10-K FY 2022 FINAL MOOG Inc - Flipbook - Page 17
Table of Contents
GENERAL RISKS
Future terror attacks, war, natural disasters or other catastrophic events beyond our control could negatively
impact our business. Terror attacks, war or other civil disturbances, natural disasters and other catastrophic events
could lead to economic instability and decreased demand for commercial products, which could negatively impact our
business, financial condition, results of operations and cash flows. From time to time, terrorist attacks worldwide have
caused instability in global financial markets and in the aviation industry. Also, our facilities and suppliers are located
throughout the world and could be subject to damage from fires, floods, earthquakes or other natural or man-made
disasters. Although we carry third party property insurance covering these and other risks, our inability to meet
customers' schedules as a result of a catastrophe may result in the loss of customers or significantly increase costs,
including penalty claims under customer contracts.
Our performance could suffer if we cannot maintain our culture as well as attract, retain and engage our
employees. We believe our culture is our strongest asset and is the foundation of our business. Our culture focuses
on trust, respect, collaboration, confidence and empowerment. Our strong culture allows us to recruit and retain toplevel talent. Focusing on talent in the organization is one of our three company-wide initiatives, along with lean and
innovation. We believe our employees and our experienced leadership group are competitive advantages, as the best
people, over time, produce the best results. If we are unable to carry these values forward by not attracting the most
talented candidates, by not retaining and engaging our global workforce including our senior management team, or by
not investing in their talent and personal development, our operational and financial performances could suffer.
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