What Moog Inc. told the SEC could break it.

As a defense supplier, Moog's ability to sell outside the U.S. depends on export licenses and compliance with export-control, sanctions and technology-transfer rules; it has filed voluntary disclosures for certain violations.

“the U.S. government has established, and from time to time revises, sanctions that restrict or prohibit U.S. companies and their subsidiaries from doing business with certain foreign countries, entities and individuals.”

Recently implemented U.S. tariffs on steel, aluminum and other raw materials (plus potential further/retaliatory tariffs and US-China trade uncertainty) could raise costs, reduce raw-material availability, and lift aircraft prices that dampen customer orders.

“The tariffs recently implemented in the U.S. on steel, aluminum and other raw materials, potential of further tariffs and potential retaliatory actions by other countries could increase costs and reduce availability of raw materials.”

Boeing was ~10% of Moog's sales in FY2025 (10%/12%/11% over three years); additional concentration comes from U.S. Government prime and sub-contracts in its Military Aircraft and Space & Defense segments.

“Sales to Boeing were $ 396,784 , $ 417,275 and $ 349,961 , or 10 %, 12 % and 11 % of sales, in 2025, 2024 and 2023, respectively.”

Although Moog generally buys from numerous suppliers, certain components and sub-assemblies are obtained from a single supplier or limited group of suppliers, creating concentrated dependency for those parts.

“some business conditions cause us to obtain certain components and sub-assemblies from a single supplier or a limited group of suppliers.”