Moog announces security and surveillance acquisition
Moog Inc. announced today that the company has purchased Pieper GmbH, a Schwerte, Germany based manufacturer of video products and integrated vision systems for security and extreme industrial environments. Pieper had 2009 revenues of euro 11 million.
"Pieper's systems expertise and hardened video products for extreme environments expand our ability to solve the most difficult vision system problems for our customers," said Jay Hennig, Group President of Moog's Space and Defense segment. "Their headquarters in Schwerte will provide a base from which our security and surveillance businesses can provide superior, local service to our European customers."
The acquisition is expected to add approximately euro 5 million to Moog's sales for the remaining 5 months of the 2010 fiscal year. As a result of first year purchase accounting adjustments, the acquisition is expected to be neutral to previously forecasted fiscal year 2010 earnings per share.
Moog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog's high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind turbines, marine and medical equipment.
Source: Moog
You may also like
More from Digital Battlespace
-
![AUSA 2024: General Micro Systems adds four new products to the X9 Spider family]()
AUSA 2024: General Micro Systems adds four new products to the X9 Spider family
The airborne three-domain, the two ground-based and the ¼ ATR OpenVPX-based cross-domain systems were engineered to provide real-time security across multi-domain operations.
-
![BAE Systems gets go-ahead for second phase of mission communications programme]()
BAE Systems gets go-ahead for second phase of mission communications programme
DARPA’s Mission-Integrated Network Control (MINC) programme was set up to develop an autonomous tactical network and enable critical data flow in contested environments.
-
![Just Released: Space Technology Report]()
Just Released: Space Technology Report
Why space is an essential part of modern military capabilities
-
![Work-from-home warfare: the power of mixed reality]()
Work-from-home warfare: the power of mixed reality
Defence-secure mixed reality headsets can save hours, or even weeks, of travel time to fix defunct equipment or get subject experts effectively “on-site” where they are needed.
-
![Northrop Grumman receives follow-on contract for CUAS and C-IED systems]()
Northrop Grumman receives follow-on contract for CUAS and C-IED systems
The Joint Counter Radio-Controlled Improvised Explosive Device Electronic Warfare (JCREW) counter-improvised explosive device (C-IED) and Drone Restricted Access Using Known Electromagnetic Warfare (DRAKE) counter-UAS (CUAS) systems are mounted and dismounted RF jammers.
-
![Adarga’s Vantage AI software selected for UK Strategic Command’s Defence Support]()
Adarga’s Vantage AI software selected for UK Strategic Command’s Defence Support
Adarga’s Vantage information analysis tool is in service with the UK MoD and individual UK forces. It builds on the company’s Knowledge Platform which processes, organises and analyses open source material, as well as information held by the user’s military, security and intelligence services.
