Press release

Moog Announces Cash Dividend

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The Board of Directors of Moog Inc. (NYSE: MOG.A and MOG.B) has declared
a quarterly dividend of $.25 per share on the Company’s issued and
outstanding shares of Class A common stock and Class B common stock. The
dividend will be paid on June 3, 2019 to all shareholders of record as
of the close of business on May 15, 2019.

The dividend represents a use of cash of approximately $9 million.
Future declarations of quarterly dividends are subject to the
determination and discretion of Moog’s Board of Directors.

Moog Inc. is a worldwide designer, manufacturer, and integrator of
precision control components and systems. Moog’s high-performance
systems control military and commercial aircraft, satellites and space
vehicles, launch vehicles, missiles, automated industrial machinery,
marine and medical equipment. Additional information about the company
can be found at www.moog.com.

Cautionary Statement

Information included or incorporated by reference in this report that
does not consist of historical facts, including statements accompanied
by or containing words such as “may,” “will,” “should,” “believes,”
“expects,” “expected,” “intends,” “plans,” “projects,” “approximate,”
“estimates,” “predicts,” “potential,” “outlook,” “forecast,”
“anticipates,” “presume” and “assume,” are forward-looking statements.
Such forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements reflect the Company’s current views
with respect to certain current and future events and financial
performance and are not guarantees of future performance. This includes
but is not limited to, the Company’s expectation and ability to pay a
quarterly cash dividend on its common stock in the future, subject to
the determination by the board of directors, and based on an evaluation
of company earnings, financial condition and requirements, business
conditions, capital allocation determinations and other factors, risks
and uncertainties. The impact or occurrence of these could cause actual
results to differ materially from the expected results described in the
forward-looking statements. These important factors, risks and
uncertainties include:

  • the markets we serve are cyclical and sensitive to domestic and
    foreign economic conditions and events, which may cause our operating
    results to fluctuate;
  • we operate in highly competitive markets with competitors who may have
    greater resources than we possess;
  • we depend heavily on government contracts that may not be fully funded
    or may be terminated, and the failure to receive funding or the
    termination of one or more of these contracts could reduce our sales
    and increase our costs;
  • we make estimates in accounting for over time contracts, and changes
    in these estimates may have significant impacts on our earnings;
  • we enter into fixed-price contracts, which could subject us to losses
    if we have cost overruns;
  • we may not realize the full amounts reflected in our backlog as
    revenue, which could adversely affect our future revenue and growth
    prospects;
  • if our subcontractors or suppliers fail to perform their contractual
    obligations, our prime contract performance and our ability to obtain
    future business could be materially and adversely impacted;
  • contracting on government programs is subject to significant
    regulation, including rules related to bidding, billing and accounting
    kickbacks and false claims, and any non-compliance could subject us to
    fines and penalties or possible debarment;
  • the loss of The Boeing Company as a customer or a significant
    reduction in sales to The Boeing Company could adversely impact our
    operating results;
  • our new product research and development efforts may not be successful
    which could reduce our sales and earnings;
  • our inability to adequately enforce and protect our intellectual
    property or defend against assertions of infringement could prevent or
    restrict our ability to compete;
  • our business operations may be adversely affected by information
    systems interruptions, intrusions or new software implementations;
  • our indebtedness and restrictive covenants under our credit facilities
    could limit our operational and financial flexibility;
  • significant changes in discount rates, rates of return on pension
    assets, mortality tables and other factors could adversely affect our
    earnings and equity and increase our pension funding requirements;
  • a write-off of all or part of our goodwill or other intangible assets
    could adversely affect our operating results and net worth;
  • our sales and earnings may be affected if we cannot identify, acquire
    or integrate strategic acquisitions, or if we engage in divesting
    activities;
  • our operations in foreign countries expose us to political and
    currency risks and adverse changes in local legal and regulatory
    environments;
  • unforeseen exposure to additional income tax liabilities may affect
    our operating results;
  • government regulations could limit our ability to sell our products
    outside the United States and otherwise adversely affect our business;
  • the failure or misuse of our products may damage our reputation,
    necessitate a product recall or result in claims against us that
    exceed our insurance coverage, thereby requiring us to pay significant
    damages;
  • we are involved in various legal proceedings, the outcome of which may
    be unfavorable to us;
  • future terror attacks, war, natural disasters or other catastrophic
    events beyond our control could negatively impact our business; and
  • our operations are subject to environmental laws, and complying with
    those laws may cause us to incur significant costs.

These factors are not exhaustive. New factors, risks and uncertainties
may emerge from time to time that may affect the forward-looking
statements made herein. Given these factors, risks and uncertainties,
investors should not place undue reliance on forward-looking statements
as predictive of future results. We disclaim any obligation to update
the forward-looking statements made in this report.