Moog

Moog (2)

Moog Inc. (NYSE: MOG.A and MOG.B) announced that it has acquired a 70% ownership of Linear Mold and Engineering with an option to acquire the remaining 30%. Terms of the investment were not disclosed.

The privately held company, based in Livonia, Michigan, has 120 employees and specializes in metal additive manufacturing (AM). Linear provides engineering, manufacturing and production consulting services to customers across a wide range of industries including aerospace, defense, energy and industrial.

Sales for the 12 months ended September 2015 were approximately $21 million. The acquisition is expected to be neutral to Moog’s 2016 earnings per share.

“We are excited to welcome Linear to Moog,” said Sean Gartland, Vice President of Strategic Growth Initiatives at Moog. “We see significant potential for metal additive solutions in our core markets–aerospace, defense and industrial applications–in addition to the markets and customers that Linear is already serving.” 

The financial results will be reported as part of the Aircraft Controls segment.

Moog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind turbines, marine and medical equipment.

Linear was founded by John Tenbusch in 2003 as a service-focused business and began developing specialized molds and tooling for plastic forming applications. As one of the early adopters of metal additive manufacturing (AM) in North America, the company was able to exploit the advantages it offered for enhanced product feature sets, rapid design cycles and high customization. Over the last five years, Linear has leveraged their AM design and process expertise to build an outwardly focused AM services business.

Moog Inc. (NYSE: MOG.A and MOG.B) announced today that Bob Brady, Chairman and CEO, and John Scannell, President and COO, will present at the 32nd Annual Cowen & Co. Aerospace and Defense Conference on Wednesday, February 9, 2011 at 2:45 p.m. ET.

Listeners can access the audio live over the Internet at http://www.moog.com/investors/communications/. Please allow 15 minutes prior to the start of the meeting to download and install any necessary audio software. The audio will be archived on our website for 30 days.

Moog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems.  Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind energy, marine and medical equipment.

Additional information about the company can be found at www.moog.com

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