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Segments
12 Months Ended
Oct. 01, 2022
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]  
Segments Segments
Aircraft Controls. We design, manufacture and integrate primary and secondary flight controls and avionics for military and commercial aircraft and provide aftermarket support. Our systems are used on both development and production programs in large commercial transports, supersonic fighters, multi-role military aircraft, business jets and rotorcraft.
We are currently working on the KC-46 military air refueling tanker, MQ-25 aerial refueling drone and classified military development work on the military side, and the COMAC C919 on the commercial side. Typically development programs require concentrated periods of research and development by our engineering teams, while production programs are generally long-term manufacturing efforts that extend for as long as the aircraft builder receives new orders.
Our large military programs include the F-35 Joint Strike Fighter, F/A-18E/F Super Hornet, the V-22 Osprey tiltrotor and the Black Hawk UH-60/Seahawk SH-60 helicopter, while our large commercial production programs include the full line of Boeing 7-series aircraft, Airbus A320, A330 and A350XWB and a variety of business jets.
Aftermarket sales, which represented 30%, 27% and 30% of 2022, 2021 and 2020 sales, respectively, for this segment consist of the maintenance, repair, overhaul and parts supply for both military and commercial aircraft. Further, we sell spare parts and line replaceable units to both military and commercial customers that they store throughout the world in order to minimize down time.
Space and Defense Controls. We provide solutions for a wide array of space and defense applications including space vehicles, launch vehicles, military vehicles, air defense platforms, naval vessels, as well as tactical, hypersonic, and strategic missiles.
We design, manufacture, and integrate steering and propulsion controls for space launch vehicles, hypersonic missiles, and Missile Defense Agency (MDA) vehicles. Programs of note include Atlas, Vulcan, Space Launch System (SLS), LauncherOne, Minute Man III, Trident, and a variety of other platforms. We have also developed a family of orbital maneuvering vehicles (OMV) and spacecraft bus platforms that have their own avionics, power, propulsion, and communications systems. The Moog Evolved Secondary Payload Adapter (ESPA) is used as the structure of the OMV and has also enabled the rideshare market for many years. Our spacecraft avionics are used for a variety of purposes and missions, including a complete flight control computer, payload data processing, and processing of discrete elements onboard a spacecraft. Mission specific actuation mechanisms control solar array panels, antenna and thrusters. We also provide discrete isolation systems for the entire spacecraft during launch and for vibration sensitive systems during spacecraft operation. Our propulsion and fluid control solutions accelerate the spacecraft for orbit-insertion, station keeping, and attitude control. Our fluid control systems are also used in Environmental Control and Life Support System (ECLSS) for crewed missions, such as the Orion Multi-Purpose Crew Vehicle that is part of NASA’s Artemis program and the Habitation and Logistics Outpost (HALO), both of which will support humans working on the moon.
We produce an innovative turreted weapon system, the Reconfigurable Integrated-weapons Platform (RIwP®), for several military vehicle programs. In addition, we design controls for gun aiming, stabilization and automatic ammunition loading. Our coordinated multi-axis control systems support military vehicles, radars and launchers. We also manufacture controls for steering tactical and strategic missiles including Lockheed Martin's HELLFIRE® and PAC-3 interceptor, the U.S. National Missile Defense Agency's (MDA) Layered Missile Defense initiatives, multiple hypersonic missiles, as well as Raytheon's TOW missiles. Further, we design, build, and integrate weapons Stores Management Systems (SMS) for light attack aerial reconnaissance, ground, and sea platforms. The SMS plays a critical role in supporting the U.S. Special Operations Command (USSOCOM) Armed Overwatch Program. We provide 24/7 support service for Unmanned Aerial System (UAS) detection, enforcing the Federal Aviation Administration (FAA) restricted airspace for NASA's Kennedy Space Center. We also produce high-power, quiet controls designed and built for many naval vessels including surface ships, Unmanned Undersea Vehicles (UUVs) and submarines such as the U.S. Los Angeles, Seawolf, Virginia, Ohio and Columnia Class. Our torpedo actuation can be found on the MK48 heavyweight torpedo. All our defense solutions are supported by Moog Total Support for defense sustainment services.

Also, we design and manufacture various component products that serve both the space and defense segments by providing mission critical power, data and motion control capabilities. Slip rings allow unimpeded rotation while delivering power and data through a rotating interface. Our motion control products include high-performance motors, position feedback devices and actuators. The military electronics include a range of transceiver and Ethernet-based devices. These capabilities can be vertically integrated to support a broad range of applications which include military vehicles, aircraft, missiles, radar, and satellites.
Industrial Systems. We provide customized machine performance components and systems utilizing electrohydraulic, electromechanical and control technologies in applications involving motion control, fluid control and power and data management across a variety of markets.
In the industrial automation market, we design, manufacture and integrate components and systems for applications in injection and blow molding machinery, metal forming presses and heavy industry for steel and aluminum production. Our components and systems allow for precise controls of critical parameters in the industrial manufacturing processes, using both hydraulic and electric technologies. Other industrial automation applications we serve include material handling and paper mills.
In the simulation and test market, we supply electromechanical motion simulation bases for the flight simulation and training applications. We also supply custom test systems and controls for automotive, structural and fatigue testing.
In the energy market, we supply solutions for power generation applications which allow for precise control and greater safety of fuel metering and guide vane positioning on steam and gas turbines. We also design and manufacture high reliability systems and components for applications in oil and gas exploration and production, including downhole drilling, topside and subsea environments. We supply high-reliability components for wind turbine applications.
In the medical market, we supply components and systems for diagnostic imaging CT scan medical equipment, sleep apnea equipment, oxygen concentrators, infusion therapy and enteral clinical nutrition.
Our components product categories include hydraulics, slip rings, rotary unions and fiber optic rotary joints, motors and infusion and enteral pumps and associated sets across similar markets.
Hydraulic components include high-performance servo valves with mechanical or electronic feedback, high-dynamic performance hydraulic servo pumps, energy-efficient electro hydrostatic actuators and complex hydraulic manifold systems.
Slip rings, rotary unions and fiber optic rotary joints come in a range of sizes that allow them to be used in many applications, including diagnostic imaging CT scan medical equipment, construction equipment, remotely operated vehicles and floating platforms for offshore oil exploration, surveillance cameras and wind turbines.
Electric motors are used in an equally broad range of solutions, many of which are the same as for slip rings. We design and manufacture a series of fractional horsepower brushless motors that provide extremely low acoustic noise and reliable long life operation, with the largest programs being sleep apnea equipment and data center cooling. Industrial customers use our motors for material handling and electric pumps.
Infusion therapy products include infusion pumps and associated administration sets. They offer IV, intra-arterial, subcutaneous or epidural flow of fluids and precise medicine delivery and can be applied to many applications, including hydration, nutrition, patient-controlled analgesia, local anesthesia, chemotherapy and antibiotics.
Enteral clinical nutrition products include a complete line of portable and stationary pumps along with disposable sets. They are designed for ease of use and mobility. Medical customers use our enteral feeding products in the delivery of enteral nutrition for patients in their own homes, hospitals and long-term care facilities.
Disaggregation of net sales by segment are as follows:
Market Type202220212020
Net sales:
Military$745,376 $781,921 $721,024 
Commercial511,085 379,317 484,726 
Aircraft Controls1,256,461 1,161,238 1,205,750 
Space337,773 332,946 294,254 
Defense534,570 466,289 475,860 
Space and Defense Controls872,343 799,235 770,114 
Energy125,574 120,173 127,693 
Industrial Automation435,074 427,076 405,291 
Simulation and Test99,815 89,459 102,600 
Medical246,516 254,812 273,106 
Industrial Systems906,979 891,520 908,690 
Net sales$3,035,783 $2,851,993 $2,884,554 
Customer Type202220212020
Net sales:
Commercial$511,085 $379,317 $484,726 
U.S. Government (including OEM)566,855 617,034 593,093 
Other178,521 164,887 127,931 
Aircraft Controls1,256,461 1,161,238 1,205,750 
Commercial111,569 126,751 133,715 
U.S. Government (including OEM)704,675 614,984 571,045 
Other56,099 57,500 65,354 
Space and Defense Controls872,343 799,235 770,114 
Commercial891,238 865,269 877,148 
U.S. Government (including OEM)7,565 18,510 23,184 
Other8,176 7,741 8,358 
Industrial Systems906,979 891,520 908,690 
Commercial1,513,892 1,371,337 1,495,589 
U.S. Government (including OEM)1,279,095 1,250,528 1,187,322 
Other242,796 230,128 201,643 
Net sales$3,035,783 $2,851,993 $2,884,554 

Revenue Recognition Method202220212020
Net sales:
Over-time$1,003,432 $939,251 $1,018,190 
Point in time253,029 221,987 187,560 
Aircraft Controls1,256,461 1,161,238 1,205,750 
Over-time806,994 746,613 700,068 
Point in time65,349 52,622 70,046 
Space and Defense Controls872,343 799,235 770,114 
Over-time121,405 122,066 152,366 
Point in time785,574 769,454 756,324 
Industrial Systems906,979 891,520 908,690 
Over-time1,931,831 1,807,930 1,870,624 
Point in time1,103,952 1,044,063 1,013,930 
Net sales$3,035,783 $2,851,993 $2,884,554 
Operating profit is net sales less cost of sales and other operating expenses, excluding interest expense, equity-based compensation expense, non-service pension expense and other corporate expenses. Cost of sales and other operating expenses are directly identifiable to the respective segment or allocated on the basis of sales, manpower or profit. Operating profit by segment and reconciliations to consolidated amounts are as follows:
202220212020
Operating profit:
Aircraft Controls$123,620 $96,678 $34,670 
Space and Defense Controls86,844 88,333 101,667 
Industrial Systems72,384 85,948 80,025 
Total operating profit282,848 270,959 216,362 
Deductions from operating profit:
Interest expense36,757 33,892 38,897 
Equity-based compensation expense8,882 7,461 5,661 
Pension settlement — 121,324 
Non-service pension expense (income)6,072 (2,194)15,231 
Corporate and other expenses, net28,158 28,026 29,832 
Earnings before income taxes$202,979 $203,774 $5,417 
Depreciation and amortization:
Aircraft Controls$42,337 $41,580 $39,782 
Space and Defense Controls19,399 18,655 18,039 
Industrial Systems26,515 29,731 28,644 
Corporate138 193 507 
Total depreciation and amortization$88,389 $90,159 $86,972 
Identifiable assets:
Aircraft Controls$1,469,968 $1,471,338 $1,322,335 
Space and Defense Controls873,341 839,783 761,874 
Industrial Systems1,046,754 1,078,025 1,102,222 
Corporate41,778 44,023 39,400 
Total assets$3,431,841 $3,433,169 $3,225,831 
Capital expenditures:
Aircraft Controls$70,526 $63,514 $47,954 
Space and Defense Controls44,255 39,863 22,505 
Industrial Systems24,620 25,338 17,700 
Corporate30 19 125 
Total capital expenditures$139,431 $128,734 $88,284 
Sales, based on the customer’s location, and property, plant and equipment by geographic area are as follows:
202220212020
Net sales:
United States$2,041,952 $1,935,626 $1,873,667 
Germany164,388 148,739 175,598 
Japan87,435 108,813 159,025 
Other742,008 658,815 676,264 
Net sales$3,035,783 $2,851,993 $2,884,554 
Property, plant and equipment, net:
United States$466,427 $438,851 $389,454 
United Kingdom61,950 62,662 58,888 
Philippines32,905 35,851 37,270 
Other107,626 108,414 114,886 
Property, plant and equipment, net$668,908 $645,778 $600,498 
Sales to Boeing were $339,119, $345,907 and $402,960, or 11%, 12% and 14% of sales, in 2022, 2021 and 2020, respectively, including sales to Boeing Commercial Airplanes of $139,615, $118,549 and $206,648 in 2022, 2021 and 2020, respectively. Sales to Lockheed Martin were $260,902, $330,778 and $366,609, or 9%, 12% and 13% in 2022, 2021 and 2020, respectively. Sales arising from U.S. Government prime or sub-contracts, including military sales to Boeing and Lockheed Martin, were $1,279,095, $1,250,528 and $1,187,322 in 2022, 2021 and 2020, respectively. Sales to Boeing, Lockheed Martin and the U.S. Government and its prime- or sub-contractors are made primarily from our Aircraft Controls and Space and Defense Controls segments.