News & Events
Corporate Press Releases - 2008
Results 1-14 of 14
Moog Announces Airbus A350 XWB Award
14 November 2008East Aurora, NY, Moog Inc. (NYSE: MOG.A and MOG.B) announced today that its Aircraft Group was selected by Airbus to supply flight control actuation for the A350 XWB (extra wide-body) high lift system. The A350 XWB family is Airbus' response to widespread market demand for a series of highly efficient, medium-capacity, long-range, wide-body aircraft. Moog will supply the trailing edge actuation system including the power control unit, inboard and outboard geared rotary actuators, gearboxes, wing tip brakes and other miscellaneous components.
Moog Announces Share Repurchase Program
30 October 2008East Aurora, NY, Moog Inc. (NYSE: MOG.A and MOG.B) announced today that its Board of Directors has authorized a share repurchase program. The program permits the Company to buy up to one million common shares, whether Class A or Class B shares, in open market or privately negotiated transactions at the discretion of management.
Moog Reports Year-End Earnings Per Share Up 18%
30 October 2008East Aurora, NY, Moog Inc. (NYSE: MOG.A and MOG.B) today announced net earnings of $119 million and earnings per share of $2.75, an increase of 18% over last year. Sales for the year of $1.903 billion were up $345 million or 22% over the previous year. Sales increases were very strong in all five of the Company’s reporting segments.
Moog Unifies Its Medical Device Products and Companies Under One Brand
8 October 2008East Aurora, NY, Moog Inc. (NYSE: MOG.A and MOG.B) announced today that Curlin Medical and ZEVEX are adopting the Moog brand name. The organizations and product lines will be united to provide comprehensive access to an expanded product portfolio within a single, well-established company.
Moog Supplying Integrated Flight Control System on Gulfstream G250
6 October 2008East Aurora, NY, Moog Inc. (NYSE: MOG.A and MOG.B) announced today that the Company was selected by Gulfstream Aerospace, a wholly owned subsidiary of General Dynamics, and Israel Aerospace Industries as the complete flight control system supplier for the Gulfstream G250 business jet. The Company has been working on design and development activities since 2007.
Moog Announces Industrial Systems Acquisition
3 October 2008East Aurora, NY, Moog Inc. (NYSE: MOG.A and MOG.B) announced today that the Company has agreed to acquire Berkeley Process Control, Inc. of Richmond, California in a $14 million cash transaction. Berkeley’s motion control software and hardware automates the precise handling of semiconductor wafers and enhances the speed, quality and safety of welding in the oil & gas market and in nuclear fuel canisters.
Moog's Third Quarter EPS Increased 22%
25 July 2008East Aurora, NY, Moog Inc. (NYSE: MOG.A and MOG.B) announced today third quarter earnings of $31.1 million, or $.72 per share, an increase of 22% over $.59 per share a year ago. On a year-to-date basis, Moog’s earnings per share were $2.02, up 17% from $1.72 in the year previous.
Moog Selected to Provide Leading Edge Driving Simulator for Ferrari Formula 1
18 June 2008East Aurora, NY, Moog Inc. (NYSE: MOG.A and MOG.B) announced today that Ferrari has placed an order for the engineering, design, development and deployment of a next-generation driving simulator to be located at Ferrari’s headquarters in Maranello, Italy. The system includes a driving simulator featuring a customized motion control solution with combined motion mechanism, control loading system, complete software package, top platform and a dedicated operator workstation.
Moog Announces Investment in Wind Energy Business
12 June 2008East Aurora, NY, Moog Inc. (NYSE: MOG.A and MOG.B) announced today that it has acquired 40% ownership of privately held LTi REEnergy GmbH of Unna, Germany for €18 million (approximately $28 million) from available cash balances. The Company expects to acquire the remaining 60% in twelve months subject to conventional conditions of closing.
Moog Inc. Announces Pricing of Offering of Senior Subordinated Notes
28 May 2008East Aurora, NY, May 28, 2008, Moog Inc. (NYSE: MOG.A and MOG.B) announced today that it has priced its offering of $200 million 7¼% senior subordinated notes due 2018. The final terms of the notes reflect an increase of $50 million over the amount announced in Moog’s initial press release dated May 27, 2008. The notes will be issued at par and will mature on June 15, 2018. Interest on the notes will be payable semi-annually on June 15 and December 15 of each year, with interest to be paid beginning December 15, 2008. The notes are unsecured senior subordinated obligations of Moog. The net proceeds to Moog from the offering are expected to be $196.3 million and will be used to repay indebtedness under its bank credit facility. Moog expects that the notes will be issued on June 2, 2008, subject to customary closing conditions.
Moog Inc. Announces Offering of Senior Subordinated Notes
27 May 2008East Aurora, NY, May 27, 2008, Moog Inc. (NYSE: MOG.A and MOG.B) announced today an offering of $150 million in aggregate principal amount of senior subordinated notes due 2018 to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933. Offers to persons outside the United States will be made pursuant to Regulation S under the Securities Act. Moog intends to use the net proceeds of the offering to repay indebtedness under its senior bank credit facility.
Moog Announces Acquisition in Space and Defense Segment
2 May 2008East Aurora, NY, Moog Inc. (NYSE: MOG.A and MOG.B) announced today the acquisition of the stock of CSA Engineering Inc. (CSA) for $14.8 million, including $12.8 million in cash and a $2 million note. CSA is a privately held Mountain View, California, company specializing in systems for vibration suppression, precision motion control and dynamic testing of structures.
Moog's Second Quarter EPS Increases 16%
29 April 2008East Aurora, NY, Moog Inc. (NYSE: MOG.A and MOG.B) today announced second quarter earnings of $28.6 million, a 17% increase from a year ago on sales growth of 22%. Sales for the quarter were $469 million. On a per-share basis, earnings of $.66 were up 16% compared to a year ago.
Moog Reports 9% Increase in Earnings Per Share
28 January 2008East Aurora, NY, Moog Inc. (NYSE: MOG.A and MOG.B) today announced first quarter FY 2008 earnings of $30.2 million and earnings per share of $.70, up 9% from the $.64 of last year’s first quarter. Sales of $447 million were up slightly from the year previous.
