Moog Inc - Company Profile
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Business Description
Moog Inc (Moog) is a global designer, manufacturer, and systems integrator specializing in high-performance precision motion and fluid controls and control systems. The company serves a wide range of applications in aerospace, defense, and industrial markets. The company has principal manufacturing facilities in the US and several other countries, including the UK, Germany, and China
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R&D Overview
Moog has been significantly involved in research and development activities. The company maintains a patent portfolio of issued or pending patents and patent applications worldwide, including the US, Europe, China, Japan and India. These patents relate to various fields such as electrohydraulic, electromechanical, electronics, hydraulics, components, and methods of operation and manufacture as related to motion control and actuation systems. The portfolio also includes patents related to wind turbines, robotics, vibration control, and medical devices. The patent portfolio related to certain medical devices is significant to the company's position in this market as several of these products work exclusively together, providing future revenue opportunities. The company's R&D unit is the Hybrid Motion Solutions (HMS), a joint venture in the Industrial Systems segment in which the company holds a 50% ownership interest. HMS specializes in hydrostatic servo drives and leverages synergies to enter new markets. The joint venture focuses on research and development, design and assembly, as well as service. In FY2024, the company spent US$113 million on R&D, which as a percentage of revenue stood 3.1% and increased 5.6% YoY.
Business Segments
Overview
Designs, manufactures, and integrates primary and secondary flight-critical control systems and products for various commercial aircraft, including widebody, narrowbody, business jets, and regional jets. It serves both OEM and aftermarket customers. In FY2024, the segment’s capital expenditure stood US$29.4 million, which decreased 3.4% YoY.
Performance
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Overview
Provides customized, high-performance motion control components and systems for industrial automation, medical, simulation and test, and energy applications. It serves industries such as heavy industrial machinery, medical equipment, and energy exploration. In FY2024, the segment’s capital expenditure stood US$24.2 million, which decreased 21.9%.
Performance
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Overview
Designs, manufactures, and integrates primary and secondary flight controls, mission-critical actuation systems, and products for military fixed-wing aircraft and rotorcraft. It serves both OEM and aftermarket customers, including programs like the F-35 Joint Strike Fighter and Textron Bell FLRAA. In FY2024, the segment’s capital expenditure stood US$53.7 million, which grew 15.3% YoY.
Performance
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Overview
Manufactures critical defense components and motion-control systems used in defense vehicle platforms, missile systems, naval ships, submarines, space launch vehicles, satellites, and spacecraft vehicles. In FY2024, the segment’s capital expenditure stood at US$48.6 million, that decreased 25.3% YoY.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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