Moog Announces Share Repurchase Program

Moog Announces Share Repurchase Program 
EAST AURORA, NY -- (Marketwired) -- 01/24/14 --  Moog Inc. (NYSE:
MOG.A) (NYSE: MOG.B) announced today that its Board of Directors has
amended its share repurchase program. The program includes both Class
A and Class B common shares, and permits the Company to buy up to an
aggregate of four million common shares at management's discretion.  
"Today we find ourselves in a relatively slow growth, slow
acquisition environment," said John Scannell, Chairman and CEO. "In
the short term we believe returning excess cash through a share
repurchase program will create the most value for our shareholders.
Longer term, we believe that there are significant growth
opportunities for our company which will drive value for our
investors. Therefore, in parallel with our buyback program, we will
continue to make significant investments in R&D and seek adjacent
acquisitions which complement our organic growth strategy." 
The transactions will be made in accordance with rules and
regulations of the U.S. Securities and Exchange Commission and other
rules that govern such purchases. Four million shares represent
approximately 9% of all shares of common stock outstanding.  
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 
Cautionary Statement
 Information included or incorporated by
reference in this report that does not consist of historical facts,
including statements accompanied by or containing words such as
"may," "will," "should," "believes," "expects," "expected,"
"intends," "plans," "projects," "approximate," "estimates,"
"predicts," "potential," "outlook," "forecast," "anticipates,"
"presume" and "assume," are forward-looking statements. Such
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
These statements are not guarantees of future performance and are
subject to several factors, risks and uncertainties, the impact or
occurrence of which could cause actual results to differ materially
from the expected results described in the forward-looking
statements. These important factors, risks and uncertainties include: 

--  the markets we serve are cyclical and sensitive to domestic and
    foreign economic conditions and events, which may cause our operating
    results to fluctuate;
--  we operate in highly competitive markets with competitors who may have
    greater resources than we possess;
--  we depend heavily on government contracts that may not be fully funded
    or may be terminated, and the failure to receive funding or the
    termination of one or more of these contracts could reduce our sales
    and increase our costs;
--  we make estimates in accounting for long-term contracts, and changes
    in these estimates may have significant impacts on our earnings;
--  we enter into fixed-price contracts, which could subject us to losses
    if we have cost overruns;
--  if our subcontractors or suppliers fail to perform their contractual
    obligations, our prime contract performance and our ability to obtain
    future business could be materially and adversely impacted;
--  contracting on government programs is subject to significant
    regulation, including rules related to bidding, billing and accounting
    kickbacks and false claims, and any non-compliance could subject us to
    fines and penalties or possible debarment;
--  the loss of Boeing as a customer or a significant reduction in sales
    to Boeing could adversely impact our operating results;
--  our new product research and development efforts may not be successful
    which could reduce our sales and earnings;
--  our inability to adequately enforce and protect our intellectual
    property or defend against assertions of infringement could prevent or
    restrict our ability to compete;
--  our business operations may be adversely affected by information
    systems interruptions, intrusions or new software implementations;
--  our indebtedness and restrictive covenants under our credit facilities
    could limit our operational and financial flexibility;
--  significant changes in discount rates, rates of return on pension
    assets, mortality tables and other factors could affect our earnings
    and equity and increase our pension funding requirements;
--  a write-off of all or part of our goodwill or other intangible assets
    could adversely affect our operating results and net worth;
--  our sales and earnings may be affected if we cannot identify, acquire
    or integrate strategic acquisitions, or if we engage in divesting
--  our operations in foreign countries expose us to political and
    currency risks and adverse changes in local legal and regulatory
--  unforeseen exposure to additional income tax liabilities may affect
    our operating results;
--  government regulations could limit our ability to sell our products
    outside the United States and could otherwise adversely affect our
--  the failure or misuse of our products may damage our reputation,
    necessitate a product recall or result in claims against us that
    exceed our insurance coverage, thereby requiring us to pay significant
--  future terror attacks, war, natural disasters or other catastrophic
    events beyond our control could negatively impact our business; and
--  our operations are subject to environmental laws, and complying with
    those laws may cause us to incur significant costs.

These factors are not exhaustive. New factors, risks and uncertainties
may emerge from time to time that may affect the forward-looking
statements made herein. Given these factors, risks and uncertainties,
investors should not place undue reliance on forward-looking
statements as predictive of future results. We disclaim any
obligation to update the forward-looking statements made in this
FAX -716/687-4457 
Ann Marie Luhr
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