Moog Inc. (MOG-A), PONAR Wadowice S.A. Sign MOU to Advance European Aerospace and Defense Capabilities

The agreement, signed successful Krakow, is simply a important milestone successful the company's quest to fortify U.S.-Polish practice and beforehand aerospace and defence capabilities crossed Europe.

According to Moog Inc. (NYSE:MOG-A)'s property release, the MOU volition absorption connected moving unneurotic with PONAR Wadowice connected hydraulic and electro-hydrostatic actuation systems for defence and subject aerospace applications successful enactment with the requirements of Poland's information forces and different European customers.

These volition see aviation trial instrumentality and different related hardware to fortify the capabilities of the continent's militaries.

In different news, TD Cowen expert Gautam Khanna lifted the firm's terms people connected the banal to $450 from $350 connected June 10 and reiterated a Buy rating. The caller terms people reflects an upside imaginable of 6% from Monday's close.

Moog Inc. (NYSE:MOG-A) designs, manufactures, and integrates precision question and fluid controls and power systems for manufacturers and extremity users successful the aerospace, defense, and concern markets. The banal has gained 75% year-to-date arsenic of the adjacent connected June 29.

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