Moog Inc. (NYSE: MOG-A) is a precision motion-controls company that designs, manufactures, and integrates high-performance components and systems for military, commercial aerospace, space, defense, and industrial markets. Revenue is generated through long-term original equipment supply agreements, development program contracts, and aftermarket parts and service sales. Boeing is the single largest disclosed customer, representing 10% of FY2025 sales across military, commercial, and space applications. Net sales grew to $3.861 billion in FY2025 (fiscal year ending September 27, 2025), up 7% from $3.609 billion in FY2024. Total backlog stood at $6.0 billion as of September 27, 2025. The company holds positions on programs including the Lockheed Martin F-35 Lightning II and the Textron Bell MV-75. Pat Roche has served as President and CEO since February 2, 2023. Moog pays quarterly cash dividends on both Class A and Class B common stock and maintains a $1.1 billion U.S. revolving credit facility maturing October 27, 2027, alongside a $250 million term loan established May 30, 2025.

Revenue model

Moog generates revenue through long-term OEM supply agreements covering components and integrated systems, development and production program contracts in defense and space, and aftermarket sales and service tied to its large installed product base. Pricing strategy seeks value recognition from customers across its served markets.

Products and services

High-performance precision motion-control components and systems for military aircraft (including F-35 flight controls), commercial aircraft OEM and aftermarket, space and defense applications (satellites, launch vehicles, missile and missile defense controls, defense vehicle controls), and industrial applications including medical devices and liquid cooling pumps for data centers.

Customers and end markets

End markets include military aircraft, commercial aircraft OEM and aftermarket, space and defense, and industrial. Boeing is the largest disclosed customer at 10% of FY2025 sales. Key platforms include the Lockheed Martin F-35 Lightning II and the Textron Bell MV-75. Industrial end markets include medical and data center liquid cooling.

Value-chain role

Tier-1 and Tier-2 supplier of engineered precision motion-control components and integrated systems to defense primes, commercial aircraft OEMs, and industrial customers. Moog embeds its technology into long-duration platforms, generating recurring aftermarket revenue from a large installed base.

Geographic exposure

Moog operates across domestic and foreign tax jurisdictions and is subject to OECD Pillar Two minimum tax considerations, indicating multinational operations, though specific country or regional revenue breakdowns are not disclosed in the excerpts provided.

Source: SEC 10-K, filed 2025-11-26

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