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    1. Defense Executive

    Moog Inc. gains American Pacific aerospace propulsion business

    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).

    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 | 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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