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Moog Acquires Broad Reach

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Moog Pays $48M to Acquire the Satellite Avionics Maker

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Manufacturing Group January 3, 2013

Moog Inc. has acquired Golden, CO-based Broach Reach Engineering Co. for approximately $48 million to add spacecraft avionics and communications products and services to Moog’s line-up of precision control systems for satellites and launch vehicles.

“This acquisition gives us a capability from mission design through mission execution for commercial and military aerospace customers worldwide,” says Jay Hennig, president of Moog’s Space and Defense Group. “Broad Reach has extensive spaceflight heritage and an entrepreneurial spirit that impresses us.”

Broad Reach’s partnership with JPL to develop a new generation of GPS along with its strategic work with organizations such as Boeing, Lockheed, NASA, and Orbital Sciences Corp. are some of the projects and alliances that attracted Moog. Broad Reach Engineering’s products include spacecraft core avionics, a radiation-hardened microprocessor, spacecraft bus software, GPS, payload avionics, and ground support hardware and software. Broad Reach has supplied avionics for the AFRL’s XSS-11 mission, NASA's LRO, and LADEE lunar missions and gimbal drivers on the International Space Station.

“Broad Reach's and Moog's avionics products are different, but obviously complementary and proven,” saysChris McCormick, CEO of Broad Reach Engineering. “But it’s the spaceflight heritage between our respective companies’ ears that can help us capitalize on market trends like the move toward small, reliable spacecraft.”

Broad Reach Engineering employs approximately 60 people at locations in Golden, CO, San Jose, CA, and Tempe, AZ. These employees – a mix of engineers, support personnel and manufacturing workers – will begin working for Moog effective immediately.

McCormick will join Moog as group vice president of the Space and Defense Group’s Space Sector replacing industry veteran Doug Morash who is retiring.

Prior to the acquisition, Moog joined Broad Reach Engineering as an investor in PlanetIQ, a start-up company that plans to launch a constellation of micro satellites to gather real-time data about the earth and its atmosphere.
 

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