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).
Aug. 2, 2012

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.

About the Author

Courtney Howard

Courtney Howard

Executive Editor

Courtney, as executive editor, enjoys writing about all things electronics and avionics in PennWell’s burgeoning Aerospace and Defense Group, which encompasses Military & Aerospace Electronics, Avionics Intelligence, the Avionics Europe conference, and much more. She’s also a self-proclaimed social-media maven, mil-aero nerd, and avid avionics geek. Connect with Courtney at [email protected], @coho on Twitter, and on LinkedIn.

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