18 August 2014
Moog Inc. (NYSE: MOG.A) (NYSE: MOG.B) said that its board of directors has amended its previously announced share repurchase program to include an additional 5,000,000 shares.
The program, originally authorized on January 24, 2014, included the authorization to repurchase an aggregate of 4,000,000 shares of its class A and class B common stock at management´s discretion. Under the program, 2,726,504 shares have been purchased as of August 12, 2014. After giving effect to the increase in authority, the company will be able to acquire an aggregate of 6,273,496 additional shares of its class A and class B common stock at management´s discretion.
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, marine and medical equipment. Additional information about the company can be found at http://www.moog.com.