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Moog Acquires U.K. Air Navigation Systems Company

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Moog [MOG.A, MOG.B] recently said it has acquired United Kingdom-based Fernau Avionics Ltd., for $45 million in cash in a deal that complements the company's current navigation aids business. "Fernau, with a robust portfolio of products and services, significantly expands our capabilities in this market and extends our customer base throughout Europe and Asia," Warren Johnson, president of Moog's Aircraft Group, said in a statement. Fernau supplies ground-based air navigation systems for military, naval and civil aviation. Fernau had $22.1…

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