March 2, 2009 (FinancialWire) -- Moog Inc. (NYSE: MOGA) said that it has completed the acquisition of UK-based Fernau Avionics Ltd. for around 32 million pounds Sterling in cash. Fernau is a supplier of ground-based air navigation systems for military, naval and civil aviation. The company reported 2008 revenues of 15.7 million pounds.

Ground based air navigation systems transmit signals that are used to calculate bearing and range information to aid pilot navigation. These systems are part of a larger classification often referred to as "navigation aids."

Warren Johnson, President of Moog's Aircraft Group said, "This acquisition complements our present navigation aids business in the U.S." said. He said that the deal, ".significantly expands our capabilities in this market and extends our customer base throughout Europe and Asia."

According to Moog, Fernau will add 11.7 million pounds to Moog's sales for the remaining seven months of the 2009 fiscal year. As a result of first year purchase accounting adjustments the acquisition will be neutral to previously forecasted fiscal year 2009 earnings per share, according to the company. The acquisition will be reported as part of Moog's Aircraft Controls segment.

East Aurora, New York-based Moog is a designer, manufacturer, and integrator of precision control components and systems. Moog's systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment.

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