DCSA invalidates Moog facility clearance due to CEO non-U.S. citizenship; 2% revenue at risk

MOOG INC.

CEO Pat Roche is Irish citizen and legal permanent U.S. resident; clearance invalidated on that basis.
Only 2% of prior fiscal year revenue came from contracts requiring facility security clearance.
No impact on fiscal 2023 financial guidance; existing contracts continue with government approval.
Moog is working with DCSA on mitigation plan, likely involving a subsidiary structure to protect classified info.
Company cannot enter new contracts requiring clearance until mitigation plan is approved.

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