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Moog Inc Acquires Broad Reach Engineering Company


Wednesday, 2 Jan 2013 08:10am EST 

Moog Inc announced that it has acquired Broad Reach Engineering Company (BRE), located in Golden, Colorado. The purchase price is approximately $48 million, including $37 million in cash, a $6 million note payable and a $5 million potential earn out payment, based on the achievement of certain financial targets. Broad Reach, founded in 1997, is a designer and manufacturer of spaceflight electronics and software for aerospace, scientific, commercial and military missions. The company also provides ground testing, launch and on-orbit operations. Trailing twelve month revenues were approximately $27 million. 

Company Quote

73.86
-0.68 -0.91%
26 Nov 2014