Moog Acquires Satellite Subsystem and Component Manufacturer Bradford Engineering B.V.
East Aurora, N.Y. (Dec. 20, 2011) - Moog Space and Defense Group, part of Moog Inc. (NYSE: MOG.A and MOG.B), has acquired Netherlands-based Bradford Engineering B.V., a supplier of Attitude and Orbit Control Systems (AOCS), propulsion, avionics and thermal solutions for spacecraft. This establishes a Moog-European base for the production of flight-proven components and subsystems for the international space industry.
"On paper we're acquiring Bradford, but the fact is we'll be relying on another equally-proven partner. This will allow us to take our technology to the next level and develop new motion control systems for the worldwide space industry," said Jay Hennig, president of Moog's Space and Defense Group. "Bradford's engineering know-how and track record with European prime contractors, and the European Space Agency (ESA), also gives us access to develop and sell our legacy space technology in Europe while offering a broader range of products."
Bradford Engineering makes pressure transducers, flow meters, cold gas systems, sun sensors and reaction wheels for major European satellite prime manufacturers.
From Bradford Engineering's plant in Heerle in the Netherlands, Moog will offer legacy satellite technology such as propulsion and actuation solutions for on-orbit satellite motion and fluid control to the European market.
The acquisition also enables Bradford Engineering to supply the U.S. space market with technology Moog does not currently provide, such as pressure transducers, reaction wheels and sun sensors for the positioning and control of satellites in orbit.
Moog will retain all of Bradford Engineering's employees and continue to benefit from Bradford Engineering's management team to run the Netherlands-based design and manufacturing facility. All existing Bradford Engineering contracts will be continued as expected. The development and maintenance of a non-ITAR product portfolio will be strategically important for future operations.
"An exciting part of the Moog-Bradford combination for the marketplace will be the wide breadth of engineering acumen and heritage that we now bring to industry," added Raoul Voeten, managing director of Bradford Engineering. "We believe that this will translate into new technologies for customers for our combined companies."
Investor Statement
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About Moog
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, security equipment, automated industrial machinery, wind turbines, and medical equipment. Additional information about the company can be found at www.moog.com.
Contact:
Moog Space and Defense Group
Emily Clark
Tel: +1 818-734-6741
E-mail: eclark@moog.com
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