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 On ANN

Airborne 11.23.15

Airborne 11.24.15

Airborne 11.25.15

Airborne 11.19.15

Airborne 11.20.15

Airborne Hi-Def On YouTube

Airborne 11.23.15

Airborne 11.24.15

Airborne 11.25.15

Airborne 11.19.15

Airborne 11.20.15

EAA/ANN AirVenture Innovation Preview

AIP-#1 Vimeo

AIP-#2 Vimeo

AIP-Part 1 YouTube

AIP-Part 2 YouTube

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.



More News

Blue Origin Makes History, But Is The System Practical

Only Time Will Tell If The Booster Is Truly Reusable On November 23, 2015 Blue Origin achieved a first in rocketry and spaceflight history when their New Shepard launch vehicle suc>[...]

Dassault Falcon Jet Completes New Little Rock Expansion

Facility Earmarked For Work On Falcon 8X And Falcon 5X Airplanes Dassault Falcon Jet has completed another major expansion of its Little Rock Completion Center that will add 350,00>[...]

ICAO World Aviation Forum Charts Course To Sustainable Aviation Benefits

First-Ever Forum Of Its Type Draws Over 800 International Officials Over 800 Ministers and senior officials from States, UN and international organizations have gathered at the Hea>[...]

Russian Warplane Shot Down By Turkey On Syrian Border

Kremlin Say There Was No Violation Of Turkish Airspace Tensions between Russia and Turkey, and by extension NATO, escalated Tuesday when a Russian Su-24 was shot down by Turkey aft>[...]

AD: Airbus Airplanes

AD NUMBER: 2015-23-06 PRODUCT: Certain Airbus Model A330-200, A330-300, and A340-300 series airplanes.>[...]

blog comments powered by Disqus





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