AGREEMENT IS SIGNED TO PURCHASE EATON UNIT BY MOOG

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AGREEMENT IS SIGNED TO PURCHASE EATON UNIT BY MOOG
26 September 2000 - Moog Controls

Moog Inc. and Eaton Corporation (NYSE:ETN) today jointly announced that Moog has signed a purchase agreement to acquire the Vickers Electrics Division of Aeroquip-Vickers S.p.A., a $20 million manufacturer of high-performance electric drives located in Casella, Italy. The Casella facility employs 162.

Vickers Electric was a part of Vickers Electronics Systems when Eaton acquired Aeroquip-Vickers, Inc. in April 1999. In December, Eaton sold the VES division, with the exception of Vickers Electrics, to Siemens Energy and Automation, Inc. because the business did not fit Eaton's longer-term strategic objectives.

Founded in 1948 by the Biglino family, Vickers Electrics was sold to Phillips International in 1970 and in 1987 to Aeroquip-Vickers. Vickers Electrics has concentrated on supplying high-performance motors and drives to the Italian market for industrial machinery applications.

'Vickers Electrics has a well-developed capability in 600-volt motors and controllers, and the Casella products will be a strong complement to our existing line of electric controls,' said John Scannell, Moog's Electric Drives Business Manager.

'Italy is recognized by many as one of the most technologically-advanced markets in the world, and in addition to continuing to serve that market, Moog intends to make this new product line available on a global basis through our established network of subsidiaries,' Scannell said.

With 1999 sales of $8.4 billion, Eaton is a global diversified industrial manufacturer of highly engineered products that serve industrial, vehicle, construction, commercial, aerospace and semiconductor markets. Principal products include hydraulic products and fluid connectors, electrical power distribution and control equipment, truck drivetrain systems, engine components, ion implanters and a wide variety of controls. The company has 64,000 employees and 200 manufacturing sites in 24 countries. The Internet address for Eaton is http://www.eaton.com

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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