regulatory
confidence high
sentiment positive
materiality 0.65
Moog subsidiary receives DoD security clearance, enabling classified contract bids
MOOG INC.
- Moog Military Aircraft LLC received facility security clearance from U.S. Dept. of Defense on June 28, 2024.
- Prior clearance was invalidated due to CEO Pat Roche's non-U.S. citizenship; addressed via new subsidiary structure.
- Mark Graczyk, President of Military Aircraft, will serve as President and Senior Management Official for MMA.
- FCL allows MMA to bid on new classified U.S. government contracts and prime contracts.
- Receipt of FCL will not impact fiscal 2024 financial guidance.