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Moog designs and builds components and systems that precisely control movement and fluid flow. Aerospace and defense generate most of its sales, with defense the largest market. Equipment manufacturers pay Moog to supply and integrate controls into aircraft, missiles, space vehicles and other equipment. Its flight-control systems are used on programs including the Boeing 787 and Airbus A350. It also supplies industrial and medical equipment, including machinery controls, medical devices and flight-training simulators.
Most revenue comes from supplying equipment manufacturers. Once products are in service, Moog also sells spare and replacement parts and performs repairs and overhauls; major customers for this work include the U.S. Government and commercial airlines. Much of its aerospace and defense business comes from a small group of large manufacturers under long-term agreements. Boeing is a significant customer.
Demand depends on defense-program funding, Boeing and Airbus aircraft production, and the maintenance needs of aircraft already flying. Industrial demand also depends on customers’ equipment investment. U.S. Government contracts supply a substantial share of sales and can be terminated by the government. International sales require export licenses and regulatory compliance, while U.S. sanctions restrict whom Moog can sell to.
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Watch Airbus, absent from this list: its production rates and A350 fleet utilization also shape Moog’s commercial aircraft results.
Woodward competes with Moog to sell aircraft manufacturers and defense contractors equipment that controls fluid flow and movement. Its aerospace fluid- and motion-control business is the part to watch for competitive pressure on Moog, rather than its industrial business.
Curtiss-Wright and Moog both sell equipment whose reliability is essential to aerospace, defense and industrial customers, exposing them to defense procurement, aircraft production and industrial investment. Curtiss-Wright’s Aerospace & Industrial business offers a closer comparison for Moog than its commercial nuclear-power activities.
Boeing buys Moog controls for commercial aircraft, military aircraft and space programs, accounting for 10% of Moog’s 2025 sales. Watch production rates for Boeing’s airline jets: labor or supply-chain delays can push back demand for Moog’s flight controls.
Textron Bell’s MV-75 ramp-up is driving growth at Moog, which develops the aircraft’s flight controls and the systems that move its control surfaces. Progress on that program is a concrete signal for Moog’s military-aircraft sales to manufacturers.
Lockheed Martin’s F-35 program brings Moog revenue from flight-control equipment for new aircraft and support for the existing fleet; Lockheed’s main customers are U.S. government agencies and allies. Watch F-35 production and fleet maintenance needs for clues to Moog’s equipment, spare-parts and repair demand.
Eaton’s aerospace business competes with Moog for aircraft manufacturers’ purchases of equipment that uses fluid pressure and moves aircraft components—hydraulic and actuation systems.
Crane and Moog both sell essential aerospace components to aircraft manufacturers and earn follow-on revenue supporting those products in service. Crane’s aftermarket sales—34% of its Aerospace & Advanced Technologies sales in 2025—offer a read on aircraft maintenance demand alongside new-aircraft production.
Ducommun Incorporated shares Moog’s exposure to aircraft production and defense-equipment procurement: it sells electronics and structures to aerospace and defense customers, while Moog supplies motion and flight controls. Its Structural Systems sales to commercial and military aircraft and military ground-vehicle customers are the relevant comparison.
GE Aerospace and Moog both depend on aircraft deliveries and fleet flying hours: GE sells and services engines, while Moog supplies flight controls to manufacturers and maintains them for aircraft operators. GE’s commercial engine maintenance and spare-parts sales offer a useful comparison for demand in Moog’s commercial aftermarket business.
Howmet Aerospace and Moog sell into the same commercial and military aircraft production cycle, with Howmet supplying engine and airframe parts and Moog supplying flight controls. Watch Howmet’s aerospace engine-component sales, rather than its industrial turbine or commercial-vehicle products, for the relevant demand signal.
ESCO Technologies, Inc. shares Moog’s exposure to aerospace production and naval and missile procurement, selling fluid-control and naval equipment while Moog supplies motion controls for aircraft, missiles and naval platforms. ESCO’s Aerospace & Defense business is the relevant read-through, not its utility or testing businesses.
Embraer’s E195-E2 production and support needs feed demand for Moog’s flight-control products; Embraer makes aircraft and provides services to commercial, executive and defense customers. Watch E195-E2 production and fleet support rather than Embraer’s total sales, which also include other aircraft businesses.
GE Aerospace earningsGE
GE Aerospace’s report will show whether airlines are buying engine service and spare parts, a read on the fleet-maintenance demand Moog also serves with commercial-aircraft controls.
Watch GE Aerospace’s commercial-engine service and spare-parts activity. Strength would indicate airlines are keeping aircraft in service and maintaining them, supporting demand for Moog’s commercial-aircraft repairs and replacement controls; weakness would mean less support from this shared aftermarket.
Moog Inc. earningsThis company
Moog’s report will show whether aircraft and defense work is converting into sales without squeezing the margins on its fixed-price contracts.
Read sales growth alongside operating margin in the aerospace and defense segments. Rising sales with stable or improving margins would show that added production and service work is earning profit; rising sales with falling margins would show costs or contract-estimate changes are eating into the growth.
