Press Release

Issued by Kaman Aerospace Corporation.

July 5, 2022

Kaman Corporation announced today that Carroll K. Lane has been appointed a senior vice president of Kaman Corporation and president of its Air Vehicles and Precision Products divisions. Mr. Lane joins Kaman from Pratt & Whitney where he was the president of commercial engines and led the development, programme management and aftermarket operations of the company’s portfolio of large commercial engines. He succeeds Darlene Smith who is retiring at the end of the year.

Mr. Lane has expertise in P&L management, strategic planning and investor relations and has spent close to a decade at United Technologies Corporation (UTC), now Raytheon Technologies Corporation. Prior to leading Pratt & Whitney’s commercial engines business, Mr. Lane served in positions of increasing responsibility with UTC, including vice president of investor relations, vice president of Pratt & Whitney’s commercial engines aftermarket organisation and as a corporate strategy executive. Prior to joining UTC, Mr. Lane was a director with CSP Associates, an aerospace and defence advisory firm in Cambridge, Massachusetts.

“Carroll’s strong leadership, track record and expertise within the aerospace and defence industries uniquely position him to lead our Air Vehicles and Precision Products businesses as we look toward executing on the key growth strategies for our precision products and air vehicles businesses.” stated Ian K. Walsh, president and chief executive officer. “We are delighted to have Carroll join our leadership team, and I look forward to working with him as we continue to position our precision products and new autonomous flight systems capabilities to be best in class for our warfighters and commercial customers around the world.”

Mr. Lane holds an M.B.A. from Harvard Business School and a B.A. from Williams College. He also served in the United States Marine Corps as a naval aviator.