Moog 2021 Annual Overview - Report - Page 7
2021 HIGHLIGHTS
787 Support Contract with Japan Airlines
Moog and Japan Airlines signed a long-term exclusive contract for comprehensive
support of critical flight control and landing gear actuation components on the
Japan Airlines fleet of Boeing 787 aircraft. Moog is the OEM supplier for the
primary and high lift flight controls on the Boeing 787 aircraft. Moog’s Total
Support program contract includes maintenance, reliability management and
inventory support via Moog’s global repair station network and strategically located
stocking facilities, providing Japan Airlines 24/7 access to spares no matter where
the carrier’s aircraft are located. Japan Airlines is the flag carrier of Japan and flies
to 220 destinations in 35 countries worldwide, operating 280 aircraft.
SureFly® S250 Joins Agility Prime Initiative
Moog’s SureFly S250 vehicle is slated to be part of the United States Air Force
technology incubator AFWERX initiative. The SureFly S250 is a two-seat all-electric
multi-rotor vehicle which can fly manned or unmanned, utilizing eight independent
electric propulsion motors as its flight controls. The vehicle, which was developed
and is owned and operated by Moog Inc., will be modified to a hybrid electric
power system for the project. The Air Force expects to get a more in-depth
understanding of hybrid electric power system technology and Moog’s aircraft
control systems. SureFly and other autonomous eVTOL derivatives offer potential
solutions for military missions ranging from battlefield resupply and casualty
evacuation, to humanitarian disaster response and distributed logistics.
Moog Acquires Genesys Aerosystems
Moog completed the acquisition of Mineral Wells, Texas-based Genesys
Aerosystems Group, Inc. in the first quarter of fiscal year 2021. The acquisition
added a full suite of industry-leading avionics products to Moog’s existing
Aircraft Controls segment offerings. Genesys designs and manufactures
electronic flight instrument systems and autopilot solutions specializing in
fixed wing, rotorcraft, military, and special mission aircraft fleet support with
state-of-the-art avionics and product sustainment services.
Spacecraft Technologies Highlighted
Moog’s Small Launch Orbital Maneuvering Vehicle (SL-OMV) was on display at
the 36th Annual Space Symposium and SATELLITE 2021. SL-OMV is a low-cost
propulsive tug for secondary payload deployment focused on Venture Class
launch vehicles. It is payload-configurable for CubeSats through ESPA-Class
spacecraft. It can be used to disperse CubeSat constellations or to deliver
ESPA-Class spacecraft to their different orbits. The SL-OMV has its own
avionics, power, green propulsion, and communications systems that are
configurable for short duration missions.
EMA
EMA
Moog EMAs Cut Sway for Japan’s Bullet Train Riders
East Japan Railway Company improved the comfort and stability of its Shinkansen,
or bullet trains, by installing Moog electromechanical actuators, planetary roller
screws and drive systems into the active sway control system on its E5 and E6
train series. East Japan Railway increased the maximum running speed of its
trains to 360 km/h (225 mph). Moog’s electromechanical actuator design provides
a faster response and higher thrust to reduce vibration for passengers. Replacing
oleo-pneumatic sway control systems with less cumbersome electromechanical
systems has improved reliability and made the system easier to maintain. The fully
electric Moog system reduces sway by up to 50% compared to past conventional
pneumatic and hydraulic solutions.
EV Charging Station Installations
Dual Electric vehicle (EV) charging stations were installed on Moog’s East Aurora,
NY campus. The installation removes a barrier for employees who are considering
EV transportation options. Some of Moog’s larger sites in the U.S. and the U.K. also
feature EV charging options.
Moog Presents at EU Construction Equipment Summit
Moog engineers presented Moog’s mobile machinery platforms at CECE 2021
highlighting the themes of electrification, automation and connectivity that are
driving the design of Moog’s mobile machinery platforms. Built for zero emissions
and increased productivity, the platforms can be customized to the unique needs
of most machines to accelerate electrification and automation for the
construction industry. The right combination of controls and electronics will
someday allow traditional machine owners to digitally tune their equipment,
achieving in days what some equipment owners spend years trying to accomplish
with mechanical adjustments.
Moog Australia Opens Expanded Facility
Moog Australia Pty. Ltd., a wholly owned Australian subsidiary of Moog Inc.,
celebrated the official opening of its expanded facility located in Heatherton.
The investment strengthens Moog’s Australian in-country capabilities. The
new facility can accommodate 40 additional engineering, technical and
support employees. It will further develop local capabilities to design, build,
and support defense systems and solutions.
Capital Allocation
In 2021, Moog continued to return excess capital to shareholders through dividend
payments and its share buyback program. The $0.25 per share quarterly dividend,
paid over the course of the fiscal year, totalled $32 million. Including the $30 million
of shares repurchased, over $62 million was returned to shareholders in fiscal 2021.
6
NASA /JPL Caltech
Mission Success: Mars Landing
Moog’s space products played a critical role in the successful February 2021
landing of NASA’s Perseverance Rover on Mars. Perseverance is NASA’s
latest mission to explore Mars and builds on the success of the 2012 Mars
Curiosity Rover mission. The Moog team designed, built, and tested several
essential components. During the final descent, Moog throttle valve
assemblies controlled the entry spacecraft’s engines. The spacecraft entered
the atmosphere at 12,500 miles per hour, stabilized, and lowered the
Perseverance Rover until it successfully touched down in the Jezero Crater.
The mission blasted off from Cape Canaveral seven months earlier,
with Moog actuators steering the launch vehicle out of the Earth’s atmosphere.
Moog rocket engines were also used to steer the spacecraft on the
350-million-mile, seven-month journey carrying the Perseverance Rover,
ensuring it stayed on course while traveling 55,000 miles per hour. As the
Rover digs for samples, Moog valves and filters will keep the Rover’s drill clean.
Moog’s Reconfigurable Turret Selected for M-SHORAD Inc. 1
Moog’s RIwP® was selected for the U.S. Army’s Maneuver Short-Range Air Defense
Increment 1 program (M-SHORAD). M-SHORAD Inc. 1 is designed around the U.S.
Army Stryker A1 platform, with Moog’s Reconfigurable Integrated-weapons Platform
being the centerpiece of the Mission Equipment Package. The modularity of the RIwP
allowed Moog to provide nine prototypes in record time for the Army’s evaluation,
leading to the award. The field-proven RIwP is the result of commitment to
unmatched capability from a dedicated team that leverages Moog’s diverse and
advanced technologies, and is part of Moog’s commitment to equipping those who
defend freedom. The M-SHORAD integrates existing guns, missiles, rockets and
sensors onto a Stryker A1 vehicle and is designed to defend maneuvering forces
against unmanned aircraft systems, rotary-wing and residual fixed-wing threats.
7
