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| Memorandum of agreement announced by Moog |
07 June 2005 - Moog Controls
Moog Inc. announced today the signing of an agreement to acquire FCS Control Systems. FCS is a designer and manufacturer of high-fidelity electromechanical and electrohydraulic flight and vehicle simulation equipment, and structural test systems that are supplied to the aerospace and automotive markets. |
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| Moog announces three-for-two stock split |
09 March 2005 - Moog Controls
Moog Inc. announced today that its Board of Directors has approved a three-for-two split of both its Class A and Class B common shares. The split will take the form of a 50% share distribution payable on April 1, 2005 to shareholders of record on March 18, 2005. As a result of the split, shareholders will receive one additional share of stock for every two shares they hold on the record date. |
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| Harald Seiffer is elected New Officer by Moog |
14 January 2005 - Moog Controls
Mr. Seiffer started his career as an electronics apprentice at Hewlett Packard in Boblingen, Germany. In 1989, he received a Masters degree in Electronics Engineering from the University of Stuttgart. Mr. Seiffer first joined Moog in 1989 as an Application Engineer for electrical drives. |
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| Moog Inc. announces closing of sale of senior subordinated notes |
11 January 2005 - Moog Controls
Moog Inc. announced today that it has closed its public offering of $150 million aggregate principal amount of its 6¼% senior subordinated notes due 2015. The net proceeds to Moog from the offering were approximately $147 million and will be used to repay indebtedness under its bank credit facility. All of the 6¼% senior subordinated notes were offered by Moog pursuant to a prospectus supplement under Moog's existing shelf registration statement. |
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| Pricing of senior subordinated notes is announced by Moog |
06 January 2005 - Moog Controls
Moog Inc. announced today that it has priced its public offering of senior subordinated notes. Moog has agreed to sell $150 million of its senior subordinated notes due 2015 at an interest rate of 6.25%. The net proceeds to Moog from the offering are expected to be approximately $147 million and will be used to repay indebtedness under its bank credit facility. Moog expects that the notes will be issued on Monday, January 10, 2005, subject to customary closing conditions. Banc of America Securities LLC is the sole manager for the offering. |
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| Moog introduces new radial piston pump with digital control |
04 January 2005 - Moog Controls
Moog is introducing a new version of its popular Radial Piston Pump (RKP) with digital control and a fieldbus interface. |
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| Moog Inc. announces offering of senior subordinated notes |
03 January 2005 - Moog Controls
Moog Inc. announced today a public offering of $120 million of its unsecured senior subordinated notes due 2015. Moog intends to use the net proceeds from the offering to repay indebtedness under its bank credit facility. |
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| $50 million contract from Airbus is announced by Moog |
24 August 2004 - Moog Controls
Moog Inc. announced today that it has been selected by Airbus Military to supply flight controls for the new-generation military airlifter, the A400M. The initial contract for approximately $50 million covers the development phase beginning immediately as well as the production of the first 180 aircraft. Deliveries are scheduled to begin in 2009 and will run through approximately 2018. This win will increase sales in future years but does not change the Company's recently disclosed outlook for its fiscal year 2005. |
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| Moog announces selection on Boeing 7E7 |
19 May 2004 - Moog Controls
Moog Inc. announced today that it has entered into a long-term agreement with the Boeing Commercial Airplanes Company to supply the primary flight control actuation system for Boeing's new 7E7 Dreamliner. The Moog system will control all of the primary flight control surfaces on the airplane, as well as the spoilers and the horizontal stabilizer. Shipsets will include 30 actuators and associated control electronics. |
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| Moog Wins Boeing's Supplier of the Year Award |
01 April 2004 - Moog Controls
Moog has won Boeing's 2004 Supplier of the Year award. |
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| Comanche Impact on Moog |
24 February 2004 - Moog Controls
Moog Inc. announced today that the cancellation of the Comanche program would have minimal impact on its financial results. Sales to date in fiscal '04 for Comanche were approximately $2 million. Sales from the program for the balance of the year were previously forecast to be less than $4 million, or less than half a percent of Moog's total sales. The company has termination clauses in its contracts for the program which will be activated if the Congress carries through on the cancellation. |
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| Larry Ball elected New Officer by Moog |
16 January 2004 - Moog Controls
Mr. Ball was formerly the President of Poly-Scientific, Division of Northrop Grumman, a position he's held since 1996. Poly-Scientific was acquired by Moog on September 30, 2003. Renamed the Moog Components Group, the $133 million operation now comprises Moog's fourth segment and is headquartered in Blacksburg, Virginia. |
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| Ray Boushie is elected by Moog to Board of Directors |
16 January 2004 - Moog Controls
Moog Inc. announced today that Raymond W. Boushie, President and CEO of Crane Aerospace and Electronics, has been elected to the company's Board of Directors. |
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| Three for two stock split announced by Moog |
15 January 2004 - Moog Controls
Moog Inc. announced today that its Board of Directors has approved a three-for-two split of both its Class A and Class B common shares. The split will take the form of a 50% stock dividend payable on February 17, 2004 to shareholders of record on January 26, 2004. As a result of the split, shareholders will receive one additional share of stock for every two shares they hold on the record date. |
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| Poly-Scientific Acquisition is closed, Updates outlook for 2004 |
01 October 2003 - Moog Controls
Poly-Sci is a manufacturer of motion control and data-transmission devices. Its principal products are electrical and fiber-optic slip rings, brushless D. C. motors, and electromechanical actuators and it employs about 1,000 people in three locations: Blacksburg, Virginia, Springfield, Pennsylvania, and Murphy, North Carolina. Poly-Sci was founded 50 years ago and was acquired in the early 1960's by Litton Industries, Inc. Litton subsequently acquired Clifton Precision and merged it with the Poly-Sci Division. Northrop Grumman acquired Litton Industries in 2001 |
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| Moog offer of Class A common stock |
11 September 2003 - Moog Controls
Moog Inc. today announced a public offering of 1.75 million newly issued shares of Class A common stock at $38.00 per share. Net proceeds to Moog from the offering are expected to be approximately $62.6 million and will be used to pay a portion of the purchase price of Moog's previously announced acquisition of the Poly-Scientific division of Litton Systems, Inc., a subsidiary of Northrop Grumman Corporation. |
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| Agreement signed to purchase assets of Northrop Grumman's Poly-Scientific Division |
15 August 2003 - Moog Controls
Moog Inc. announced today the signing of an Agreement to acquire the assets of Northrop Grumman Corporation's (NYSE:NOC) Poly-Scientific Division. Poly-Scientific is a manufacturer of motion control and data-transmission devices. Its principal products are electrical and fiber-optic slip rings, brushless D. C. motors, and electromechanical actuators. |
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| Brian Lipke is elected to Board of Directors |
06 February 2003 - Moog Controls
Moog Inc. announced today that Brian J. Lipke, Chairman and C.E.O. of Gibraltar, has been elected to the Company's Board of Directors. Gibraltar is a leading metal processor and manufacturer of building products, and the second largest commercial heat treater in North America. Gibraltar is traded on the NASDAQ (ROCK) and, like Moog, is headquartered in Western New York. Gibraltar's initial public offering occurred in 1993 and, since that time, through a series of acquisitions, joint ventures, and investments in new facilities, the company has extended its operations to 54 locations in 20 states, Canada and Mexico. |
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| Space Shuttle Impact on Moog |
02 February 2003 - Moog Controls
Moog Inc. has been a supplier to the Space Shuttle Program since the very beginning. Moog designed all of the flight control actuation for the orbiters and the thrust vector control actuation for the orbiter main engines and the solid rocket boosters. As a long-time member of the NASA Team, our sympathies today are with the families of the Columbia astronauts. |
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| Aircraft contracts worth $36 million for Moog |
15 January 2003 - Moog Controls
BAE SYSTEMS Controls awarded the company a $12.8 million contract for flight control actuation systems on the Indian Light Combat Aircraft. Work will be performed by Moog's Aircraft Group in East Aurora with the first hardware scheduled for delivery in 2004. The Indian Light Combat Aircraft is a new light-weight, multi-role, supersonic combat aircraft. |
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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. |
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| Moog receives $113 million Lockheed Martin contract for F-35 |
08 October 2002 - Moog Controls
Moog Inc. announced today that it has received a contract from Lockheed Martin Aeronautics Co. for primary flight controls on the System Development and Demonstration phase of the F-35 Joint Strike Fighter program. The order, with a value of more than $113 million, calls for delivery of hardware from 2004 through 2007. Production will begin in Moog's fiscal 2003. |
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| $26 million Boeing agreement for F-15 Korea for Moog |
05 September 2002 - Moog Controls
Moog Inc. announced today that Boeing St. Louis has signed an agreement with the company for flight controls on forty F-15's for Korea. The order, with a value of approximately $26 million, calls for delivery of hardware from 2004 through the end of 2006. Production will begin in Moog's Fiscal 2003. |
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| USAF contract for F-15 Eagle awarded to Moog |
30 May 2002 - Moog Controls
Moog Inc. announced today that the U.S. Air Force at Tinker Air Force Base in Oklahoma, has awarded the company a contract for the repair of flight control hardware. The initial order, with a value of $2.2 million, calls for repairs to Pitch and Roll Channel Assemblies and Aileron Rudder Interconnects to be performed within a one-year period. Long-term follow-on options with an additional value of nearly $10 million extend through the year 2007. |
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| Moog purchases controlling interest in TSS |
01 April 2002 - Moog Controls
Moog Inc. announced today that it has acquired eighty-one percent of the stock of Tokyo Precision Instruments Co. Ltd. from Mitsubishi Electric Corporation and other shareholders. Located near Nagoya, Japan, TSS was founded in 1953 and is a manufacturer of high-performance servovalves, hydraulic systems, and pneumatic components. While the company's market is predominantly in Japan, it also exports to the United States and other countries. Sales for TSS for the latest 12 months were about $8 million. |
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| Moog Inc. announced today that it has elected Jay Hennig as Vice President of the company |
07 February 2002 - Moog Controls
Jay began his career at Moog in 1979 working first in the Aerospace Group as a test technician. He soon became a sales engineer in the Industrial Group and then Marketing Manager for radio controls. In the early '90s, he was made Director of Sales and Programs for the Space Products Division. In 1997, Jay became General Manager of Moog's Chatsworth Operations in California, a facility that designs and manufactures high-performance satellite mechanisms. Recently, he returned to East Aurora as General Manager of the Space Systems Group, the position he holds today. In addition, he is a member of Leadership Buffalo's Class of 2002. A graduate of Buffalo State, State University of New York, Jay holds a Bachelor's degree in mechanical engineering technology. He and Kati, his wife, live in East Aurora with their two children. |
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| Best fluid power product of the year award is won by Moog |
09 January 2002 - Moog Controls
Moog Inc. announced today that Design News has named Moog's new digital interface servovalve, developed by its German company, as the best fluid power product of 2001. A wide variety of machine manufacturers in industries like die-casting and injection molding will be able to use the servovalve's more precise control, improved axis coordination, and faster response time to advance their system architecture. The improvement is analogous to a move from mainframe computing to networked personal computers. |
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| Moog Prices public stock offering |
15 November 2001 - Moog Controls
Moog Inc. announced today that it has priced its previously announced offering of Class A shares at $21.00 per share. The offering consists of 1,980,000 new shares sold by the company and 20,000 existing shares sold by the Seneca Foods Foundation. The underwriters may also purchase up to an additional 300,000 shares to cover over-allotments. The offering is managed by Merrill Lynch & Co., Credit Suisse First Boston, and SG Cowen & Company and is scheduled to close on November 20, 2001. |
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| Space products from Tecstar acquired by Moog |
26 October 2001 - Moog Controls
Moog Inc. announced today that it has acquired the assets associated with the Satellite and Space Vehicle product lines of the Electro Systems Division of Tecstar, Inc. Tecstar's Electro Systems Division, headquartered in Durham, North Carolina, is a manufacturer of electromechanical equipment for aircraft and spacecraft. ESD was formed in 1941 as a division of the Sperry Corporation. It later became part of Honeywell, Inc., and in 1996 was sold to Tecstar. In the late 60's, as a division of Honeywell, ESD entered the market for space products as a producer of antenna pointing mechanisms and solar array subsystems. Today, ESD has strong customer relationships with Honeywell, Boeing (formerly Hughes), Lockheed Martin, Orbital Sciences, and the Kodak Corporation. The products closely parallel those of Moog's Chatsworth, California, operations. As a result, there are natural opportunities for achieving substantial synergy. Moog will take on the key members of Tecstar's technical staff, but over the next six months, the production of the ESD product line will transfer from Durham to Moog's facility in Chatsworth. |
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| Three-for-Two stock split completed by Moog |
24 September 2001 - Moog Controls
Moog Inc. announced today that its shares began trading on September 24, 2001 on a split-adjusted basis. The previously announced three-for-two split, which is in the form of a 50% stock dividend for both Class A and Class B common shares, was payable on September 21 to shareholders of record on September 7. The closing Class A share price on September 21 was $32.24, which on a split-adjusted basis is $21.49. The closing Class B share price was $40.75, which on a split-adjusted basis is $27.17. |
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| Moog to offer Class A common stock |
16 August 2001 - Moog Controls
Moog Inc. announced today that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed public offering of 2.586 million Class A common shares that includes 2.175 million shares to be sold by the Company, 73,885 by certain selling shareholders and an additional 337,328 shares that may be purchased by the underwriters from the company to cover over-allotments. Moog currently has, in total, approximately 8.7 million Class A and Class B common shares outstanding. |
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| $48.2 million contract for Space Shuttle awarded to Moog |
18 June 2001 - Moog Controls
Moog Inc. announced today that United Space Alliance, LLC (USA) of Cape Canaveral, Florida has awarded the Company a five-year long-term contract for $48.2 million to refurbish the flight control hardware for the Space Shuttle. USA is a Limited Liability Company jointly owned by the Boeing Company and Lockheed Martin Corporation. Established in 1996, USA is NASA's prime contractor for the Space Shuttle program. |
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| Moog closes on Perkinelmer space valve product line |
13 June 2001 - Moog Controls
Moog Inc. announced today that the company closed on an acquisition from PerkinElmer Fluid Sciences of the principal assets associated with their Space Valve Product Line, formerly known as Wright Components. The business has annual sales of $3 million in the design and manufacture of solenoid and pressure operated valves for satellites, launch vehicles and manned space flight applications. This is a well-established product line, particularly with manufacturers of thrusters for satellite propulsion, one of Moog's major market concentrations.
Moog will relocate the product line from PerkinElmer's facility in Phelps, New York to the Systems Group in East Aurora, New York. |
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| $12 million in contracts is awarded by Moog by Hagglund |
20 February 2001 - Moog Controls
Moog Inc. announced today that Hägglund Vehicle AB, located at Oernskoeldsvik, Sweden, has awarded Moog GmbH two long-term contracts for dual axis gun aiming systems. The contracts, with a value of approximately $12 million, call for the systems to be delivered beginning in September 2001 and continuing through 2005. The hardware will be manufactured in Moog's German facility. |
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| Moog closes on Bosch radial piston pump product line |
02 February 2001 - Moog Controls
Moog Inc. announced today that the company closed the deal on its acquisition from Robert Bosch GmbH of the principal assets associated with the Bosch Radial Piston Pump product line. The business has annual sales of $21 million in the design and manufacture of pumps that are often used in combination with Moog's industrial servovalves. This is a well-established product line, particularly with manufacturers of injection molding machines, one of Moog's major market concentrations. Therefore, this acquisition complements Moog's strategy of supplying customized sub-systems to the dominant machine manufacturers in target markets. |
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| Whitton Technology Limited is purchases by Moog |
25 January 2001 - Moog Controls
Moog Inc. 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. |
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| US Army Aviation & Missile Command in Alabama awards Company contract for pitch trim actuators |
13 December 2000 - Moog Controls
Moog Inc. announced today that the U.S. Army Aviation and Missile Command in Redstone, Alabama has awarded the Company a long-term contract for pitch trim actuators. The initial order, with a value of $7.5 million, calls for the actuators to be delivered beginning in 2001 and continuing through 2002. Subsequent orders could follow-on through the year 2005 and could result in as many as 750 units with a total potential value of $27 million. The contract award solidifies Moog's previously published sales forecast of $682 million for fiscal 2001. |
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| Moog agrees to buy Bosch Pump business |
07 November 2000 - Moog Controls
Moog Inc. announced today the acquisition from Robert Bosch GmbH of the principal assets associated with the Bosch Radial Piston Pump product line. This business has annual sales of approximately $20 million in the design and manufacture of pumps that are often used in combination with Moog's industrial servovalves. This is a well-established product line, particularly with manufacturers of injection molding machines, one of Moog's major market concentrations. Therefore, this acquisition complements Moog's strategy of supplying customized sub-systems to the dominant machine manufacturers in target markets. |
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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. |
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| Schenck Pegasus servovalve business acquired by Moog |
11 August 2000 - Moog Controls
Moog Inc. announced today that it has acquired the Industrial Servovalve business of the Schenck Pegasus Corporation in Troy, Michigan. Schenck Pegasus is a subsidiary of Carl B. Schenck A.G., Darmstadt, Germany. |
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| Moog opens Servovalve Com Portal |
27 April 2000 - Moog Controls
Moog Inc. announced today that it has released a new website at http://www.servovalve.com Constructed as a complement to Moog's original website the new site functions as a portal to a state-of-the-art engineering knowledge base. |
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| Moog named supplier of the year by Boeing |
29 February 2000 - Moog Controls
At its annual meeting today, Moog Inc. announced that Boeing Commercial Airplanes Group recently named it a 1999 'Supplier of the Year.' 'Throughout our history, Moog has sought to be the world's best supplier of flight control actuation,' said R. T. Brady, Chairman and CEO. 'An award like this from Boeing is rewarding recognition that we're making good progress.' |
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| Moog elects two new officers |
25 February 2000 - Moog Controls
Marty began his career at Moog in 1980 working first in the Aerospace Sales Group and then in Motion Systems. He became a sales manager in the Space Products Division and then in Electronics and Systems. In 1993, he became General Manager of Moog GmBH in Germany. He returned to the United States in 1996 as General Manager of Moog's Industrial Controls segment, a position he holds today. He also serves as Chairman of the Board for Moog's Hydrolux business in the United States and Luxembourg. Marty is a graduate of Canisius College and holds an MBA from St. Bonaventure University. He and Sarah, his wife, reside in Elma with their two children.
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| Acquisition of Montek is complete |
31 January 2000 - Moog Controls
Moog Inc. announced today the completion of its acquisition of Raytheon Aircraft Montek Company, a subsidiary of Raytheon Aircraft Corporation located in Salt Lake City, Utah. Montek has current revenues of about $90 million per year. The sale price was approximately $160 million and will be financed with a new five year bank credit facility. |
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| Moog Inc. Announces Level III Software Engineering Rating |
20 January 2000 - Moog Controls
Moog Inc. announced its qualification to Level 3 of the Carnegie Mellon Software Engineering Institute Capability Maturity Model for software. The rating, a key discriminator and a requirement for some new business pursuits, followed a rigorous five-day audit of the Company's engineering and support activities and of representative flight critical programs. |
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| Moog Inc. announced its qualification to Level 3 of the Carnegie Mellon Software |
20 January 2000 - Moog Controls
Moog Inc. announced its qualification to Level 3 of the Carnegie Mellon Software Engineering Institute Capability Maturity Model for software. The rating, a key discriminator and a requirement for some new business pursuits, followed a rigorous five-day audit of the Company's engineering and support activities and of representative flight critical programs. |
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| Maskrey EVP and COO is elected by Moog |
10 January 2000 - Moog Controls
Mr. Maskrey joined Moog in 1964. He began his career at Moog working in new product development and has been involved in the development of aircraft flight controls, including the F-15 fighter and the B-2 bomber, and has worked on industrial control systems, as well. In 1985, Mr. Maskrey was promoted from Chief Engineer to Vice President and General Manager of what is now the Aircraft Group. In 1998, he became a Director of the Company. |
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| Long term contract for train tilt actuation awarded to Moog |
07 January 2000 - Moog Controls
Moog Inc. announced today that CAF, Construcciones y Auxiliar de Ferrocarriles S.A. of Beasain, Spain, has awarded Moog's German subsidiary a long- term contract for train tilting actuation systems with a total value of up to $20 million. CAF is one of the world's leading manufacturers in the international railroad industry, supplying U.S., European, Asian and South American transportation systems. Sixty-five percent of CAF's revenues are from exports including suburban, high-speed, and long-distance trains. |
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| Bombardier contract won by Moog |
04 January 2000 - Moog Controls
Moog Inc. announced today that Bombardier, the third largest builder of commercial aircraft in the world and the world's leader in business jets and regional airliners, has awarded Moog's Aircraft Group the contract for the flight control actuation system and associated electronics on Bombardier's new Continental Business Jet BD-100 program. |
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