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Moog Inc. (MOG.A and MOG.B) Announces Ferrari Order for Simulator; Investment in Wind Energy Company

Moog Inc. (MOG.A and MOG.B) is a designer, manufacturer, ad integrator of precision control components and systems. The company, founded in 1951 by inventor William Moog, is based in East Aurora, New York.

In June, Ferrari placed an order with the company for the engineering, design, development and deployment of a next-generation driving simulator to be located at Ferrari’s headquarters in Maranello, Italy. The system includes a driving simulator featuring a customized motion-control solution with combined motion mechanism, control loading system, complete software package, top platform and a dedicated operator workstation. With more than 500 motion bases developed for customers around the world, Moog can produce electric and hydraulic motion platforms that span a variety of key applications with payloads ranging from 1,000 Kg (2,200 lbs.) to 14,500 Kg (32,000 lbs).

Moog also announced in June that it had acquired 40-percent ownership of privately held LTi REEnergy GmbH of Unna, Germany for 18 million euros (approximately $28M U.S.) from available cash balances. LTi REEnergy specializes in the design and manufacture of servo controllers as well as complete drive systems for electric rotor blade controls for wind turbines. The company expects to acquire the remaining 60-percent ownership in 12 months subject to conventional conditions of closing.

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