SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
____________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) December 17, 1997
Moog Inc.
(Exact Name of Registrant as Specified in Charter)
New York 1-5129 16-0757636
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
East Aurora, New York 14052
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (716) 652-2000
NONE
(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events.
On December 17, 1997, Moog Inc. issued the attached
press release with respect to its agreement to acquire the net
assets of Schaeffer Magnetics, Inc., a California corporation and
a supplier of motion control devices and systems to the space
industry, for a consideration of approximately $21.7 million.
Item 7. Exhibits.
(i) Press release.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
MOOG INC.
MOOG INC.
(Registrant)
Date: December 19, 1997 By:/S/WILLIAM P. BURKE
William P. Burke
Treasurer
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[Moog Inc.]
[East Aurora, New York 14052-0018]
[Telephone: 716-652-2000]
[Fax: 716-687-4457]
MOOG
MOOG Inc. to Acquire SCHAEFFER MAGNETICS
EAST AURORA, N.Y., Dec. 17 /PRNewswire/ -- MOOG Inc. (Amex:
MOG/A and MOG/B) announced today that it has entered into a
definitive agreement to acquire SCHAEFFER MAGNETICS, Inc., a
leading supplier to the space industry of motion control devices
and systems. The closing, which awaits regulatory agency
approval, is expected as early as January, 1998.
SCHAEFFER MAGNETICS, a family-owned company, was founded in
1967 by its chief executive officer, Ernest Schaeffer, and has
been dedicated to the space industry from its start. The
company, which employs 150 people in Chatsworth, California, has
grown to $20 million in revenue. The products are mainly
electromechanical actuators and motion control systems for the
positioning of solar panels, antennae, and optical devices in
satellite and space systems. MOOG intends to keep the company in
its present location and to keep its staff intact.
"SCHAEFFER MAGNETICS is a leader in its field," said
Robert T. Brady, Chairman and CEO of MOOG Inc., "and its origins
and philosophies are similar to our own. This acquisition gives
us an enviable vertical integration in the commercial satellite
business and will be an excellent complement. MOOG'S Satellite
and Launch Vehicle business provided approximately 14% of our
$456 million revenues in fiscal '97 and has been growing at
nearly 15% per year since 1995. SCHAEFFER's growth in this field
has been over 27% per year for the same period and we expect that
it will be immediately accretive to earnings."
Moog Inc. is a worldwide manufacturer of high performance
controls used in commercial, industrial, aerospace and defense
applications.
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