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Moog Inc. (symbol: MOGA) is a prominent aerospace and defense company known for its innovative technologies and engineering solutions. Established in 1951, Moog has a rich history of providing advanced motion control systems for a variety of industries, including aerospace, defense, industrial, and medical markets.
Moog’s core business revolves around the design, manufacture, and integration of precision control components and systems. The company’s product range includes high-performance actuators, flight simulation and test equipment, and control electronics. These products play crucial roles in aircraft, space vehicles, defense systems, and industrial machinery.
Recent achievements for Moog include the development of next-generation flight control systems and significant contributions to space exploration missions. Moog's technology was integral to the success of NASA’s Mars Rover mission, highlighting the company's expertise in creating robust and reliable systems for extreme environments.
Currently, Moog is engaged in several high-profile projects, including collaboration with leading aerospace manufacturers to enhance aircraft performance and safety. Financially, Moog continues to show strong performance with stable revenue growth and healthy profit margins, supported by long-term contracts and a diversified product portfolio.
Partnerships are a key component of Moog’s strategy. The company collaborates with industry leaders to advance technology and deliver comprehensive solutions. Moog’s partnerships extend to government agencies, defense contractors, and commercial enterprises, ensuring a broad market reach.
Moog’s products are recognized for their quality and reliability. The company's dedication to research and development drives continuous innovation, maintaining its position at the forefront of motion control technology.
For investors and stakeholders, keeping up with Moog’s latest news and developments is essential. Recent updates include new contract wins, technological advancements, and strategic initiatives aimed at expanding Moog’s market presence and improving operational efficiency. Stay informed by following the latest news and reports from Moog Inc.
The Company (NYSE: MOG.A and MOG.B) has announced a quarterly dividend of $.25 per share for its Class A and Class B common stock. The total cash outflow for the dividend is estimated at $8 million. Payment will be made on August 30, 2021, to shareholders on record as of August 13, 2021. Future dividends will depend on the Board of Directors' discretion. Moog Inc. specializes in the design and manufacturing of precision control components for various industries, including military and commercial sectors.
Moog Inc. (NYSE: MOG.A, MOG.B) will announce its third quarter fiscal 2021 earnings on July 30, 2021, for the period ending July 3, 2021. A conference call will be held at 10:00 a.m. ET, hosted by Chairman and CEO John Scannell and CFO Jennifer Walter. The call will be accessible via the company’s investor relations website. Supplemental data will be made available about 90 minutes prior to the call and is archived for 30 days. Moog designs and manufactures precision control components for military and commercial applications.
Moog Inc. (NYSE: MOG.A and MOG.B) has signed an agreement to sell its Navigation Aids (Navaids) business to Thales, a segment that constitutes under 1% of Moog's annual sales. This divestiture is not expected to incur any material costs for the company. The Navaids division, based in Salt Lake City, specializes in radio frequency navigation beacons for both military and civilian uses. The agreement will proceed pending regulatory review and other customary conditions. Financial specifics of the deal were not disclosed.
Moog Inc. (NYSE: MOG.A and MOG.B) announced a significant contract with Leonardo DRS to supply 28 Reconfigurable Integrated-weapons Platform (RIwP) turrets for the U.S. Army’s M-SHORAD Inc. 1 program. This award includes 30 turrets in total, highlighting Moog's capacity to deliver nine prototypes rapidly for Army evaluation. The RIwP integrates various weapon systems, enhancing battlefield flexibility and targeting capabilities. This contract marks Moog's first record production contract for RIwP, reinforcing its position as a leading turret supplier for military applications.
Moog Inc. (MOG.A, MOG.B) has announced a quarterly dividend of $0.25 per share for its Class A and Class B common stock. This dividend will be paid on June 1, 2021, to shareholders of record as of May 14, 2021, representing an estimated cash outlay of $8 million. Future dividends will depend on the Board's discretion, influenced by various financial factors.
Moog Inc. reported second-quarter results with sales of $736 million, down 4% year-over-year. Diluted earnings per share increased by 2% to $1.51, including a $0.18 one-time pension curtailment gain. Operating margins dropped to 9.8% from 11.0% in the previous year. The company forecasts full-year sales of $2.84 billion and diluted EPS of $5.00. The Aircraft Controls segment suffered a 11% revenue drop, while the Space and Defense segment grew by 7%. Consolidated backlog reached $1.9 billion, a 5% increase.
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