29-Sep-2009 10:13 AM

Moog closes acquisition of GE Aviation Systems

Moog Inc announced (28-Sep-2008) that it has completed the acquisition of GE Aviation Systems’ flight control actuation business for USD90 million in cash, financed with funds available under its revolving credit facility. The business, located in the UK, designs and manufactures primary and secondary flight control actuation for a number of commercial and military programs, including high-lift actuation systems for the B777 and B787 and the A330 and A380, as well as US and UK military programmes. The acquisition will be part of Moog’s Aircraft Controls segment. Updated Aircraft Controls segment FY2010 sales, including the new facility, will be approximately USD746 million. Consolidated FY2010 sales are forecast at USD2,130 million. [more]

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