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Moog Acquires Avionics Company Broad Reach

Defense Daily Staff Defense Daily Staff
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Moog Inc. [MOG.A] yesterday said it has acquired Broad Reach Engineering Co., a designer and manufacturer of spaceflight electronics and software for aerospace, scientific and military missions. The purchase price is $48 million and includes $37 million in cash, a $6 million note payable and a $5 million potential earn out provision, based on certain financial targets being met. Broad Reach's sales for the past 12 months were $27 million. "The acquisition of Broad Reach brings several very strong products…

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