Moog Inc. (NYSE: MOG.B) and Niron Magnetics announced a partnership to develop rare‑earth‑free actuator solutions for guided‑munition and other defense platforms. The collaboration will integrate Niron’s Iron‑Nitride (Fe16N2) magnet technology into Moog’s precision motion and fluid‑control systems, creating a domestic alternative to the U.S. reliance on rare‑earth magnets. The deal is positioned to strengthen supply‑chain resilience for the Department of Defense and aligns with the newly released Acquisition Transformation Strategy, which prioritizes domestic production of critical components.
Moog’s most recent quarterly results underscore the strategic value of the partnership. In the fiscal quarter ended September 30, 2025, Moog reported earnings per share of $2.56, beating the consensus estimate of $2.24 by $0.32 or 14%. Revenue rose to $1.05 billion, up 14% from $0.92 billion in the same period a year earlier. The earnings beat was driven by disciplined cost management and a favorable product mix that favored high‑margin defense and aerospace contracts, offsetting modest increases in raw‑material costs. Moog’s adjusted operating margin expanded to 13.0% from 12.5% a year earlier, reflecting pricing power in its core defense segment and efficient scale.
For the full year 2025, Moog generated $3.9 billion in sales, a 7% year‑over‑year increase, and reported an adjusted EPS of $8.69, up 11% from $7.78 in 2024. Management guided for fiscal 2026 sales of $4.2 billion and an adjusted EPS of $10.00, a 15% lift from the prior year’s guidance. The upward revision signals confidence in sustained demand for Moog’s motion‑control solutions and the expected commercial impact of the new rare‑earth‑free technology. The guidance also reflects Moog’s belief that the partnership will open new revenue streams in defense and potentially in commercial markets that require high‑performance, low‑cost magnetic actuators.
Niron Magnetics’ Iron‑Nitride technology offers higher magnetization than conventional rare‑earth magnets while using abundant iron and nitrogen, reducing both cost and supply‑chain risk. The partnership is a strategic fit: Moog’s expertise in precision motion control complements Niron’s scalable magnet production, creating a domestic supply chain that can meet the DoD’s demand for secure, high‑performance actuators. The collaboration also positions both companies to capture a growing market for rare‑earth‑free components, driven by national‑security concerns and the DoD’s push for domestic sourcing.
Jason Weiss, Moog’s Land and Sea Systems General Manager, said the partnership “strengthens supply‑chain resilience and enhances our ability to deliver uninterrupted support to the warfighter.” Jonathan Rowntree, Niron’s CEO, added that the joint effort “showcases American ingenuity at its finest, ensuring that our defense forces rely on reliable, secure technology.” Together, the comments highlight the strategic intent behind the deal: to secure critical defense capabilities while expanding Moog’s product portfolio and reinforcing its competitive moat in the defense market.
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