プレスリリース

2001年1月25日

Moog Purchases Whitton Technology Limited

Moog Inc. (AMEX:MOG/A ) announced today that it has acquired the stock of Whitton Technology Limited in the U.K., and the Industrial Gas Turbine assets of Whitton Technology, Inc. in the U.S. The Whitton Company is a designer and manufacturer of pumps and specialty products for most of the world’s major producers of industrial power generating equipment. The product line includes lube oil and fuel pumps, fuel control systems, start packs, and multi-function turbine control systems.

Whitton sales for the latest 12 months were about $5 million and current backlog stands at $5.2 million. The purchase price was $7 million in cash and assumed debt. Whitton is expected to add revenues of $6 million over the remaining 8 months of this fiscal year.

“The Whitton acquisition complements Moog’s existing steam and large frame gas turbine control business, as it focuses primarily on other key portions of this industry, including the rapidly emerging microturbine, small frame, and aeroderivative segments,“ said Martin Berardi, Vice President and General Manager of Moog Industrial.

Moog Inc. is a worldwide manufacturer of precision control components and systems. Moog’s high performance actuation products control military and commercial aircraft, satellites and space vehicles, missiles, and automated industrial machinery.