American Pacific Corporation Sells Off In-Space Propulsion Business | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 05.04.15

Airborne 05.05.15

Airborne 04.29.15

Airborne 04.30.15

Airborne 05.01.15

Airborne Hi-Def On YouTube

Airborne 05.04.15

Airborne 05.05.15

Airborne 04.29.15

Airborne 04.30.15

Airborne 05.01.15

Wed, Jun 06, 2012

American Pacific Corporation Sells Off In-Space Propulsion Business

Develops Systems And Components For Satellites, Missile Defense

American Pacific Corporation has reached agreement to divest its Aerospace Equipment segment, also known as its In-Space Propulsion business, to Moog Inc. The purchase price announced Monday is approximately $46 million in cash. The In-Space Propulsion business, with locations in New York, California, Ireland and the United Kingdom, is a developer and manufacturer of liquid propulsion systems and components for satellites and missile defense systems. 

Joe Carleone, AMPAC's President and Chief Executive Officer, commented, "Moog is acquiring a leading manufacturer of liquid propulsion systems with a reputation in the industry for its long flight heritage, reliability and high quality customer service. Our goal was to find a strategic buyer that could continue to grow the business and we feel that Moog is the right partner for the business. The divestiture is a strategic shift that allows AMPAC to place more focus on the growth and performance of its pharmaceutical-related product lines."

The business will report to Jay Hennig, President of Moog's Space and Defense Group and will provide additional capabilities, specifically in spacecraft controls.  Hennig stated, "The In-Space Propulsion business complements our existing components and expands our propulsion systems capabilities.  We believe that this acquisition will expand our European presence and provide additional scale to serve our customers with a complete satellite control offering."

Sales for In-Space Propulsion for the twelve-month period ended March 31, 2012 were approximately $51 million.  The closing of the transaction, which is subject to the satisfaction of customary closing conditions, is expected to occur by September 30, 2012.

FMI: www.moog.com

Advertisement

More News

Airborne 05.04.15: NBAA Acts On E Hampton, NASA's Messenger, Another 'Carplane?'

Also: Dreamliner AD, K-MAX, Building B737NGs, USAF In Nepal, Airbus Training Ctr, FAA SAFO According to the NBAA, town officials are poised to implement a set of noise and access r>[...]

ANN's Daily Aero-Linx (05.05.15)

Glue-It.Co.Uk This online photographic reference is for model makers. Click on Aircraft Images to see their collection of photographs listed by manufacturer and model.>[...]

ANN's Daily Aero-Term (05.05.15): Bleed Air

Hot air taken from the engine compressor.>[...]

Aero-News: Quote Of The Day (05.05.15)

"Although LOC-I events are rare, 97% of the LOC-I accidents over the past five years involved fatalities to passengers or crew." Source: Tony Tyler, IATA Director General and CEO.>[...]

ANN FAQ: Feel The Propwash (Updated)

New Form Makes Subscribing, Unsubscribing Even Easier While we're very proud of our newly-redesigned website, we know that some folks really enjoy the convenience of having their A>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC