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Moog Australia looking to triple revenue, double employees over next five years

Local designer, manufacturer and integrator of precision control components and systems, Moog Australia, has announced it expects to triple its revenue and double its employees by 2024 thanks to the Centre for Defence Industry Capability (CDIC), with the federal government investing $200 billion into Defence.

Moog supplies "mission critical" sub-systems and components on numerous platforms, including the F-35 Lightning II Joint Strike Fighter (JSF), F/A-18 Hornet and Super Hornet, Black Hawk, AP-3C Orion, ASLAV, M113, and Collins Class submarines.

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“We engaged with the CDIC to undertake business mapping to determine how our workforce skills align with Defence needs,” Moog Australia managing director Bryan O’Connor said.

“With the assistance of the CDIC and the Australian Industry Group, we held a supply chain forum in which 60 companies took part. We presented an overview of our business, what we needed and how we propose to upskill suppliers. The CDIC then identified a number of companies matching the capability required and completed a skills assessment so they can participate in our supply chain."

CDIC also helped Moog to investigate on how the company could supply new infrastructure to Australia.

“The infrastructure we want to bring to Australia requires skills which are not being taught in Australia’s tertiary sector. We have had Australian employment positions open for two years that we were unable to fill," O'Connor said.

Moog has an employee base of 21 at its Melbourne headquarters, with the parent company employing 11,000 in 27 countries.

The company is working to develop a relationship with Monash University and Melbourne University, again helped by CDIC, in order to design new courses to provide students with skills they need to succeed in the defence industry.

“There is the long-term strategic role to work with universities and research. These defence platforms will be in circulation for 50 years and the CDIC can bring together industry, universities and research,” O’Connor said.

“It’s beneficial to have CDIC’s assistance. While we could do supplier assessments ourselves, the CDIC’s independence is advantageous to us and our suppliers when conducting a review and helping to fix the gaps. The CDICs independence ensures the companies in the supply chain are given more support meeting the Defence requirements that we wouldn’t be able to provide.”

 

 

Moog Australia looking to triple revenue, double employees over next five years
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