Moog Announces Acquisition in Components Segment


EAST AURORA, N.Y., May 3 -- Moog Inc. (NYSE: MOG.A; MOG.B) announced today that it has acquired Thermal Control Products Inc. for $7.5 million, including $4.3 million in cash with the balance due in notes payable over 3 years.

Thermal Control Products, a Camarillo, CA company, specializes in the design, prototype and manufacture of electronic cooling and air moving systems for the automotive, telecommunications, medical, server and electronic storage markets. Their blower assembly products are used in a variety of medical and industrial equipment, and sales in the most recent fiscal year were $5 million.

"This acquisition gives us the opportunity to offer completely integrated blower assembly units for our medical customers, and quiet air movement solutions for our other industrial customers," said Larry Ball, Vice President and head of the Components segment of Moog.

The acquisition will add approximately $2.2 million to Moog's Components segment 2007 sales in the last five months of the fiscal year ending September 29, 2007. Due to first year purchase accounting adjustments, this acquisition will be neutral to Moog's earnings per share for fiscal 2007.

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 industry machinery, and medical equipment. Additional information about the company can be found on its website, http://www.moog.com/.

Source: Moog, Inc.

CONTACT: Ann Marie Luhr of Moog, Inc., +1-716-687-4225

Web site: http://www.moog.com/

All Topics