FinancialContent is the trusted provider of stock market information to the media industry.
May 09, 2012 at 09:00 AM EDT
Deployment Extended For K-MAX Unmanned Aerial Cargo Hauler As It Exceeds Million-Pound Milestone

WASHINGTON, May 9, 2012 /PRNewswire/ -- Two unmanned K-MAX helicopters have delivered more than one million pounds in less than four months in support of the U.S. Marine Corps in Afghanistan and will remain in theater until September on a deployment extension.

The aircraft, a joint effort by Lockheed Martin (NYSE: LMT) and Kaman Aerospace (NYSE: KAMN), is the first unmanned helicopter to deliver cargo and resupply troops in a combat zone. They have been keeping a steady pace of six missions per day, with record load deliveries ranging from a single 4,200-pound sling load to 28,800 pounds lifted in a single day. During operations in Afghanistan, previously scheduled to end in June, the aircraft has met or exceeded all expectations with less than one maintenance man-hour per flight hour. As a result, the Marine Corps has extended the K-MAX deployment through the end of the fiscal year, September 30.

"K-MAX has proven its value to us in-theater, enabling us to safely deliver cargo to forward areas," said Marine Corps Maj. Kyle O'Connor, who is overseeing the deployment. "We are moving cargo without putting any Marines, soldiers or airmen at risk. If we had a fleet of these things flying 24-7, we could move cargo around and not put people in jeopardy."

"The record lift and readiness numbers we're seeing in-theater are a testament to the aircraft's rugged design and its capability to reliably perform repetitive lift autonomously," said Roger Il Grande, director of Airborne Systems for Lockheed Martin's Mission System & Systems business. "The more deliveries the unmanned K-MAX makes, the more we remove the opposition's ability to undermine our objectives with IED's, and threaten the lives of our ground forces."

The unmanned K-MAX has demonstrated its ability to carry and deliver 6,000 pounds of cargo at sea level and more than 4,000 pounds at 10,000 feet altitude.  The aircraft can carry more cargo on its four-hook carousel to more locations in one flight than any other unmanned rotary wing platform. Its intermeshing rotors eliminate the need for a tail rotor and allow for significantly improved lift performance and lower maintenance costs.

Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs about 123,000 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

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here
   
Financial Widgets

Display market data, financial news or stock quotes - Learn More

Advertising Network

Advertise on FinancialContent's huge network - Learn More

Web Services

Power your internet and wireless applications - Learn More