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.
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.
