Moog Inc. Acquires Poly-Scientific Division from Northrop Grumman
September 16, 2003
Moog Inc. has closed the acquisition of the assets of Northrop Grumman's Poly-Scientific (Poly-Sci) Division for a purchase price of $158 million. Poly-Sci is a manufacturer of motion-control and data-transmission devices (including electrical and fiber-optic slip rings, brushless DC motors and electromechanical actuators), employs about 1,000 people across three U.S. locations and generated roughly $133 million in sales in 2002.
- Buyers
- Moog Inc.
- Targets
- Poly-Scientific (Poly-Sci) Division
- Sellers
- Northrop Grumman Corporation
- Industry
- Manufacturing
- Location
- United States
- Transaction Type
- Divestiture
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