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Moog Inc (MOG.B) delivers precision motion control systems for critical aerospace and defense applications worldwide. This news hub provides investors and industry professionals with official updates spanning the company segments: Aircraft Controls, Space & Defense Controls, and Industrial Systems.
Access timely reports on government contract awards, quarterly earnings disclosures, and technological advancements in flight/space systems. The curated collection serves as a strategic resource for tracking operational developments across Moog's global manufacturing and R&D initiatives.
Key updates maintain focus on verified business milestones including defense program progress, industrial partnerships, and innovation in fluid control technologies. All content adheres to financial disclosure standards while avoiding speculative analysis.
Bookmark this page for streamlined monitoring of Moog's market position through primary source materials and vetted financial communications. Regular updates ensure informed perspective on the company's role in advanced motion control solutions.
Moog Inc. (NYSE: MOG.A and MOG.B) announced that Genesys Aerosystems, a subsidiary, has achieved full civil certification for the Genesys Avionics Suite installed in the CN-235 aircraft for Indonesian Aerospace (PTDI). This suite enhances operational capabilities through features like EFIS flight displays, dual GPS receivers, and advanced autopilot systems. The CN-235 serves both military and civil roles, improving mission efficiency. This milestone reflects Genesys' commitment to delivering complex certification programs.
The Board of Directors of Moog has declared a quarterly dividend of $.26 per share for Class A and Class B common stock. This dividend will be paid on August 30, 2022, to shareholders of record by August 12, 2022. The total cash outlay for this dividend is approximately $8 million. Future dividends will be determined at the discretion of the Board.
Moog Inc. reported strong financial results for the quarter ended July 2, 2022, with sales of $773 million, a 9% increase year-over-year. GAAP diluted EPS was $1.57 (including $0.03 from restructuring charges), while non-GAAP diluted EPS rose to $1.61, up 44%. The Aircraft Controls segment led revenue growth at $318 million, a 17% increase, driven by commercial aircraft and aftermarket sales. The company maintains a $2.2 billion backlog and is projecting fiscal 2022 sales of $3.0 billion and adjusted EPS of $5.65.
Moog Inc. (NYSE: MOG.A, MOG.B) announced it will release its third quarter fiscal 2022 earnings on July 29, 2022, covering the period ended on July 2, 2022. A conference call is scheduled for 10:00 a.m. ET, featuring John Scannell, Chairman and CEO, and Jennifer Walter, CFO. The call will be accessible live online and includes a replay option. Supplemental data will be available on its website prior to the call. Moog specializes in precision control components for various applications, including military and commercial aerospace.
Moog Inc. (NYSE: MOG.A and MOG.B) has partnered with Triumph Group to service Triumph's landing gear and cargo door actuation systems for Boeing 787 aircraft within Moog’s Aftermarket Total Support Program. This four-year agreement aims to enhance support for airlines operating in the Asia Pacific region. The work will be conducted at Triumph’s facilities in Yakima, Washington, and Clemmons, North Carolina. Both companies are optimistic about setting new standards in lifecycle support for 787 operators through this collaboration.
Moog Inc. (NYSE: MOG.A and MOG.B) will showcase innovative defense solutions at Eurosatory 2022, Paris, from June 13-17, targeting an audience of 57,000 professionals. Key exhibits include the Reconfigurable Integrated-weapons Platform (RIwP) and the Flexible Missile Platform (FMP), both designed for versatile military applications. The RIwP features advanced targeting and stabilization technology, while the FMP supports various missile types. Additionally, Moog will present rotary joint/slip ring products and a compact gimbal solution, enhancing system integration capabilities for military clients.
Moog Inc. (NYSE: MOG.A, MOG.B) has formalized a partnership with Robin Radar Systems to integrate their MAX® and IRIS® radars into Moog's Digital Airfield Solutions portfolio. This collaboration enables seamless integration of bird and drone detection systems with existing FOD mitigation and pavement monitoring technologies. The combined system aims to enhance airfield safety and operational efficiency for customers, as highlighted by both companies’ executives during the announcement at the AAAE Conference in Seattle.
Moog Inc. (NYSE: MOG.A, MOG.B) announces that Genesys Aerosystems has been selected by Hindustan Aeronautics Ltd. to integrate the S-TEC 4000R Autopilot into the HINDUSTAN-228 aircraft. This advanced autopilot system will enhance operational safety and mission capabilities, adding features such as Vertical Navigation, Envelope Protection, and Search and Rescue capabilities. The partnership signifies a commitment to long-term support for HAL while introducing cutting-edge technology to the aircraft.
The Board of Directors of Moog has declared a quarterly dividend of
Moog Inc. (NYSE: MOG.A, MOG.B) reported financial results for the quarter ending April 2, 2022, achieving sales of $771 million, a 5% increase year-over-year. GAAP diluted earnings per share were $0.91, impacted by $0.59 in restructuring charges. Non-GAAP earnings rose 12% to $1.49 per share. Key segments included Aircraft Controls with $311 million in revenue and a significant 61% surge in commercial aftermarket sales. A consolidated backlog of $2.3 billion reflects a 17% growth from last year. The company updated its fiscal 2022 outlook to forecast $3.0 billion in sales.
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