Company Overview
Welcome to the First Coast Tea Party
Our voices need to be heard. Check out COJ bills 2011-383 and 2011-384
Kaman has 2 locations in Jacksonville and has been a good high quality employer. Overall, the company has been in business for 60 years and meets the highest of quality standards for its products.
There is a LARGE question about the way the enterprise and Brownfield zones are being configured and if they are legitimate.
This is also another question of the taxpayer money give away programs our city has become accustomed to offering and would question whether giving a multi million dollar company tax dollars collected from the residents of the city (many of whom are having a difficult time holding home and hearth together) is appropriate or even a legal use of taxpayer money (I think it is not).
Mr. Joost has indicated on at least one bill (the one for JTA) that he will not allow Jacksonville to become another Detroit. I wonder if these give away programs are also falling under the same fallacy? We are not Detroit as we do not have a failing auto industry and a huge influx of unskilled labor moving here to work in the failing auto industry............that would eventually require welfare, but we could create at least part of the same situation of people fleeing the city if taxes continue to go up every year and the city ignors the taxpayers of our city and keeps giving our tax dollars away to highly prosperous businesses and raising taxes to cover budget short falls at the same time which was a small part of the problem in Detroit.
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Aerospace and Defense
Kaman Aerospace Corporation
Kaman Aerospace Corporation designs, manufactures, and markets helicopters, aircraft structures, and components for the commercial and military markets. It offers arm and fuzing devices for missiles and bombs; rugged mass memory systems; non-contact measuring systems for industrial and scientific use; and electro-optic systems for defense applications. The company also provides wire harness and tools; and sensors, flight termination systems, and electronic arm devices, which are used in missiles, bomb sets, rockets, and caliber ammunition. In addition, it offers electronic and mechanical engineering, and remanufacturing services. The company was founded in 1945 and is based in Bloomfield, Co...
Kaman Aerospace Corporation designs, manufactures, and markets helicopters, aircraft structures, and components for the commercial and military markets. It offers arm and fuzing devices for missiles and bombs; rugged mass memory systems; non-contact measuring systems for industrial and scientific use; and electro-optic systems for defense applications. The company also provides wire harness and tools; and sensors, flight termination systems, and electronic arm devices, which are used in missiles, bomb sets, rockets, and caliber ammunition. In addition, it offers electronic and mechanical engineering, and remanufacturing services. The company was founded in 1945 and is based in Bloomfield, Connecticut with facilities in Bloomfield, Connecticut; Wichita, Kansas; Jacksonville, Florida; and Chihuahua. Kaman Aerospace Corporation operates as a subsidiary of Kaman Aerospace Group, Inc.
Detailed Description/////////////////////home office
Old Windsor Road
Bloomfield, CT 06002-0002
United States
Founded in 1945
Key Executives
Compensation as of Fiscal Year 2010.
Key developments for Kaman Aerospace Corporation
Kaman Aerospace Corporation Reports Unaudited Earnings Results for the First Quarter Ended April 1, 2011; Provides Earnings Guidance for the Year 2011
05/5/2011
Kaman Aerospace Corporation reported unaudited earnings results for the first quarter ended April 1, 2011. For the quarter, the company's sales were $139.0 million, an increase of 42.5% from sales of $97.5 million in the first quarter of 2010. The sales increase was primarily attributable to higher sales prices and increased volume of JPF fuzes combined with $7.8 million of sales from Global Aerosystems, which was acquired in December 2010. Operating income for the first quarter of 2011 was $20.9 million, compared to $9.6 million in the 2010 first quarter. The increased operating income in the first quarter was primarily a result of improved profitability on the JPF fuze program, and year over year improvement at the company's Wichita composites facility. The company announced that its updated expectations for 2011 include sales of $550 million to $565 million and operating margins of 15.2% to 15.5%.
U.S. Navy Awards $45.8 Million Contract to Lockheed Martin Corporation and Kaman Aerospace Corporation to Prepare Unmanned K-MAX Helicopter for Deployment
12/10/2010
The U.S. Naval Air Systems Command awarded Lockheed Martin Corporation and Kaman Aerospace Corporation a $45.8 million contract for K-MAX(R) unmanned aircraft systems for a U.S. Marine Corps evaluation of unmanned cargo resupply in an operational forward deployed environment. The contract includes the delivery of two K-MAX air vehicles and three remote control ground stations to the U.S. Marine Corps for a Quick Reaction Assessment, scheduled for summer 2011. 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 also deliver more cargo to more locations in one flight than any other unmanned rotary wing aircraft. Its intermeshing rotors eliminate the need for a tail rotor and allow for significantly improved lift performance and lower maintenance costs.
Kaman Aerospace Corporation's Kaman Aerostructures Opens New Manufacturing Facility in the City of Chihuahua
11/23/2010
Kaman Aerostructures, a division of Kaman Aerospace Corporation, formally inaugurated its new state of the art manufacturing facility in the city of Chihuahua on November 10, 2010. Kaman Aerostructures' new facility will initially manufacture extrusions and sheet metal details to support the aerospace industry worldwide. Once components are completed in Mexico, the parts will be shipped either to Kaman Aerostructures' manufacturing operations in the U.S. for final assembly into structures or directly to end customers. Kaman Aerostructures plans to grow the Chihuahua facility over time and it could employ as many as 500 people with a potential investment of $10 million. Kaman Aerostructures received business and site selection support from American Industries on this project.
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These folks have been in Jacksonville in this downtown position for quite sometime and are probably more entitled to help than Ever Bank but we do not believe the program to help them is through the re designation of Enterprise zones or Brownfield zones.
brochure on enterprise zones in Jacksonville. Maps of areas are included!
http://www.coj.net/Departments/Jacksonville-Economic-Development-Commission/Docs/Business-Development/jedcbrochure6pages.aspx
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2 summary sheets on 2011-383 and 2011-384 (links to the actual bills are provided below the fact sheets on each
Bill number 2011-383
LEGISLATIVE SUMMARY SHEET
DATE : |
May 17, 2011 |
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BT or RC NUMBER: |
2011-383 |
|
|
(Administration Bills) |
|
SPONSOR (Department/Division/Agency/ Council Member): |
JEDC |
PURPOSE/ SUMMARY: Kaman Aerospace Corporation (Kaman), a division of the Kaman Corporation, is in the process of evaluating sites for expanded manufacturing operations. The proposed project would add 200 new, full-time jobs to the local market with an average wage of $46,000, more than 115 percent of the state average wage. The project proposes to invest approximately $28,000,000 in new private capital for renovations, manufacturing equipment, computer equipment, furniture and fixtures. Kaman is considering leasing a portion of an existing 280,000-square-foot facility within the Imeson Industrial Park to house the additional people, equipment, tooling, materials, and engineering space that will be required to meet the demands of new business opportunities. This project will strengthen two state and local high-impact target industries, aviation and aerospace.
The proposed amendment of the Enterprise Zone boundaries is necessary to include Kaman’s current operations at 227 Gun Club Rd. and 9410 Parker Ave., as well as 780 Whittaker Rd., Jacksonville, Florida 32218 in the Imeson Industrial Park (Imeson) and other properties not currently in the Enterprise Zone at Imeson that have potential to be job generating locations for Kaman – as well as other companies. The areas that are proposed to be removed from the Imeson Industrial Park Enterprise Zone are areas that are unusable such as rights-of-way, roads and parking lots. The Imeson Enterprise Zone total acreage count will not be increasing. The boundaries are changing to include more useable area which can positively impact many companies that choose to locate in this area. JEDC staff has met with property owners that will be affected by this change and all have been in support of the proposed amendment. JEDC staff has also notified the Jacksonville Enterprise and Empowerment Zone Board and they are supportive of the action.
No BT is required at this time as funding will be requested in the appropriate budget cycle.
SUMMARY
Bill Type and Number: Resolution 2011-383
Introducer/Sponsor(s): Council President at the request of the JEDC
Date of Introduction: June 14, 2011
Committee(s) of Reference: R, F, RCD
Date of Analysis: June 16, 2011
Type of Action: Expression of support for Enterprise Zone and Brownfields Redevelopment Area expansion; designation of oversight agency
Bill Summary: The bill authorizes submission of an application to the State of Florida for an expansion of the usable capacity of the City’s Enterprise Zone and Brownfields Redevelopment Area by the reclassification of 462 acres within the Imeson International Industrial Park, removing roadways and other undevelopable land from the Enterprise Zone designation and extending the designation to other usable properties.
Background Information: The City’s Enterprise Zone was originally designated in 1995 and in 2005 was amended to include several non-contiguous parcels in the Imeson Industrial Park, Cecil Commerce Center and on Phillips Highway in the zone. The City’s Brownfields Redevelopment Area has been defined as having the same boundaries as the Enterprise Zone. Designation as an Enterprise Zone or Brownfield Area makes properties available for certain federal and state grants, tax incentives and other enticements to development.
Policy Impact Area: Enterprise Zone expansion/redesignation
Fiscal Impact: Undetermined – makes additional developable land eligible to participate in Enterprise Zone and Brownfields Redevelopment Area incentive programs.
Link to the bill information: http://cityclts.coj.net/coj/COJBillList.asp?Bill=2011-0383
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Bill Type and Number: Ordinance 2011-384
Sponsor: Council President at the request of the Jacksonville Economic Development Commission:
Date of Introduction: June 14, 2011
Committee(s) of Reference: R; F; RCD
Date of Analysis: June 17, 2011
Type of Action: Economic Development Agreement Authorization; QTI Recommendation; Local Financial Support Commitment; REV Grant Authorization; Policy Waiver
Bill Summary: This ordinance approves and authorizes the execution of an Economic Development Agreement between the City of Jacksonville, the Jacksonville Economic Development Commission and Kaman Aerospace Corporation (“Company”), to support the expansion of the company’s operations in Jacksonville; recommending that the company be approved by the State of Florida ‘s Office of Tourism, Trade and Economic Development as a Qualified Target Industry (“QTI”) business with Enterprise Zone and High Impact Sector Bonuses, pursuant to Sections 288.106-108, Florida Statutes, and approved for a Brownfield Development bonus pursuant to Section288.107, Florida Statutes; evidencing a commitment of City support in an amount not to exceed $420,000 as the local financial support under the Qualified Target Industry Tax Refund Program payable over multiple years per guidelines set up by OTTED, with a State match of $1,680,000 (including a Brownfield bonus of $2,500 per job, High Impact Sector bonus of $3,000 per job), for a total City and State QTI amount of $2,100,000 for 200 jobs; authorizes a Recapture Enhanced Value (REV) Grant of $231,000; approves and authorizes the execution of documents by the Mayor, Corporation Secretary and JEDC Executive Director; authorizes approval of technical amendments by the JEDC Executive Director; providing for City oversight by JEDC; waives that portion of the Public Investment Policy adopted by Resolution 2006-119-A which would require creation of at least 250 new QTI wage level jobs, ten million dollars in new private capital investment, and the hiring of 10 percent of new employees from within the Enterprise Zone to be eligible for Enterprise and Brownfield bonus for the proposed project.
Background: Kaman Aerospace Corporation was founded in 1945. Headquartered in Bloomfield, Connecticut, Kaman has business units throughout the world. In 2010, Kaman Corporation reported net sales of $1.3 billion and net earnings of $38 million. A proposed expansion project would add 200 new, full-time jobs to the local market with an average wage of $46,000. The project proposes to invest approximately $28,000,000 in new private capital for renovations and manufacturing eeupment. Kaman is leasing a portion on an existing 280,000-square foot facility within the Imeson Industrial Park to house the additional people, equipment, tooling, materials, and engineering space. JEDC proposes amending the Enterprise Zone boundary within the Imeson Industrial Park area to include a greater amount of useable acreage. By adding the proposed site to the Enterprise Zone, the company will be qualified for the QTI program’s Enterprise Zone and Brownfield bonuses.
Policy Impact: Economic Development/Jacksonville Economic Development Commission
Fiscal Impact: The Economic Development Agreement commits the City to $420,000 as evidence of local financial support required under the Qualified Target Industry Tax Refund Program.
Link to the bill information: http://cityclts.coj.net/coj/COJBillList.asp?Bill=2011-0384
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PLEASE NOTE THESE ARE THE BILLS FROM THE FIRST TIME KAMAN GOT ASSISTANCE FROM THE CITY
Kaman Aerospace expanding, adding jobs
Jacksonville Business Journal - by Jessica Gellady
Date: Thursday, August 15, 2002, 1:13pm EDT
(excerpt from the article)
By 2005, the expansion could bring as many as �500 high-wage jobs,� Mallot said. High-wage is defined as more than $35,000 a year.
High wages qualify Kaman for qualified targeted industry incentives. The city pays 20 percent, and the state pays 80 percent, said Christina Langston, communications manager for the Jacksonville Economic Development Commission.
JEDC seeks companies to expand or locate on the north and northwest quadrants of Jacksonville. Mayor John Delaney�s Better Jacksonville Plan allotted $25 million to JEDC specifically for this purpose.
The city of Jacksonville will also give Kaman incentives � a �recaptured enhanced grant.� JEDC can�t say yet how much the incentives are worth, because the amounts are still being negotiated with Kaman. If they reach agreement, JEDC and City Council members must make it official. JEDC expects that to happen in September, said JEDC Executive Director Kirk Wendland.
the article is here: http://www.bizjournals.com/jacksonville/stories/2002/08/12/daily44....
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JEDC Approves Incentives for Kaman Aerospace Corporation
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