoys, reducing the number of our warfighters exposed to improvised explosive devices." The K-MAX program, developed to satisfy a Joint Urgent Operational Need Statement generated by the Marine Corps in 2010, has flown 485 sorties, 525 hours and lifted more than 1.6 million pounds of cargo since it arrived in theater in November 2011. In May, the aircraft performed a historic "hot hook-up," enabling personnel to attach cargo to the unmanned aircraft while in hover mode. That capability is now used regularly to perform retrograde missions (when cargo is carried on the return flight as well), increasing the efficiency of the K-MAX. Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs about 120,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation's net sales for 2011 were $46.5 billion. Kaman Helicopters is a division of Kaman Aerospace Corporation, a subsidiary of Kaman Corporation (NYSE: KAMN). Founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut. Kaman 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. The company is also a leading distributor of industrial parts, and operates nearly 200 customer service centers and five distribution centers across North America. For additional information, visit our web sites: http://www.lockheedmartin.com/ms2 http://www.kaman.com SOURCE Lockheed Martin
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV