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MOOG BUYS TECSTAR UNIT THAT MAKES SATELLITE MOTORS

Moog in Elma bought the satellite business of Tecstar, giving it a stronger position in the rarified market for extra-terrestrial motors, the company announced Friday.

Moog paid something over $6.5 million for the business, which makes precision electrical equipment that unfurls satellites' solar panels and points their antennae back at Earth.

The business, located in Durham, N.C., will be moved to Moog's Chatsworth, Calif., operations, a spokeswoman said. About four of Tecstar's 50 employees will be recruited to move with the work.

Employment at Moog's Elma site will be unaffected.

The Chatsworth facility makes the same family of space-bound products as Tecstar. Among its past products were 57 motors and "actuators" for the Hubble Space Telescope.

The Tecstar division generates sales of $6.5 million a year, Moog said. Costs associated with moving production will absorb most of the profits from the new business in the current year, with profits growing in later years, the company said.

Moog class "A" shares rose 26 cents Friday on the New York Stock Exchange to $22.95.

e-mail: fwilliams@buffnews.com

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