Moog Receives Substantial Lockheed Martin Award in Support of PAC-3 MSE Contract

EAST AURORA, N.Y.--(BUSINESS WIRE)-- Moog Inc. (NYSE: MOG.A and MOG.B) has been selected by Lockheed Martin to provide custom actuators for the Patriot Advanced Capability – 3 (PAC-3^®) Missile Segment Enhancement (MSE) contract with the U.S. Army. This upcoming major contract is one of the largest in the history of Moog’s Defense Division valued at over $100 million. The award is attributed to Moog’s exemplary record of quality and on-time deliveries.

Image credit: Lockheed Martin

The PAC-3 MSE program is a critical weapon system in support of the U.S. Army, Joint Forces, and global allies designed to defend against inbound tactical ballistic missiles, cruise missiles, advanced threats and aircraft. “This award acknowledges Moog’s unwavering dedication to equipping brave warfighters and service members across the globe in defense of their homelands from ever-evolving threats. Across all our global operations, we embrace responsibility for delivering unparalleled quality product and ensuring timely and reliable support to valued customers like Lockheed Martin,” said Mike Gruver, Senior Vice President, Defense Division, Moog.

Moog electromechanical actuators ensure precision steering enabling PAC-3 MSE missiles to engage intended targets. Production for the custom actuators will occur in Moog’s Salt Lake City, UT facility. “This contract represents Moog’s critical position in the PAC-3 MSE full rate production program, where increasing global demand is necessitating a committed, affordable and reliable supply chain,” said Brian Kubik, Vice President, PAC-3 Program, Lockheed Martin.

About Moog Inc.

Moog Inc. is a worldwide designer, manufacturer, and systems integrator of high-performance precision motion and fluid controls and control systems. Moog’s high-performance systems control military and commercial aircraft, satellites, and space vehicles, launch vehicles, defense systems, missiles, automated industrial machinery, and marine and medical equipment. Additional information about the company can be found at www.moog.com.

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Defense Marketing +1 716.687.7157 defensemedia@moog.com

Investor Relations +1 716.687.4225 investorrelations@moog.com

Source: Moog Inc.

FAQ

What is the value of Moog's new PAC-3 MSE contract with Lockheed Martin?

The contract is valued at over $100 million, making it one of the largest in the history of Moog's Defense Division.

Where will Moog manufacture the PAC-3 MSE actuators?

Production of the custom actuators will take place at Moog's facility in Salt Lake City, Utah.

What is the purpose of Moog's actuators in the PAC-3 MSE system?

Moog's electromechanical actuators provide precision steering to enable PAC-3 MSE missiles to engage their intended targets.

What threats does the PAC-3 MSE system defend against?

The system defends against tactical ballistic missiles, cruise missiles, advanced threats, and aircraft.

Why was Moog selected for the PAC-3 MSE contract?

Moog was selected due to its exemplary record of quality and on-time deliveries to Lockheed Martin.