8.01


    
      

    


    Exhibit
      10.1

    


    LONG-TERM
      PERFORMANCE PROGRAM

    2007
      - 2009 PERFORMANCE CYCLE

    


    


    Performance
      Period

    


    This
      performance cycle approved by the Personnel and Compensation Committee at the
      November 7, 2006 meeting measures Kaman performance for the period January
      1,
      2007 through December 31, 2009.

    


    


    Participants
      and Target Awards

    


    The
      participants approved by the Personnel and Compensation Committee at the
      November 7, 2006 meeting for participation for this performance cycle and their
      target awards are:

    


    
      	
               

               

              Participant

            	
               

               

              Target
                Award

              as
                % of

              Base
                Salary

            
	 	 
	
              Paul
                Kuhn

            	
              160%

            
	
              Bob
                Garneau

            	
              110%

            
	
              Jack
                Cahill

            	
              95%

            
	
              Candace
                Clark

            	
              95%

            
	
              Bob
                Saunders

            	
              95%

            
	
              Ron
                Galla

            	
              90%

            
	
              Russ
                Jones

            	
              90%

            
	
              John
                Kornegay

            	
              60%

            


    

    


    These
      participants are designated as Covered Employees under Section 2 (j) of the
      Kaman Corporation 2003 Stock Incentive Plan.

    


    


    Performance
      Measures

    


    The
      specific performance measures and their weighting are:

    


    
      	
              Performance
                Measure

            	
              Weighting

            
	 	 
	
              Average
                return on total capital

            	
              40%

            
	
              Growth
                in earnings per share

            	
              40%

            
	
              Total
                return to shareholders

            	
              20%

            
	 	 


    

    


    Average
      return on capital will be the simple average of total return on capital achieved
      in each of the three (3) years of the performance cycle.

    


    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Growth
      in
      earnings per share will be calculated by taking the simple average of Kaman’s
      earnings per share for each of the three (3) years of the performance cycle
      and
      computing the compound growth rate of that average over the base period
      EPS. The base period EPS is the simple average of Kaman’s EPS for the years
      2004, 2005 and 2006.

    


    Total
      return to shareholders will be calculated on a dividends reinvested basis and
      will measure the change in value of an investment in Kaman shares for the period
      January 1, 2007 through December 31, 2009.

    


    Benchmark
      for Performance Comparison

    


    Kaman
      performance will be measured on a relative basis against the performance of
      the
      Russell 2000 index companies for the period January 1, 2007 through December
      31,
      2009 using the same performance measures:

    


    
      	
              •

            	
              Average
                return on total capital

            
	
              •

            	
              Growth
                in earnings per share

            
	
              •

            	
              Total
                return to shareholders

            


    

    


    In
      measuring the performance of the Russell 2000 companies, average return on
      total
      capital and total return to shareholders will be measured in the same way as
      Kaman’s performance is measured.

    


    In
      measuring growth in earnings per share for the Russell 2000 index companies,
      the
      calculation will be the same except that the base year will be the earnings
      per
      share for 2006.

    


    Determination
      of Earned Award

    


    In
      determining the actual award earned, each performance measure will be measured
      separately and the total of the three calculations will equal the total award
      earned

    


    The
      actual award earned for each performance measure will be based on a comparison
      of Kaman’s performance as compared to that of the Russell 2000 index companies
      as follows:

     

    
      	
              Kaman Performance vs.
                Russell 2000 Companies

            	
              %
                of Target Award Earned

            
	 	 
	
              Below
                25th percentile

            	
              None

            
	
              25th
                percentile

            	
              25%

            
	
              50th
                percentile

            	
              100%

            
	
              75th percentile
                & above

            	
              200%

            


    

    


    The
      percent of the target award earned for actual performance between the
      25th
      and the
      50th percentile
      and between the 50th
      and
      75th percentile
      will be determined on a straight-line interpolation.

    


    All
      payments are meant to qualify as Qualified Performance-Based Awards under
      Section 15 (c) of the Kaman Corporation 2003 Stock Incentive Plan.