MOOG RECEIVES $9.5 MILLION BAE-SYSTEMS CONTRACT

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MOOG RECEIVES $9.5 MILLION BAE-SYSTEMS CONTRACT
20 November 2002 - Moog Controls

Moog Inc. announced today that it has received its second contract of several that are expected to total more than $140 million for the System Development and Demonstration Phase of the F-35 Joint Strike Fighter. In this contract, BAE Systems has signed an agreement with the company for a wingfold actuation system with a value of $9.5 million. The contract calls for non-recurring engineering, data, qualification, support, and five shipsets of flight test hardware. Delivery of this hardware will be in 2005.

There will be two of Moog's patented 'Splinelock' wingfold actuators on each of the planned 480 Navy version aircraft, one per wing. The actuators reduce the tip to tip distance of the wing by translating each tip from a horizontal to a vertical plane, thereby allowing the planes to be stored on both the main and lower decks of an aircraft carrier.

The F-35 Joint Strike Fighter program is the principal focus of the U.S. Department of Defense's initiative to define cost-effective, next generation strike aircraft weapon systems for the U.S. Air Force, Navy, Marines, and U.S. allies. Current plans indicate the program will be operational in 2008. The JSF program is expected to result in the delivery of over 3000 aircraft.

The single-engine F-35 will be manufactured in three versions: a conventional takeoff and landing variant for the U.S. Air Force, an aircraft carrier version for the U.S. Navy, and a short-takeoff/vertical landing version for the U.S. Marine Corps and Royal Navy.

Lockheed Martin Aeronautics Co., a business area of Lockheed Martin Corp., is developing the F-35 along with principal partners Northrop Grumman and BAE Systems, as well as overseas countries including the United Kingdom, Italy, the Netherlands, Turkey, Canada, Denmark, and Norway.

'We're delighted to have the opportunity to work with BAE Systems on this next generation aircraft,' said R.T. Brady, Chairman and CEO.

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, launch vehicles, missiles and automated industrial machinery.

http://www.moog.co.uk

About: Moog Controls
Moog Controls started life in the UK in October 1965 as Moog Hydra-Point, based in Cheltenham, England. This new subsidiary was set up to manufacture and market the Moog Hydra-Point machines in the UK, South Africa and European common market.

Nearly 40 years later, not only does MCL manufacture a suite of products for motion control applications, they are also active in the design and development of new and innovative solutions for precision control problems. Our team of highly skilled engineers can provide project support to assist our customers in the performance of a wide variety of applications including, motion simulators for training and entertainment, industrial gas turbine controls, plastics machinery controls, heavy industry, metal forming & pressing, and commercial and military ground vehicle controls.

All Moog subsidiaries are represented by regional sales engineers backed by comprehensive product and engineering support teams. Add to this the global presence of Moog and you are ensured a competent partner to deliver and service you and your customers needs.

MCL employs over 270 people on its Tewkesbury site, accommodated in 3 buildings, producing over 21,500 servovalves per annum.

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