10-K FY 2022 FINAL MOOG Inc - 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, 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 2022.
Human Capital Resources. Moog possesses a unique culture that fuels our business success. Our nearly 14,000
employees across over 20 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:
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 2022, we hired 1,792 new regular employees throughout the world.
Diversity, Equity and Inclusion
Moog aspires to be diverse, equitable, and inclusive, where employees are empowered to bring their whole, authentic
selves to work every day. We believe being diverse, equitable and inclusive is better for all of our employees,
customers and shareholders.
During 2022, we continued to make progress toward our Diversity, Equity and Inclusion ("DE&I") strategy. In support
of this strategy, we:
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Grew our DE&I curriculum to continue to help our employees understand the value of inclusivity, the very
different experiences people have, and the role we all must play in creating an inclusive and welcoming
environment at Moog.
Honored employees from different backgrounds and helped increase understanding through a variety of
monthly celebrations, including, but not limited, to Black History Month, International Women’s Day, and Pride
Month.
Expanded our pilot of Employee Resource Groups ("ERGs") to include Veterans and LGBTQ+. Our ERGs are
voluntary, employee-led, corporate-supported groups that are organized primarily around a defined
characteristic, special interest, or life experience. We currently have five ERG chapters focused on
Employees of Color, Women (2 chapters), Veterans and LGBTQ+.
At Moog, we are continuously striving to ensure the diversity of our organization more fully represents the diversity of
the communities in which we operate.
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