I can`t say I`m suprised by it, with the recent take-over from Fender.
They are currently moving Guild into the Ovation factory, and having knowledge of the building, I was wondering where they were going to house that line.
For those who don`t know: Charley Kaman invented the Ovation "round back" guitar in `69, using his knowledge of frequency vibration within helicopter blades, and applying it to guitar.
He is responsible for the helicopter`s success. Sikorski invented the heli, but couldn`t make it work. Charley stepped in and made it fly correctly.
The aerospace industry was where Charley found success, but music was his first love. He was the guitarist for the Tommy Dorsey Band (big band in the `30`s).
I find it amazing that he entered the guitar industry at all with the riggors of running kaman Aerospace. He did it out of his passion for guitar.
He also founded Fidelco, a non profit organization for the training of guide dogs for the blind.
A brilliant human being he is!