Moog Secures Major Lockheed Martin Contract for PAC-3 MSE
Moog Inc. Awarded Significant Contract by Lockheed Martin
Moog Inc. (NYSE: MOG.A and MOG.B) has made headlines with a substantial contract award from Lockheed Martin for custom actuators designed for the Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement (MSE) program. This significant deal, valued at over $100 million, marks one of the largest contracts in the realm of defense technology.
Understanding the PAC-3 MSE Program
The PAC-3 MSE program plays a critical role in bolstering the defenses of not just the U.S. Army, but also Joint Forces and allied nations worldwide. It is engineered to counteract incoming tactical ballistic missiles, cruise missiles, and even advanced aircraft, safeguarding territories from evolving threats.
Moog's Commitment to Quality
The award highlights Moog’s exceptional reputation for quality and on-time delivery. Mike Gruver, Senior Vice President of Moog's Defense Division, expressed pride in the recognition, stating, “This award is a testament to our unwavering dedication to equipping brave warfighters and service members across the globe.” Moog remains devoted to delivering superior products and timely support to valued partners such as Lockheed Martin.
Precision Engineering in Action
The electromechanical actuators designed by Moog are critical to the precision steering of PAC-3 MSE missiles. Their functionality is essential for effectively engaging intended targets. Production of these vital components will take place at Moog's facility in Salt Lake City, UT, which underscores the company's strategic resources in high-performance defense manufacturing.
Growing Global Demand for Defense Systems
As global demand for defense systems continues to rise, the PAC-3 MSE full-rate production program stands at the forefront. Brian Kubik, Vice President of the PAC-3 Program at Lockheed Martin, emphasized Moog's essential role in this expanding market, stating, “This contract signifies Moog’s critical position in a committed, affordable, and reliable supply chain.”
About Moog Inc.
Moog Inc. is a global designer and manufacturer known for its innovative precision motion and fluid controls as well as control systems. The company’s adaptive high-performance systems play an important part in various sectors, controlling military and commercial aircraft, space vehicles, defense mechanisms, and even medical equipment. As a dedicated partner in the defense industry, Moog is poised to meet the challenges of today’s world.
Frequently Asked Questions
What does the PAC-3 MSE program entail?
The PAC-3 MSE program focuses on effectively defending against tactical ballistic missiles and advanced threats, utilizing state-of-the-art technology and precision components.
How much is the contract awarded to Moog worth?
The contract awarded to Moog by Lockheed Martin is valued at over $100 million, marking a significant achievement for the company.
Where will the production of actuators take place?
Production of the custom actuators will occur at Moog’s facility located in Salt Lake City, UT, ensuring high-quality manufacturing practices.
Who is Moog Inc.?
Moog Inc. is a leading designer and manufacturer of precision motion control systems, renowned for their contributions to various sectors including defense, aerospace, and medical equipment.
What role does Moog play in defense?
Moog plays a pivotal role in the defense industry by providing high-performance systems that support military operations and ensure the safety of service members globally.
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