East Aurora, N.Y.-based Moog (NYSE: MOG-A) (NYSE: MOG-B) has won a potentially lucrative contract from Boeing (BA +0.84%).
On Friday, Moog announced the contract win (but not the contract value) -- a deal to have Moog design, develop, and qualify after testing the Weapons Bay Actuation System for the F-15 Silent Eagle. In laymen's terms, what it will be building is the motor that opens the airplane's "bomb-bay doors." Moog explains that the system will include "the main controller, electric power drives for both rotary and linear actuation, rotary mechanical drive trains (rotary geared actuators, angled gearboxes and torque tubes), and an energy management sub-system."
Moog has been designing such systems for the F-15 since the plane's introduction in the early 1970s. Its latest contract will have it building parts for the latest version of the plane, the F-15SE. This is also the plane that Boeing has proposed selling to South Korea as part of its $2.4 billion "F-X III" air force upgrade. Hence, a win for Boeing on that contract could mean immediate revenues for Moog.
