UNITED STATES
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) November 3, 1998
(October 21, 1998)
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, NY 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 October 21, 1998, Moog Inc. issued the attached press
release with respect to its agreement to acquire Raytheon Aircraft
Montek Company for $160 million. Raytheon Aircraft Montek Company, a
subsidiary of Raytheon Aircraft Corporation, is a supplier of flight
controls for airplanes, steering controls for tactical missiles and
servovalves for both industrial and aerospace applications.
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: November 3, 1998 By: /S/WILLIAM P. BURKE
William P. Burke
Treasurer
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Exhibit (i)
MOOG INC. ACQUIRES MONTEK
EAST AURORA, N.Y., Oct. 21 /PRNewswire/ -- Moog Inc. (AMEX:MOG/A)
announced today the acquisition of Raytheon Aircraft Montek Company, a
subsidiary of Raytheon Aircraft Corporation. Montek, located in Salt
Lake City, came to Raytheon as part of its acquisition of E-Systems
Inc. in 1995. Montek has current revenues of about $90 million per
year and is a supplier of flight controls to the Boeing Commercial
Airplane Group and to manufacturers of regional aircraft and business
jets including the Raytheon Aircraft Company. Montek also produces
steering controls for tactical missiles and servovalves for both
industrial and aerospace applications. One third of Montek revenues
are aftermarket sales.
Moog has agreed to an acquisition price of $160 million subject
to regulatory approval. The closing is anticipated in late November.
"Raytheon Montek is a perfect strategic fit for us," said R. T. Brady,
Chairman and CEO. "We have agreed to pay a full price for a very
successful operation with an excellent track record and exciting
prospects."
Moog Inc. closed its fiscal year '98 on September 26th and
results will be reported during the second week of November. Revenues
for 1998 are expected to be in excess of $520 million. In August,
Moog announced the acquisition of a controlling interest in Hydrolux
SARL, a $30 million per year Luxembourg-based manufacturer of
integrated hydraulic systems for industrial machinery. In September,
Moog announced the acquisition of a controlling interest in Microset
Srl, a $4 million manufacturer of electronic controls for industrial
machinery. Microset is located in Brescia, Italy. The Hydrolux
acquisition was closed on October 20th, and the Microset acquisition
is expected to close by December 31st.
Moog also announced today that it has been selected by Boeing to
provide a redundant electro-mechanical thrust vector control (TVC)
system for the upper stage of the Delta IV and fill/drain valves for
the first stage engine. In addition, Alliant selected Moog to provide
the hydraulic blowdown TVC systems for the GEM Delta IV Booster.
These systems support Boeing's development of the Delta IV family of
launch vehicles as part of the U.S. Air Force's Evolved Expendable
Launch Vehicle (EELV). Over the next several years, Moog expects to
generate revenues in excess of $24 million on these programs.
Moog Inc. is a worldwide manufacturer of precision control
components and systems. Moog's high-performance actuation products
control commercial and military aircraft, satellites and space
vehicles, launch vehicles and automated industrial machinery.
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