EAST AURORA, NY -- (Marketwired) -- 05/13/13 -- Moog Inc. (NYSE: MOG.A) (NYSE: MOG.B) announced today that its Aircraft Group was selected by Embraer S.A. to supply the Primary Flight Control System for Embraer's second generation E-Jet family. Under the contract Moog will provide design, qualification and certification support for a three-axis integrated Primary Flight Control System including Moog proprietary flight control computers and software, flight control actuators and related control electronics.
Provisionally outlined with 78- to-122 seats, the new aircraft will succeed the current E-170 and E-190 lines and is scheduled to enter service in 2018. The new family will be reconfigured with an all-new wing, full fly-by-wire flight control systems and extended main landing gear to provide more clearance for new, higher bypass engines.
"We have been working to develop this relationship with Embraer for over a decade and are delighted to have been selected as a key system supplier on this platform," said Warren Johnson, President of Moog's Aircraft Group. "Our selection is the culmination of a lot of hard work and underscores our reputation as a leading supplier of complete flight control systems to the global aircraft market."
Moog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog's high performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind energy, marine and medical equipment. Additional information about the Company can be found at www.moog.com.
Embraer S.A. is the world's largest manufacturer of commercial jets of up to 120 seats, and one of Brazil's leading exporters. Embraer's headquarters are located in São José dos Campos, São Paulo, and it has offices, industrial operations and customer service facilities in Brazil, China, France, Portugal, Singapore, and the U.S. Founded in 1969, the Company designs, develops, manufactures and sells aircraft and systems for the commercial aviation, executive aviation, and defense and security segments. It also provides after sales support and services to customers worldwide. For more information, please visit www.embraer.com.br.
Information included or incorporated by reference in this report that does not consist of historical facts, including statements accompanied by or containing words such as "may," "will," "should," "believes," "expects," "expected," "intends," "plans," "projects," "approximate," "estimates," "predicts," "potential," "outlook," "forecast," "anticipates," "presume" and "assume," are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and are subject to several factors, risks and uncertainties, the impact or occurrence of which could cause actual results to differ materially from the expected results described in the forward-looking statements. These important factors, risks and uncertainties include:
•the markets we serve are cyclical and sensitive to domestic and foreign economic conditions and events, which may cause our operating results to fluctuate •we operate in highly competitive markets with competitors who may have greater resources than we possess •we depend heavily on government contracts that may not be fully funded or may be terminated, and the failure to receive funding or the termination of one or more of these contracts could reduce our sales and increase our costs •we make estimates in accounting for long-term contracts, and changes in these estimates may have significant impacts on our earnings •we enter into fixed-price contracts, which could subject us to losses if we have cost overruns •if our subcontractors or suppliers fail to perform their contractual obligations, our prime contract performance and our ability to obtain future business could be materially and adversely impacted •contracting on government programs is subject to significant regulation, including rules related to bidding, billing and accounting kickbacks and false claims, and any non-compliance could subject us to fines and penalties or possible debarment •the loss of Boeing as a customer or a significant reduction in sales to Boeing could adversely impact our operating results •our new product research and development efforts may not be successful which could reduce our sales and earnings •our inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete •our business operations may be adversely affected by information systems interruptions or infringements •our indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility •significant changes in discount rates, rates of return on pension assets, mortality tables and other factors could affect our earnings, equity and pension funding requirements •a write-off of all or part of our goodwill or other intangible assets could adversely affect our operating results and net worth •our sales and earnings growth may be affected if we cannot identify, acquire or integrate strategic acquisitions •our operations in foreign countries expose us to political and currency risks and adverse changes in local legal and regulatory environments •unforeseen exposure to additional tax income liabilities may affect our operating results •government regulations could limit our ability to sell our products outside the United States and otherwise adversely affect our business •the failure or misuse of our products may damage our reputation, necessitate a product recall or result in claims against us that exceed our insurance coverage, thereby requiring us to pay significant damages •future terror attacks, natural disasters or other catastrophic events beyond our control could negatively impact our business •our operations are subject to environmental laws, and complying with those laws may cause us to incur significant costs •we are involved in various legal proceedings, the outcome of which may be unfavorable to us
These factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. We disclaim any obligation to update the forward-looking statements made in this report.
Ann Marie Luhr
New York 14052
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