EXHIBIT 11
                       KAMAN CORPORATION AND SUBSIDIARIES
                     EARNINGS PER COMMON SHARE COMPUTATION
                    (In Thousands Except Per Share Amounts)

                                            1996     1995     1994
                                            ----     ----     ----
                                                      
Primary:                                
  Net earnings (loss) applicable                 
    to common stock                     $ 19,861  $ 15,886  $(16,897) 
                                        ========   =======   =======
 Weighted average number of common
    shares outstanding                    18,607    18,330    18,175
 Weighted average shares issuable on
    exercise of dilutive stock options       129       182       *  
                                         -------   -------   -------
    Total                                 18,736    18,512    18,175
                                         =======   =======   =======
 Net earnings (loss) per 
    common share-primary                $   1.06  $    .86  $  ( .93)  
                                         =======   =======   =======
Fully diluted:
 Net earnings(loss)applicable
    to common stock                     $ 19,861  $ 15,886  $(16,897)
 Elimination of interest expense on
    6% subordinated convertible
    debentures (net after taxes)           1,145     1,195       *        
 Elimination of preferred stock
    dividend requirement                   3,716     3,716       *        
                                         -------   -------    ------
      Net earnings(loss)(as adjusted)   $ 24,722  $ 20,797  $(16,897)
                                         =======   =======   =======
 Weighted average number of shares
    outstanding including shares
    issuable on stock option exercises    18,736    18,512    18,175
 Shares issuable on conversion of 6%
    subordinated convertible debentures    1,421     1,421       *
 Shares issuable on conversion of
    Series 2 preferred stock               4,551     4,551       *         
 Additional shares using ending market
    price instead of average market on
    treasury method use of stock
    option proceeds                           24         7       *         
                                         -------   -------   -------
    Total                                 24,732    24,491    18,175
                                         =======   =======   =======
 Net earnings (loss) per 
   common share-fully diluted           $   1.00  $    .85  $  ( .93)
                                         =======   =======   =======

*Anti-dilutive and accordingly not included in the computation.