Moog Inc. (NYSE: MOG-B)

Moog Inc. is a worldwide designer, manufacturer and systems integrator of high performance precision motion and fluid control and control systems for a broad range of applications. The company primarily operates in the aerospace and defense market and also operates in the industrial and medical markets. Moog Inc. engineers collaboratively design and manufacture the most advanced motion control products to the highest quality standards for use in demanding applications. By building on these core foundational capabilities, the company believes it has achieved a leadership position in the high-performance, precision controls market and is "Shaping the way our world moves™".

Moog Inc. generates revenue through the design, manufacture and integration of precision motion and fluid control systems and components across its served markets. Revenue is derived from products and systems including defense market offerings such as primary and secondary flight controls for military aircraft, tactical and strategic missile steering controls, and defense ground vehicle systems. Commercial aircraft market revenue comes from primary and secondary flight controls and components for commercial aircraft. Space market revenue includes satellite avionics, propulsion and positioning controls, launcher thrust vector controls and components, and integrated space vehicles. Industrial market revenue comes from components and systems used in heavy industrial machinery, flight simulation motion control systems, energy exploration and generation products, material and automotive structural and fatigue testing systems, and liquid cooling pumps used in data centers. Medical market revenue is generated from pumps and sets for enteral clinical nutrition and infusion therapy, slip rings used in CT scan medical equipment, and various components used in ultrasonic sensors and surgical handpieces. Under ASC 606, 65% of revenue was recognized over time for the three months ended March 28, 2026, using the cost-to-cost method, predominantly in Space and Defense, Military Aircraft and Commercial Aircraft segments, while 35% was recognized at the point in time, most frequently in the Industrial segment.

The company operates through the following segments: Space and Defense, Military Aircraft, Commercial Aircraft and Industrial.

• Space and Defense segment includes defense market products such as primary and secondary flight controls and components for military aircraft, tactical and strategic missile steering controls, defense ground vehicle systems including turreted weapon systems and various other defense components, as well as space market offerings like satellite avionics, propulsion and positioning controls, launcher thrust vector controls and components, and integrated space vehicles.

• Military Aircraft segment focuses on primary and secondary flight controls and components for military aircraft within the defense market.

• Commercial Aircraft segment covers primary and secondary flight controls and components for commercial aircraft.

• Industrial segment encompasses various components and systems used in applications including heavy industrial machinery for metal forming and pressing, flight simulation motion control systems, energy exploration and generation products, material and automotive structural and fatigue testing systems, and liquid cooling pumps used in data centers.

Moog Inc. has achieved a leadership position in the high-performance, precision controls market within the aerospace and defense industry. The company serves three end markets within aerospace and defense: defense, commercial aircraft and space. Its defense market represents 52% of 2026 sales and is directly affected by defense funding levels and product demand, which have recently increased. The commercial aircraft market represents 24% of 2026 sales and aligns with customers' plans. The aerospace and defense businesses collectively represent 76% of 2026 sales. Moog Inc. maintains positions on numerous high priority programs including the Lockheed Martin F-35 Lightning II and strives to embed its technologies within future generation military programs such as the Textron Bell MV-75. The company leverages its engineering expertise and close customer relationships to solve complex technical problems, which has allowed it to expand organically and through acquisitions its high-performance components business to also offer the design, manufacture and integration of high-performance systems across multiple markets.

Moog Inc. serves a diverse customer base including the U. S. government and its agencies for defense and space programs, commercial aircraft manufacturers such as Boeing and Airbus, operators in the industrial sector including heavy industrial machinery manufacturers, flight simulation providers, energy exploration and generation companies, material and automotive testing firms, and data center operators requiring liquid cooling pumps. In the medical market, the company serves healthcare providers and medical device manufacturers needing pumps and sets for enteral clinical nutrition and infusion therapy, slip rings for CT scan equipment, and components for ultrasonic sensors and surgical handpieces.