FY2021 10-K Document - FINAL 11 15 21 - Flipbook - Page 5
Table of Contents
Patents. We maintain a patent portfolio of issued or pending patents and patent applications worldwide that generally
includes the U.S., Europe, China, Japan and India. The portfolio includes patents that relate to electrohydraulic,
electromechanical, electronics, hydraulics, components and methods of operation and manufacture as related to
motion control and actuation systems. The portfolio also includes patents related to wind turbines, robotics,
surveillance/security, vibration control and medical devices. We do not consider any one or more of these patents or
patent applications to be material in relation to our business as a whole. The patent portfolio related to certain medical
devices is significant to our position in this market as several of these products work exclusively together, and provide
us future revenue opportunities.
Research Activities. Research and development activity has been, and continues to be, significant for us. Research
and development expense was at least $110 million in each of the last three years and represented approximately 4%
of sales in 2021.
Human Capital Resources. Moog possesses a unique culture that fuels our business success. Our nearly 14,000
employees across over 25 countries work closely together, driven by a shared sense of purpose and a desire to do
the right thing. We value our ground-breaking, challenging work and what we stand for. We value the skill and
commitment of our talented workforce above all else. Whether it’s enabling a Mars Rover to land safely or helping to
support breakthrough advances in healthcare, together, we solve our customers’ most difficult challenges.
Although we are a successful, global business, our employees feel like they are amongst friends and are comfortable
being themselves. We empower them to find innovative ways of accomplishing things, and the scale of our business
means that careers can develop in exciting and unexpected directions. For prospective employees looking for
inspiring and meaningful work in a warm, respectful, family-like environment, Moog will feel like home.
In order to ensure we live our values and our culture stays unique and strong, our Board of Directors and executive
team put significant focus on our human capital resources. These are some of the key aspects of Moog’s human
capital strategy:
Managing Through the Global Pandemic
As we managed through the second year of the global pandemic, we continued to run our business in a manner that
was focused on maintaining the health and safety of our employees while meeting our customers’ requirements as an
essential business. We were able to effectively support a large number of employees working from home, developed
policies and educational materials with employee safety in mind, and re-configured our production environments to
maintain proper social distancing. We provided time-off and salary continuation benefits to employees affected by
COVID-19 in a manner consistent with our values.
As the pandemic continued through 2021, we:
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Added additional benefits to help our employees cope with personal challenges such as childcare, eldercare,
health care and schooling.
Sponsored on-site immunization clinics.
Provided “mental health” days.
Created training programs and support groups to help people balance changing work and personal
requirements brought on by the pandemic.
Created and implemented protocols for employees returning to the workplace.
We are very proud of how Moog and our people adapted during the pandemic. We are certainly stronger from the
multitude of business and personnel challenges we successfully worked through.
Moog deeply mourns the employees we lost to COVID-19.
Employee Recruitment
Moog actively seeks to attract the best talent from a diverse range of sources and industries in order to meet the
current and future demands of our business. We have established relationships with trade schools, world-class
universities, professional associations, and industry groups to proactively attract talent.
In 2021, we hired 1,348 new regular employees throughout the world.
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