2 May 2008
East Aurora, NY, Moog Inc. (NYSE: MOG.A and MOG.B ) announced today the acquisition of the stock of CSA Engineering Inc. (CSA) for $14.8 million, including $12.8 million in cash and a $2 million note. CSA is a privately held Mountain View, California, company specializing in systems for vibration suppression, precision motion control and dynamic testing of structures.
CSA's engineering staff designs and supplies equipment to the space, defense, aircraft and industrial markets. CSA's specialized applications include satellite payload isolation systems, ground based test systems for space and missile hardware, tuned mass dampers for vibration control and a jitter reduction control system for the Airborne Laser optical bench. Sales in the most recent year were $14 million.
"CSA's engineers are recognized experts in the area of vibration and motion control. We look forward to continued strong performance in their heritage applications along with the growth that will result from integrating their technology into Moog products and systems," said Jay Hennig, President of the Space and Defense segment of Moog.
The acquisition will add approximately $6 million to Moog's fiscal year 2008 sales. Due to first year purchase accounting adjustments, this acquisition will be neutral to Moog's earnings per share for fiscal 2008.
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, marine and medical equipment. Additional information about the company can be found at http://www.moog.com.