Moog Inc. gains American Pacific aerospace propulsion business

LAS VEGAS, 2 Aug. 2012. American Pacific Corp. (AMPAC; NASDAQ:APFC) has completed the divestiture of its Aerospace Equipment/In-Space Propulsion business to Moog Inc. (NYSE:MOG.A, NYSE:MOG.B). 

The In-Space Propulsion business--with locations in N.Y., Calif., Ireland, and the United Kingdom--is a developer and manufacturer of liquid propulsion systems and components for satellites and missile defense systems.

The purchase price is approximately $46 million in cash. The divestiture is effective as of 1 Aug. 2012. 

Easily post a comment below using your Linkedin, Twitter, Google or Facebook account.


Featured Slideshows

Insight into UPS Flight 1354

The aerospace community and larger public have turned their attentions once again to the National Transportation Safety Board (NTSB) in the U.S., as a "go-team" of 26 investigators strives to piece together the events that lead to the crash of UPS Flight 1354 on 14 Aug. 2013.

Enabling technologies: An open-source, two-seat aircraft

MakerPlane Inc., an open-source hardware and software organization, aims to revolutionize the aviation industry by enabling the use of low-cost digital manufacturing technologies to build aircraft quickly, safely, and at low cost.

Social Activity

Wire News provided by   

Webcasts

There is no current content available.

Most Popular Articles


All Access Sponsors


Download Our Free Apps



iPhone

Android

Follow Us On...



Avionics Article Archives

Click here for past articles