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

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne-Unmanned w/AUVSI

Airborne On ANN

AMA 07.20.17

Airborne 07.17.17

Airborne 07.18.17

Airborne 07.19.17

Airborne 07.20.17

Airborne 07.21.17

Airborne-Unmanned 07.18.17

Airborne-YouTube

AMA 07.20.17

Airborne 07.17.17

Airborne 07.18.17

Airborne 07.19.17

Airborne 07.20.17

Airborne 07.21.17

Airborne-Unmanned 07.18.17

Coming Up In Just A Few Hours -- 2017 AirVenture Innovation Preview -- DON'T MISS IT!

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 07.19.17: NEW Kitfox Speedster!!!, Rotax 4 Sonex, Trig TY96A/TY97A

Also: Flt 3407 Families, Zenith STOL, Brandon Expands, BAA Training, Delta Caves In, Sully Defends GA, Global 7000 Years ago, ANN Boss Jim Campbell remarked a that recent flight te>[...]

AMA Drone Report 07.20.17: FAST Drones, GeoFencing, Certified Drone Photographer

Also: SureFly Helicopter Concept, 'Design a Drone', Raleigh v Drones, Aero-TV: AMA's David Mathewson The Drone Racing League recently tested the fastest racing drone, and set the G>[...]

AMA Drone Report 07.20.17: FAST Drones, GeoFencing, Certified Drone Photographer

Also: SureFly Helicopter Concept, 'Design a Drone', Raleigh v Drones, Aero-TV: AMA's David Mathewson The Drone Racing League recently tested the fastest racing drone, and set the G>[...]

AMA Drone Report 07.13.17: Drones At AirVenture, CA Regs, Women and Drones

Also: Cal Fire Warns, AU Fines, New Florida Law, Aero-TV: FAA's Earl Lawrence THE world’s greatest aviation event is but a week and a half away. And for drone flyers; EAA Air>[...]

Airborne 07.20.17: ForeFlight Scout, Airbus SAGITTA UAV, Privatization Fight

Also: NASA P2006T, Robert Sumwalt, First FL Legacy 500, Tuskegee Airmen, New RAF Trainer, VFA-115 ForeFlight has announced the availability of Scout, a portable, dual-band ADS-B re>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC