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

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne 02.19.18

Airborne-UnManned 02.20.18

Airborne 02.14.18

AMA Drone Report 02.15.18

Airborne 02.16.18

Airborne-YouTube

Airborne 02.19.18

Airborne-UnManned 02.20.18

Airborne 02.14.18

AMA Drone Report 02.15.18

Airborne 02.16.18

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 02.19.18: TruTrak Vizion Approvals, 737 MAX 9 Cert, Airplane Loan Scam

Also: Frasca Celebrates 60 Years, Klyde’s 40th!, European Plan For AvSafety, Texas Aviation Hall Of Fame The STC for the TruTrak Vizion autopilot has been updated to include >[...]

Airborne-Unmanned 02.13.18: FAA UAS Symposium, Airbus Delivers, Manned EHANG 184

Also: UAS Pilot Code, FAA Drone Program, SkyWatch Funding, Quantix Hybrid UAS For Farmers The FAA and AUVSI will co-host the 3rd Annual FAA Unmanned Aircraft Systems (UAS) Symposiu>[...]

AMA Drone Report 02.15.18: AMA Expo East, Skydio R1, TSB Canada Report

Also: DJI Knowledge Quiz, GoFly Competition, Drone ID Rules Coming, FAA Unenthusiastic About Prosecuting? The Academy of Model Aeronautics will host the annual AMA Expo East at the>[...]

Airborne 02.19.18: TruTrak Vizion Approvals, 737 MAX 9 Cert, Airplane Loan Scam

Also: Frasca Celebrates 60 Years, Klyde’s 40th!, European Plan For AvSafety, Texas Aviation Hall Of Fame The STC for the TruTrak Vizion autopilot has been updated to include >[...]

Airborne-Unmanned 02.20.18: USMC InstantEye, Raleigh Reconsiders, Battle Drones

Also: Fortem DroneHunter, Solar-Powered Rover, Drone Mkt Worth $48.88B, MQ-25 Partnerships InstantEye Robotics has received a substantial order from PMA-263, the Navy and Marine Co>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2018 Web Development & Design by Pauli Systems, LC