SEC charges Moog with FCPA violations for subsidiary’s role in bribery scheme

The Securities and Exchange Commission announced that Moog Inc., a New York-based global manufacturer of motion controls systems for aerospace, defense, industrial and medical markets, agreed to pay a civil penalty of $1.1M to resolve the SEC’s charges that it violated the Foreign Corrupt Practices Act, or FCPA, arising out of bribes paid by its wholly owned Indian subsidiary, Moog Motion Controls Private Limited.