UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant to Section 13 or 15 (d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 15, 2003 KAMAN CORPORATION (Exact name of issuer as specified in its charter) Connecticut 0-1093 06-0613548 (State or other jurisdictions (Commission (I.R.S. of Incorporation) File Number) Employer Identification No.) 1332 Blue Hills Avenue Bloomfield, CT 06002 (Address of principal executive offices) Registrant's telephone number, including area code: (860)243-7100 Not Applicable (Former name or former address, if changed since last report) Item 5. Other Events The Company issued a press release dated January 15, 2003 announcing that it has sold its electric motor and drive business to DRS Technologies, Inc. Terms of the sale were not disclosed. A part of the Company since 1985 and now a component of the Kaman Aerospace subsidiary, the Hudson, MA business has operated as the Electromagnetics Development Center (EDC) since July 1999. The EDC develops and manufactures high performance electric motors, generators and drive electronics for industrial and defense applications. The business employs about 65 people and will continue to operate out of its Hudson facilities. DRS develops and manufactures a broad range of mission-critical systems and components in the areas of communications, combat systems, rugged computers, electro-optics, power conversion, data storage, digital imaging, flight safety and space. Item 7. Financial Statements and Exhibits (a) Financial Statements of Business Acquired. Not Applicable. (b) Pro Forma Financial Information. Not Applicable. (c) Exhibits. The following document is filed as an Exhibit to this Report: Exhibit 99 - Press Release of the Company, dated January 15, 2003. Page 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf, by the undersigned, thereunto duly authorized. KAMAN CORPORATION /s/Robert M. Garneau Executive Vice President and Chief Financial Officer Dated: January 15, 2003 Page 3 EXHIBIT INDEX Exhibit Description 99 Press Release of the Company, dated January 15, 2003 Page 4