Moog and COMAC sign Letter of Intent for C919 high lift system

Moog Inc. (NYSE: MOG.A) (NYSE:and) (NYSE:MOG.B) and the Commercial Aircraft Corporation of China (COMAC) signed a letter of intent today for the development of the High Lift System for the C919, COMAC's new narrow body commercial transport.

The letter of intent is a framework agreement to commence the joint development phase of the C919 High Lift System in parallel with definitizing contract terms for the production program. The High Lift System includes all flap and slat actuation, pilot interfaces, electronic controls, power drive units, wing tip brakes, gearboxes and miscellaneous components.

COMAC has forecasted a global market for more than 2,000 C919 aircraft over the 20 years following entry into service, planned for 2016.

Warren Johnson, President of Moog's Aircraft Group, stated, "China is the world's fastest growing aviation market and the C919 represents a key opportunity for Moog to participate in this growth. We are very proud of our selection by COMAC and of our position as a key system supplier on this prestigious program."

Moog has separately entered into a cooperation agreement with Qing'an Group, an industrial partner and subsidiary of the Aviation Industries of China, who will participate with Moog on this project.