Brief: Moog Says On Sept 8, Notified By U.S. Dcsa That Its Existing Facility Security Clearance Has Been "Invalidated"

Moog

11/09/2023 12:22

Sept 11 (Reuters) - Moog Inc  MOGa.N :
    * MOOG INC-  ON SEPT 8, NOTIFIED BY U.S. DCSA THAT ITS
EXISTING
FACILITY SECURITY CLEARANCE HAS BEEN "INVALIDATED"
    * MOOG- DUE TO CHANGE IN STATUS, MOOG CANNOT ENTER NEW
CONTRACTS
THAT NEED FACILITY SECURITY CLEARANCE UNTIL APPROVED MITIGATION
PLAN IS THERE
    * MOOG INC- INVALIDATION HAS NO IMPACT ON MOOG'S ABILITY TO
ENTER
INTO FUTURE CONTRACTS THAT DO NOT REQUIRE FACILITY SECURITY
CLEARANCES
    * MOOG INC- ONLY APPROXIMATELY 2% OF MOOG'S TOTAL REVENUE
FOR
PRIOR FISCAL YEAR WAS GENERATED FROM CONTRACTS THAT REQUIRE A
FACILITY SECURITY CLEARANCE
    * MOOG INC- INVALIDATION OF COMPANY'S FACILITY SECURITY
CLEARANCE
WILL NOT IMPACT ITS FISCAL 2023 FINANCIAL GUIDANCE
    * MOOG- EXISTING FACILITY SECURITY CLEARANCE "INVALIDATED"
ON
BASIS THAT CO'S SENIOR MANAGEMENT OFFICIAL, CEO PAT ROCHE, IS
NOT  U.S. CITIZEN

Source text for Eikon:  ID: 
Further company coverage:  MOGa.N 

 ((Reuters.Brief@thomsonreuters.com;))