The company just announced their final FY2016 financial results and it looks like another year of falling sales revenues.
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Zero investment in R&D. Down goes the company.
Moog hasn't seen any true innovation in years. Scannell doesn't have an innovative bone in his body. His strategy seems to be to cut anything that isn't 100% allocated to a customer order leaving zero room for proactive growth. Instead he willing to simply ride the wave of external forces and hope for the best. Could be a good strategy if Trump succeeds in his efforts to increase military spending. Still, I don't see him lasting more than another year. The company had seen year over year growth for lose to a decade before him. Since he arrived the Cao money has had zero growth and is in fact declining.
If sales continue to fall, its almost inevitable that layoffs will have to occur.