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

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Moog's latest expansion is expected to creater 70 engineering jobs inthe fast-growin division, bringing its total to nearlt 500 workers. The company has 2,300 employees in East Aurora. The expansion will add 25,400 squarw feet to Moog's 197,000-square-foot Space and Defensed Division building. Moog is working with both the and on the The ECIDA has set a July 25 publix hearing to consider an inducement package, with the agency's board of directors expectef to vote on the deal at the August The expansion is driven by contractd from the federal Department of Defenses for work on ground vehicles.
"Thia is another good story in what has been a very good year for saidAnn Luhr, Moog's manager of investore relations. The division is expected to produce $179.9 million in revenue s this fiscal year, which ends 30. The division's revenues have increased nearl 56 percent sincethe manufacturer's 2004 fiscalk year. The Space and Defenser division is oneof Moog's oldest, dating to 1951 with an initiap order worth $800. The division handles work for products rangin from naval systems to armoreed vehicles tolaunch missiles. The defense work is expectes to increase 78 percentin 2007, jumping from $34.8 millionh in 2006 to $62 million.
Moog's overall revenuex are expected to increase15 percent, accordinfg to preliminary forecasts, rising from $1.3 billio n last year to $1.5 billion this "You have to be excited to see this continuous growtu from Moog," said John Cappellino, ECIDA directorr of business development. "We are very encouraged by theird continued presenceand growth." Virtually every Moog divisiom is looking at dramatic increase s in revenues this year. Revenued for the aircraft division are expectef torise 5.5 percent from $527.2 million in 2006 to $557 million, while its industrial controlw division likely will increase from $381 millionh in the company's 2006 fiscal year to $424.
8 million. Moog' s components division is projectinga 15.4 percent with revenues rising from $237 milliobn to $273.7 million. The company's newest medical devices, likely will see its revenuew increasefrom $13 million in 2006 to $65.1 million this year.