FY2021 10-K Document - FINAL 11 15 21 - Flipbook - Page 17
Table of Contents
Item 1B.
Unresolved Staff Comments.
None.
Item 2.
Properties.
On October 2, 2021, we occupied 5,716,000 square feet of space, distributed by segment as follows:
Square Feet
Owned
Aircraft Controls
Space and Defense Controls
Industrial Systems
Corporate Headquarters
Total
Leased
Total
1,530,000
419,000
1,949,000
912,000
522,000
1,434,000
1,710,000
603,000
2,313,000
20,000
—
20,000
4,172,000
1,544,000
5,716,000
We have principal manufacturing facilities in the United States and countries throughout the world in the following
locations:
•
•
•
Aircraft Controls - U.S., Philippines and United Kingdom.
Space and Defense Controls - U.S., Ireland and United Kingdom.
Industrial Systems - U.S., Germany, India, Czech Republic, Italy, Japan, United Kingdom, China, Netherlands,
Costa Rica, Luxembourg, Canada, Lithuania and Philippines.
Our corporate headquarters is located in East Aurora, New York.
We believe that our properties have been adequately maintained, are generally in good condition and will be able to
accommodate our capacity needs to meet current levels of demand. We continuously review our anticipated
requirements for facilities and on the basis of that review, may from time to time acquire additional facilities, expand or
dispose of existing facilities. Operating leases for our properties expire at various times from 2022 through 2057.
Upon the expiration of our current leases, we believe that we will be able to either secure renewal terms or enter into
leases for alternative locations at market terms.
Item 3.
Legal Proceedings.
From time to time, we are involved in legal proceedings. We are not a party to any pending legal proceedings that
management believes will result in a material adverse effect on our financial condition, results of operations or cash
flows.
Item 4.
Mine Safety Disclosures.
Not applicable.
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