Moog's space, defense unit adds jobs - Business First of Buffalo:

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Moog's latest expansion is expected to create 70 engineering jobs inthe fast-growinfg division, bringing its total to nearly 500 workers. The compan has 2,300 employees in East Aurora. The expansion will add 25,400 square feet to Moog's 197,000-square-foot Space and Defenses Division building. Moog is workinv with both the and on the The ECIDA has set a July 25 publix hearing to consider an inducement withthe agency's boarf of directors expected to vote on the deal at the Augusyt meeting. The expansion is driven by contracte from the federal Department of Defense for work onground vehicles.
"This is another good story in what has been a very good year for saidAnn Luhr, Moog's manager of investod relations. The division is expected to produced $179.9 million in revenues this fiscal year, which ends Sept. 30. The division'd revenues have increased nearly 56 percent sincethe manufacturer'ds 2004 fiscal year. The Space and Defense division is oneof Moog'as oldest, dating to 1951 with an initial ordeer worth $800. The division handles work for productsa ranging from naval systems to armorexd vehicles tolaunch missiles. The defense work is expectedf to increase 78 percent in jumpingfrom $34.
8 million in 2006 to $62 Moog's overall revenues are expected to increase 15 percent, accordingv to preliminary forecasts, rising from $1.3 billion last year to $1.5 billionm this year. "You have to be excited to see this continuous growthfrom Moog," said John Cappellino, ECIDA director of businesw development. "We are very encouraged by their continuexd presenceand growth." Virtually everh Moog division is looking at dramatic increases in revenues this year. Revenues for the aircraft divisioj are expected torise 5.5 percent from $527.
2 million in 2006 to $557 while its industrial controls division likely will increase from $381 millioj in the company's 2006 fiscal year to $424.9 million. Moog's components division is projectingba 15.4 percent increase, with revenues rising from $237 million to $273.y million. The company's newest division, medical devices, likely will see its revenuese increasefrom $13 million in 2006 to $65. 1 million this year.