Moog

Moog develops launch vehicle and strategic missile controls for the Minuteman III (US) and Trident (D5) (US & UK) missiles.

Company profile

Moog, based in the US, manufactures precision motion control components and systems for applications in aircraft, automotive, defence and space, energy, marine and medical industries.[a]

In the financial year ending 3 October 2015, Moog reported revenues of US$ 2.5 billion (€ 2.2 billion), resulting in an operating income of US$ 183.8 million (€ 164.0 million) and a net profit of US$ 131.9 million (€ 117.7 million).[b]

Contact Information

Website: Twitter: Facebook:
www.moog.com @MoogComponents www.facebook.com/MoogInc

Nuclear weapons

Moog has developed launch vehicle and strategic missile controls for the Minuteman III and Trident (D5) missiles.[i] Moog acts as a subcontractor for Lockheed Martin, providing Trident (D5) first, second, and third State Servo Actuator Assemblies.[ii]

In November 2014, Moog was awarded a US$ 33.8 million (€ 27.1 million) contract to supply more than one thousand actuators for the next ten Virginia-class nuclear submarines which are under construction under the lead of General Dynamics Electric Boat. Moog’s actuators perform a variety of functions in the submarine, including elements of the torpedo launch sequence.[iii]

According to company information, Moog won two two-year technology development studies in 2015 for the Ground Based Strategic Deterrent (GBSD). Moog explores new concepts for replacing the Minuteman III ICBM after 2030, including a Thrust Vector Control (TVC) study and a Post-Boost Propulsion System study.[iv]

Investors

Investors

The following financial institutions have made approximately US$ 5,049 million available to this producer since January 2013.

  • Allianz
  • American Family
  • American International Group (AIG)
  • American United Mutual Insurance
  • Ameriprise Financial
  • Anthem
  • Arrowstreet Capital
  • Bank of America
  • Bank of New York Mellon
  • BB&T
  • BlackRock
  • BPCE Group
  • Capital Group
  • Charles Schwab
  • Cigna
  • Citizens Financial Group
  • Credit Suisse
  • Deutsche Bank
  • Dimensional Fund Advisors
  • Earnest Partners
  • Eaton Vance
  • Fidelity Investments
  • Fifth Third Bancorp
  • First Horizon
  • First Niagara Financial
  • Geode Capital Management
  • GGCP
  • Goldman Sachs
  • Guggenheim Capital
  • HSBC
  • Invesco
  • JPMorgan Chase
  • Liberty Mutual Insurance
  • LSV Asset Management
  • M&T Bank
  • Mark R. Shenkman Revocable Trust
  • MassMutual Financial
  • Mitsubishi UFJ Financial
  • Mizuho Financial
  • Moog Pension Fund
  • New York Life Insurance
  • New York State Common Retirement Fund
  • Northern Trust
  • Norwegian Government Pension Fund – Global
  • Orix Corporation
  • Pacific Century Group
  • PNC Financial Services
  • Power Financial Corporation
  • Principal Financial Group
  • Regions Financial
  • Renaissance Technologies
  • Royal Bank of Canada
  • Royal Bank of Scotland
  • Santander
  • StanCorp Financial
  • State Street
  • T. Rowe Price
  • TIAA-CREF
  • Travelers
  • US Bancorp
  • Vanguard
  • Voya Financial
  • Wedge Capital Management
  • Wellington Management
  • Wells Fargo
  • Williams Capital Group
  • Zeo Capital Advisors

This page was last updated 30 November 2016.

Notes

[a]       Moog, “Markets”, Website Moog (www.moog.com/markets/), viewed June 2016.

[b]      Moog, “Annual report 2015”, Moog, November 2014 (www.moog.com/literature/Corporate/Investors/Annual_Report/2015/Moog_2015_Annual_Report_Complete.pdf).

[i]       Moog, “Annual report 2015”, Moog, November 2014 (www.moog.com/literature/Corporate/Investors/Annual_Report/2015/Moog_2015_Annual_Report_Complete.pdf);
Moog, “Missile systems”, Website Moog (www.moog.com/markets/defense/missile-systems-overview/), viewed June 2016.

[ii]      Lockheed Martin Space Systems, “Lockheed Martin Space Systems Company Quality Clauses”, Lockheed Martin, October 2012 (www.lockheedmartin.com/content/dam/lockheed/data/corporate/documents/suppliers/spacedoc/spacedoc-253-01-10092012.pdf).

[iii]      Moog, “Moog Awarded Contract for Mission Critical Actuators for U.S. Navy Virginia-Class Nuclear Submarines”, News release Moog, 20 November 2014 (www.moog.com/news/operating-group-news/2014/moog-awarded-contract-for-mission-critical-actuators-for-u-s–navy-virginia-class-nuclear-submarines.html).

[iv]     Moog, “Moog Wins Two Technology Development Studies for Ground Based Strategic Deterrent”, Website Moog, 17 September 2015 (www.moog.com/news/operating-group-news/2015/moog-wins-two-technology-development-studies-for-ground-based-strategic-deterrent.html/).

Producers

In some nuclear-armed states – in particular the United States, the United Kingdom and France – private companies are hired by governments to carry out work on maintaining and modernising nuclear arsenals. This report looks at companies that are providing the necessary components to develop, test, maintain and modernise nuclear weapons.The contracts these companies have with nuclear armed countries are for materials and services to keep nuclear weapons in their arsenals. The companies described are substantially involved in the nuclear weapons programmes of the United States, the United Kingdom, France, or India and are themselves based in France, India, Italy, the Netherlands, the United Kingdom and the United States.

In other nuclear-armed countries –Russia, China, Pakistan and North Korea – the maintenance and modernization of nuclear forces is carried out primarily or exclusively by government agencies.

Methodology

The nuclear weapon producers identified were selected on the basis of a predetermined set of criteria.
– Information on investments is publicly available.
– The company is directly involved in the development, testing, production, maintenance or trade of nuclear weapons related technology, parts, products or services.
– The company’s involvement is related to warheads, or to delivery systems such as missiles, that are specifically developed for nuclear tasks. This includes technology that is designed for ‘dual use’ (military and civilian) but excludes technology that is not designed for, but can be used in nuclear warfare. It does not include delivery platforms such as bombers and submarines.

State owned or controlled nuclear industries are outside the scope of this research, as are companies not publicly listed. Our research uncovered a number of Universities involved in nuclear weapons programmes, but these are also outside the scope of the report.

The list of nuclear weapon producers investigated was compiled through a wide variety of sources, including financial institution exclusion lists, civil society reports, media reports, etc. Additional details on the contracts and components can be found in the Annex. We welcome information at any time about possible nuclear weapons producing companies to investigate.