UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)


☒			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended ~~January~~March 328, 2026


☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _________ to _________

Commission file number 1-05129

MOOG Inc.

(Exact name of registrant as specified in its charter)

New York

16-0757636

(State or other jurisdiction of incorporation or organization)

(I.R.S. Employer Identification No.)

400 Jamison Road

East Aurora,

New York

14052-0018

(Address of Principal Executive Offices)

(Zip Code)

(716) 652-2000

(Registrant's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A common stock	MOG.A	New York Stock Exchange
Class B common stock	MOG.B	New York Stock Exchange

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Table of Contents

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.


Large accelerated filer	☒	Accelerated filer	☐
Non-accelerated filer	☐	Smaller reporting company	☐
		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

The number of shares outstanding of each class of common stock as of ~~January~~April 2317, 2026 was:

Class A common stock, 28,~~429~~439,~~116~~084 shares

Class B common stock, 3,~~296~~243,~~444~~472 shares

Table of Contents

QUARTERLY REPORT ON FORM 10-Q

TABLE OF CONTENTS

PART I

FINANCIAL INFORMATION

PAGE

Item 1

Financial Statements (Unaudited):

Consolidated Statements of Earnings

Consolidated Statements of Comprehensive Income

Consolidated Balance Sheets

Consolidated Statements of Shareholders' Equity

Consolidated Statements of Cash Flows

Notes to Consolidated Financial Statements

Item 2

Management’s Discussion and Analysis of Financial Condition and Results of Operations

Item 3

Quantitative and Qualitative Disclosures about Market Risk

3940

Item 4

Controls and Procedures

3940

PART II

OTHER INFORMATION

Item 1A

Risk Factors

4142

Item 2

Unregistered Sales of Equity Securities and Use of Proceeds

4243

Item 6

Exhibits

4344

SIGNATURES

4445

Table of Contents

PART I FINANCIAL INFORMATION

Item 1. Financial Statements

Consolidated Statements of Earnings

(Unaudited)

	Three Months Ended		~~Three Months Ended~~		Six Months Ended
(dollars in thousands, except share and per share data)	March 28,2026		March 29,2025		~~January~~March 328,2026		~~December~~March 2829,~~2024~~2025
Net sales	$	1,051,947	$	934,022	$	12,~~100~~152,~~346~~293	$	~~907~~1,~~882~~841,904
Cost of sales	764,392		675,255		~~806~~1,~~106~~570,498		~~662~~1,~~804~~338,059
Gross profit					294,240		245,078
Inventory write-down	—		2,149		—		2,149
Research and development					24,634		23,605
Gross profit	287,555		256,618		581,795		501,696
Selling, general and administrative					148,959		128,137
Research and development	26,662		24,481		51,296		48,086
Interest					17,195		16,248
Selling, general and administrative	136,324		133,932		285,283		262,069
Restructuring					1,451		3,784
Interest	15,540		19,548		32,735		35,796
Other					787		(1,131)
Restructuring	1,505		2,425		2,956		6,209
Earnings before income taxes					101,214		74,435
Other	(1,295)		4,174		(508)		3,043
Income taxes					22,363		16,909
Earnings before income taxes	108,819		72,058		210,033		146,493
Net earnings					$	78,851	$	57,526
Income taxes	26,980		17,448		49,343		34,357
Net earnings	$	81,839	$	54,610	$	160,690	$	112,136
Net earnings per share
Basic	$	2.58	$	1.73	$	25.4907	$	13.8053
Diluted	$	2.55	$	1.71	$	25.4601	$	13.7849
Weighted average common shares outstanding
Basic	31,715,560		31,558,372		31,~~679~~696,~~982~~403		31,~~971~~764,~~462~~917
Diluted	32,102,535		31,942,315		32,~~045~~072,~~389~~594		32,~~407~~174,~~293~~804
See accompanying Notes to Consolidated Financial Statements.

Table of Contents

Consolidated Statements of Comprehensive Income

(Unaudited)

	Three Months Ended		~~Three Months Ended~~		Six Months Ended
(dollars in thousands)	March 28,2026		March 29,2025		~~January~~March 328,2026		~~December~~March 2829,~~2024~~2025
Net earnings	$	81,839	$	54,610	$	78160,~~851~~690	$	57112,~~526~~136
Other comprehensive income (loss) ("OCI"), net of tax:
Foreign currency translation adjustment	(11,018)		22,999		4(6,~~656~~362)		(4118,~~596~~597)
Retirement liability adjustment	1,859		1,724		13,~~586~~445		23,~~151~~875
Change in accumulated gain (loss) on derivatives	(392)		400		(~~319~~711)		~~262~~662
Other comprehensive income (loss), net of tax	(9,551)		25,123		5(3,~~923~~628)		(3914,~~183~~060)
Comprehensive income	$	72,288	$	79,733	$	84157,~~774~~062	$	1898,~~343~~076
See accompanying Notes to Consolidated Financial Statements.

Table of Contents

Consolidated Balance Sheets

(Unaudited)

(dollars in thousands)

~~January~~March 328,2026

September 27,2025

ASSETS

Current assets

Cash and cash equivalents

73307,~~359~~553

62,013

Restricted cash

~~435~~679

200

Receivables, net

~~554~~605,~~295~~518

506,768

Unbilled receivables

~~817~~842,~~605~~157

744,352

Inventories, net

~~915~~931,~~691~~804

914,302

Prepaid expenses and other current assets

88105,~~910~~830

142,345

Total current assets

2,~~450~~793,~~295~~541

2,369,980

Property, plant and equipment, net

1,~~043~~060,~~003~~100

1,019,906

Operating lease right-of-use assets

5754,~~586~~149

52,799

Goodwill

~~877~~873,~~058~~510

842,313

Intangible assets, net

6360,~~558~~544

66,101

Deferred income taxes

6,~~700~~903

22,459

Other assets

53,~~693~~851

52,497

Total assets

4,~~551~~902,~~893~~598

4,426,055

LIABILITIES AND SHAREHOLDERS’ EQUITY

Current liabilities

Current installments of long-term debt

4500,~~688~~000

1,563

Accounts payable

~~295~~328,~~203~~084

318,402

Accrued compensation

6181,~~690~~968

106,040

Contract advances and progress billings

~~410~~469,~~447~~206

372,988

Accrued liabilities and other

~~280~~286,~~606~~743

320,075

Total current liabilities

1,~~052~~666,~~634~~001

1,119,068

Long-term debt, excluding current installments

1739,~~052,312~~825

944,123

Long-term pension and retirement obligations

~~156~~152,~~083~~791

157,218

Deferred income taxes

3345,~~025~~489

32,600

Other long-term liabilities

~~192~~196,~~039~~012

180,491

Total liabilities

2,~~486~~800,~~093~~118

2,433,500

Shareholders’ equity

Common stock - Class A

43,~~864~~874

43,864

Common stock - Class B

7,~~416~~406

7,416

Additional paid-in capital

~~920~~1,~~181~~021,544

839,328

Retained earnings

2,~~904~~976,~~206~~532

2,834,548

Treasury shares

(1,~~241~~252,~~614~~323)

(1,209,200)

Stock Employee Compensation Trust

(~~214~~279,~~872~~828)

(195,491)

Supplemental Retirement Plan Trust

(~~201~~253,~~585~~378)

(170,191)

Accumulated other comprehensive loss

(~~151~~161,~~796~~347)

(157,719)

Total shareholders’ equity

2,~~065~~102,~~800~~480

1,992,555

Total liabilities and shareholders’ equity

4,~~551~~902,~~893~~598

4,426,055

See accompanying Notes to Consolidated Financial Statements.

Table of Contents

Consolidated Statements of Shareholders' Equity

(Unaudited)

	Three Months Ended		~~Three Months Ended~~		Six Months Ended
(dollars in thousands)	March 28,2026		March 29,2025		~~January~~March 328,2026		~~December~~March 2829,~~2024~~2025
COMMON STOCK
Beginning and end of period	$	51,280	$	51,280	$	51,280	$	51,280
ADDITIONAL PAID-IN CAPITAL
Beginning of period	920,181		777,060		839,328		784,509
Issuance of treasury shares	1,560		6,137		57,~~779~~339		28,~~413~~550
Equity-based compensation expense	4,061		2,668		38,~~980~~041		36,~~346~~014
Adjustment to market - SECT and SERP	95,742		(35,746)		71166,~~094~~836		(1348,~~208~~954)
End of period	1,021,544		750,119		~~920~~1,~~181~~021,544		~~777~~750,~~060~~119
RETAINED EARNINGS
Beginning of period	2,904,206		2,684,515		2,834,548		2,635,950
Net earnings	81,839		54,610		78160,~~851~~690		57112,~~526~~136
Dividends (1)	(9,513)		(9,145)		(918,~~193~~706)		(818,~~961~~106)
End of period	2,976,532		2,729,980		2,~~904~~976,~~206~~532		2,~~684~~729,~~515~~980
TREASURY SHARES AT COST
Beginning of period	(1,241,614)		(1,141,242)		(1,209,200)		(1,082,240)
Class A and B shares issued related to compensation	416		4,790		6,~~172~~588		~~773~~5,563
Class A and B shares purchased	(11,125)		(67,580)		(3849,~~586~~711)		(59127,~~775~~355)
End of period	(1,252,323)		(1,204,032)		(1,~~241~~252,~~614~~323)		(1,~~141~~204,~~242~~032)
STOCK EMPLOYEE COMPENSATION TRUST ("SECT")
Beginning of period	(214,872)		(186,219)		(195,491)		(194,049)
Issuance of shares	6,549		9,624		2733,~~233~~782		919,~~665~~289
Purchase of shares	(27,556)		(6,721)		(634,~~914~~470)		(814,~~087~~808)
Adjustment to market	(43,949)		20,371		(3983,~~700~~649)		626,~~252~~623
End of period	(279,828)		(162,945)		(~~214~~279,~~872~~828)		(~~186~~162,~~219~~945)
SUPPLEMENTAL RETIREMENT PLAN ("SERP") TRUST
Beginning of period	(201,585)		(156,865)		(170,191)		(163,821)
Adjustment to market	(51,793)		15,375		(3183,~~394~~187)		622,~~956~~331
End of period	(253,378)		(141,490)		(~~201~~253,~~585~~378)		(~~156~~141,~~865~~490)
ACCUMULATED OTHER COMPREHENSIVE LOSS
Beginning of period	(151,796)		(241,995)		(157,719)		(202,812)
Other comprehensive income (loss)	(9,551)		25,123		5(3,~~923~~628)		(3914,~~183~~060)
End of period	(161,347)		(216,872)		(~~151~~161,~~796~~347)		(~~241~~216,~~995~~872)
TOTAL SHAREHOLDERS’ EQUITY	$	2,102,480	$	1,806,040	$	2,~~065~~102,~~800~~480	$	1,~~786~~806,~~534~~040
See accompanying Notes to Consolidated Financial Statements.

(1) Cash dividends were $0.2930 and $0.2859 per share for the three and six months ended ~~January~~March 328, 2026 and ~~December~~$0.29 and $0.57 per share for the three and six months ended March 2829, ~~2024~~2025, respectively.

Table of Contents

Consolidated Statements of Shareholders’ Equity, Shares

(Unaudited)

	Three Months Ended	~~Three Months Ended~~	Six Months Ended
(share data)	March 28,2026	March 29,2025	~~January~~March 328,2026	~~December~~March 2829,~~2024~~2025
COMMON STOCK - CLASS A
Beginning of period	43,863,458	43,842,821	43,863,458	43,835,149
Conversion of Class B to Class A	10,668	7,918	—10,668	715,~~672~~590
End of period	43,874,126	43,850,739	43,~~863~~874,~~458~~126	43,~~842~~850,~~821~~739
COMMON STOCK - CLASS B
Beginning of period	7,416,255	7,436,892	7,416,255	7,444,564
Conversion of Class B to Class A	(10,668)	(7,918)	—(10,668)	(715,~~672~~590)
End of period	7,405,587	7,428,974	7,~~416~~405,~~255~~587	7,~~436~~428,~~892~~974
TREASURY SHARES - CLASS A COMMON STOCK
Beginning of period	(15,009,894)	(14,845,286)	(15,013,457)	(14,633,512)
Class A shares issued related to compensation	—	425	8,852	12,~~333~~758
Class A shares purchased	—	(291,204)	(5,289)	(~~224~~515,~~107~~311)
End of period	(15,009,894)	(15,136,065)	(15,009,894)	(1415,~~845~~136,~~286~~065)
TREASURY SHARES - CLASS B COMMON STOCK
Beginning of period	(2,822,033)	(2,866,603)	(2,825,989)	(2,861,088)
Class B shares issued related to compensation	36,160	76,885	~~163~~199,~~611~~771	67144,~~873~~758
Class B shares purchased	(35,500)	(53,528)	(~~159~~195,~~655~~155)	(73126,~~388~~916)
End of period	(2,821,373)	(2,843,246)	(2,~~822~~821,~~033~~373)	(2,~~866~~843,~~603~~246)
SECT - CLASS A COMMON STOCK
Beginning and end of period	(425,148)	(425,148)	(425,148)	(425,148)
SECT - CLASS B COMMON STOCK
Beginning of period	(445,246)	(541,470)	(526,644)	(548,084)
Issuance of shares	21,755	50,933	~~112~~134,~~737~~492	4596,~~099~~032
Purchase of shares	(89,142)	(34,547)	(31120,~~339~~481)	(3873,~~485~~032)
End of period	(512,633)	(525,084)	(~~445~~512,~~246~~633)	(~~541~~525,~~470~~084)
SERP - CLASS B COMMON STOCK
Beginning and end of period	(826,170)	(826,170)	(826,170)	(826,170)
See accompanying Notes to Consolidated Financial Statements.

Table of Contents

Consolidated Statements of Cash Flows

(Unaudited)

Three Months Ended

Six Months Ended

(dollars in thousands)

~~January~~March 328,2026

~~December~~March 2829,~~2024~~2025

CASH FLOWS FROM OPERATING ACTIVITIES

Net earnings

78160,~~851~~690

57112,~~526~~136

Adjustments to reconcile net earnings to net cash provided (used) by operating activities:

Depreciation

2450,~~885~~184

2244,~~429~~779

Amortization

25,~~713~~449

24,~~323~~629

Deferred income taxes

1527,~~602~~607

(412,~~261~~824)

Equity-based compensation expense

49,~~955~~725

48,~~325~~020

Other

(217)

12,~~401~~291

Changes in assets and liabilities providing (using) cash:

Receivables

(46101,~~404~~159)

(63123,~~037~~555)

Unbilled receivables

(6085,~~291~~779)

(3631,~~140~~216)

Inventories

7(14,~~095~~511)

(4854,~~612~~040)

Accounts payable

~~(26~~7,~~583)~~481

~~(22~~1,~~973)~~975

Contract advances and progress billings

2888,~~114~~508

(48,~~043)~~501

Accrued expenses

(5426,~~463~~813)

(2729,~~301~~523)

Accrued income taxes

(1223,~~866~~972)

(622,~~652~~429)

Net pension and post retirement liabilities

~~871~~2,005

~~636~~12,067

Other assets and liabilities

(714,~~464~~372)

(813,~~531~~705)

Net cash provided (used) by operating activities

~~(44~~84,~~768)~~826

(~~132~~92,~~910~~894)

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of property, plant and equipment

(3466,~~380~~178)

(3270,~~778~~382)

Net proceeds from businesses sold

—

13,487

Net proceeds from buildings sold

3,065

—

Other investing transactions

(~~156~~458)

~~169~~(2,062)

Net cash provided (used) by investing activities

(3163,~~471~~571)

(1958,~~122~~957)

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from revolving lines of credit

~~372~~869,~~900~~400

~~426~~752,500

Payments on revolving lines of credit

(~~261~~1,~~900~~064,400)

(~~197~~462,000)

Payments on finance lease obligations

(4,308)

(2,119)

Proceeds from senior notes, net of issuance costs

492,221

—

Payment of dividends

(9,193)

(8,961)

Payments on finance lease obligations

(8,013)

(4,469)

Proceeds from sale of treasury stock

8,090

—

Payment of dividends

(18,706)

(18,106)

Purchase of outstanding shares for treasury

(37,847)

(55,692)

Proceeds from sale of treasury stock

8,476

7,825

Proceeds from sale of stock held by SECT

27,233

9,665

Purchase of outstanding shares for treasury

(50,431)

(126,425)

Purchase of stock held by SECT

(6,914)

(8,087)

Proceeds from sale of stock held by SECT

33,782

19,289

Other financing transactions

(339)

(439)

Purchase of stock held by SECT

(34,470)

(14,808)

Net cash provided (used) by financing activities

87,722

163,867

Other financing transactions

(3,116)

(1,457)

Effect of exchange rate changes on cash

(2,564)

Net cash provided (used) by financing activities

224,743

152,349

Increase (decrease) in cash, cash equivalents and restricted cash

11,581

9,271

Effect of exchange rate changes on cash

(2,309)

Increase (decrease) in cash, cash equivalents and restricted cash

246,019

(1,811)

Cash, cash equivalents and restricted cash at beginning of period

62,213

64,537

Cash, cash equivalents and restricted cash at end of period

73308,~~794~~232

7362,~~808~~726

SUPPLEMENTAL CASH FLOW INFORMATION

Treasury shares issued as compensation

35,~~861~~451

36,~~186~~288

Assets acquired through lease financing

2130,~~007~~780

1723,~~172~~999

See accompanying Notes to Consolidated Financial Statements.

Table of Contents

Notes to Consolidated Financial Statements

(Unaudited)

(dollars in thousands, except per share data)

Note 1 - Basis of Presentation

The accompanying unaudited consolidated financial statements have been prepared by management in accordance with U.S. generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. In the opinion of management, all adjustments consisting of normal recurring adjustments considered necessary for the fair presentation of results for the interim period have been included. The results of operations for the three and six months ended ~~January~~March 328, 2026 and ~~December~~March 2829, ~~2024~~2025 are not necessarily indicative of the results expected for the full year. The accompanying unaudited consolidated financial statements should be read in conjunction with the financial statements and notes thereto included in our Form 10-K for the fiscal year ended September 27, 2025. All references to years in these financial statements are to fiscal years.

Revision of Prior Period Consolidated Financial Statements

As previously disclosed in the 2025 Form 10-K, we revised our prior period financial statements to correct for a misstatement related to the accounting for distinct long-term aftermarket service contracts with customers in the Commercial Aircraft segment, as well as other unrelated immaterial errors. The appropriate revisions to our historical Consolidated Financial Statements and the notes thereto are reflected herein, which include Note 7 - Leases and Note 18 - Segments. See Note 1 and Note 25 to our "Consolidated Financial Statements" in the 2025 Form 10-K for additional information.

Recent Accounting Pronouncements Adopted

There have been no new accounting pronouncements adopted for the ~~three~~six months ended ~~January~~March 328, 2026.

Recent Accounting Pronouncements Not Yet Adopted

Standard

Description

Financial Statement Effect or Other Significant Matters

ASU no. 2023-09Income Taxes (Topic 740): Improvements to Income Tax Disclosures

This standard expands annual income tax disclosures to require specific categories in the rate reconciliation table to be disclosed using both percentages and reporting currency amounts and requires additional information for reconciling items that meet a quantitative threshold. Additionally, the amendment requires disclosure of income taxes paid by jurisdiction. The provisions of the standard are effective for fiscal years beginning after December 15, 2024. Early adoption is permitted. The amendments should be applied on a prospective basis. Retrospective application is permitted.

We are currently reviewing the guidance and evaluating the impact on our financial statements and related disclosures.

Planned date of adoption: FY 2026

ASU no. 2024-03Income Statement -Reporting Comprehensive Income-Expense Disaggregation Disclosures (Topic 220): Disaggregation of Income Statement Expenses

This standard requires disclosure of specified information about certain ~~cost~~costs and expenses at each interim and annual reporting period. This includes disclosure of the amounts of purchases of inventory, employee compensation, depreciation and intangible asset amortization for each relevant expense caption on the income statement, as well as the total amount of selling expenses. Additionally, the amendments require disclosing a qualitative description of the amounts remaining in relevant expense captions that are not separately disaggregated. The provisions of the standard are effective for fiscal years beginning after December 15, 2026 and interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. The amendments may be applied either prospectively to financial statements issued for reporting periods after the effective date of this ASU or retrospectively to all prior periods presented in the financial statements.

We are currently reviewing the guidance and evaluating the impact on our financial statements and related disclosures.

Planned date of adoption: FY 2028

We consider the applicability and impact of all Accounting ~~Standard~~Standards Updates ("~~ASU~~ASUs"). ASUs not listed above were assessed and determined to be either not applicable, or had or are expected to have an immaterial impact on our financial statements and related disclosures.

Table of Contents

Note 2 - Revenue from Contracts with Customers

We recognize revenue from contracts with customers using the five-step model prescribed in ASC 606. The first step is identifying the contract. The identification of a contract with a customer requires an assessment of each party’s rights and obligations regarding the products or services to be transferred, including an evaluation of termination clauses and presently enforceable rights and obligations. Each party’s rights and obligations and the associated terms and conditions are typically determined in purchase orders. For sales that are governed by master supply agreements under which provisions define specific program requirements, purchase orders are issued under these agreements to reflect presently enforceable rights and obligations for the units of products and services being purchased.

The next step is identifying the performance obligations. A performance obligation is a promise to transfer goods or services to a customer that is distinct in the context of the contract, as defined by ASC 606. We identify a performance obligation for each promise in a contract to transfer a distinct good or service to the customer. As part of our assessment, we consider all goods and/or services promised in the contract, regardless of whether they are explicitly stated or implied by customary business practices. The products and services in our contracts are typically not distinct from one another due to their complexity and reliance on each other or, in many cases, we provide a significant integration service. Accordingly, many of our contracts are accounted for as one performance obligation. In limited cases, our contracts have more than one distinct performance obligation, which occurs when we perform activities that are not highly complex or interrelated or involve different product life cycles. Warranties are provided on certain contracts, but do not typically provide for services beyond standard assurances and are therefore not distinct performance obligations under ASC 606.

The third step is determining the transaction price, which represents the amount of consideration we expect to be entitled to receive from a customer in exchange for providing the goods or services. There are times when this consideration is variable, for example a volume discount, and must be estimated. Sales, use, value-added, and excise taxes are excluded from the transaction price, where applicable.

The fourth step is allocating the transaction price. The transaction price must be allocated to the performance obligations identified in the contract based on relative ~~stand-alone~~standalone selling prices when available, or an estimate for each distinct good or service in the contract when standalone prices are not available. Our contracts with customers generally require payment under normal commercial terms after delivery. Payment terms are typically within 30 to 60 days of delivery. The timing of satisfaction of our performance obligations does not significantly vary from the typical timing of payment.

The final step is the recognition of revenue. We recognize revenue as the performance obligations are satisfied. ASC 606 provides guidance to help determine if we are satisfying the performance obligation at a point in time or over time. In determining when performance obligations are satisfied, we consider factors such as contract terms, payment terms and whether there is an alternative use of the product or service. In essence, we recognize revenue when, or as control of, the promised goods or services transfer to the customer.

Contracts are sometimes modified to account for changes in contract specifications and requirements. When this occurs, we assess the modification as prescribed in ASC 606 and determine whether the modification should be accounted for as part of the existing contract (and revenue cumulatively caught up), whether the modification should be accounted for as the termination of an existing contract and the creation of a new contract, or whether the modification should be accounted for as a new contract. This is determined based on the rights and obligations within the modification as well as the associated transaction price.

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Revenue is recognized using either the over time or point in time method. The over-time method of revenue recognition is predominantly used in Space and Defense, Military Aircraft and Commercial Aircraft. We use this method for U.S. Government contracts and repair and overhaul arrangements as we are creating or enhancing assets that the customer controls as the assets are being created or enhanced. In addition, many of our large commercial contracts qualify for over-time accounting as our performance does not create an asset with an alternative use and we have an enforceable right to payment for performance completed to date. Our over-time contracts are primarily firm fixed price.

Revenue recognized at the point in time control is transferred to the customer is used most frequently in Industrial. We use this method for commercial contracts in which the asset being created has an alternative use. We determine the point in time control transfers to the customer by weighing the five indicators provided by ASC 606 - the entity has a present right to payment; the customer has legal title; the customer has physical possession; the customer has significant risks and rewards of ownership; and the customer has accepted the asset. When control has transferred to the customer, profit is generated as cost of sales is recorded and as revenue is recognized. Inventory costs include all product manufacturing costs such as direct material, direct labor, other direct costs and indirect overhead cost allocations. Shipping and handling costs are considered costs to fulfill a contract and not considered performance obligations. They are included in cost of sales as incurred.

Revenue is recognized over time on contracts using the cost-to-cost method of accounting as work progresses toward completion as determined by the ratio of cumulative costs incurred to date to estimated total contract costs at completion, multiplied by the total estimated contract revenue, less cumulative revenue recognized in prior periods. We believe that cumulative costs incurred to date as a percentage of estimated total contract costs at completion is an appropriate measure of progress toward satisfaction of performance obligations as this measure most accurately depicts the progress of our work and transfer of control to our customers. Changes in estimates affecting sales, costs and profits are recognized in the period in which the change becomes known using the cumulative catch-up method of accounting, resulting in the cumulative effect of changes reflected in the period. Estimates are reviewed and updated quarterly for substantially all contracts. For the three and six months ended ~~January~~March 328, 2026 we recognized additional revenue of $1214,~~547~~718 and $27,265 and for the three and six months ended ~~December~~March 2829, ~~2024~~2025 we recognized additional revenue of $82,~~669~~604 and $11,274 for adjustments made to performance obligations satisfied (or partially satisfied) in previous periods.

Contract costs include only allocable, allowable and reasonable costs which are included in cost of sales when incurred. For applicable U.S. Government contracts, contract costs are determined in accordance with the Federal Acquisition Regulations and the related Cost Accounting Standards. The nature of these costs includes development engineering costs and product manufacturing costs such as direct material, direct labor, other direct costs and indirect overhead costs. Contract profit is recorded as a result of the revenue recognized less costs incurred in any reporting period. Variable consideration and contract modifications, such as performance incentives, penalties, contract claims or change orders are considered in estimating revenues, costs and profits when they can be reliably estimated and realization is considered probable. Revenue recognized on contracts for unresolved claims or unapproved contract change orders was not material for the three and six months ended ~~January~~March 328, 2026 and ~~December~~March 2829, ~~2024~~2025.

As of ~~January~~March 328, 2026, we had contract reserves of $8081,~~863~~217. For contracts with anticipated losses at completion, a provision for the entire amount of the estimated remaining loss is charged against income in the period in which the loss becomes known. Contract losses are determined considering all direct and indirect contract costs, exclusive of any selling, general or administrative cost allocations that are treated as period expenses. Loss reserves are more common on firm fixed-price contracts that involve, to varying degrees, the design and development of new and unique controls or control systems to meet the customers’ specifications. We calculate contract losses at the contract level, versus the performance obligation level. Recall reserves are recorded when additional work is needed on completed products for them to meet contract specifications. Contract-related loss reserves are recorded for the additional work needed on completed and delivered products in order for them to meet contract specifications.

Contract Assets and Liabilities

Unbilled receivables (contract assets) primarily represent revenues recognized for progress towards satisfying performance obligations but for which amounts have not been billed. Unbilled receivables are classified as current assets and in accordance with industry practice, include amounts that may be billed and collected beyond one year due to the long term nature of our contracts.

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Contract advances and progress billings (contract liabilities) relate to payments received from customers in advance of the satisfaction of performance obligations for a contract (contract advances) and when billings are in excess of revenue recognized (progress billings). These amounts are recorded as contract liabilities until such obligations are satisfied, either over-time as costs are incurred or at a point when deliveries are made. We do not consider contract advances and progress billings to be significant financing components as the intent of these payments in advance are for reasons other than providing a significant financing benefit and are customary in our industry.

For contracts recognized using the cost-to-cost method, the amount of unbilled receivables or contract advances and progress billings is determined for each contract to determine the contract asset or contract liability position at the end of each reporting period.

Total contract assets and contract liabilities are as follows:

	January 3,2026		September 27, 2025
	March 28,2026		September 27, 2025
Unbilled receivables	$	~~817~~842,~~605~~157	$	744,352
Contract advances and progress billings	~~410~~469,~~447~~206		372,988
Net contract assets	$	~~407~~372,~~158~~951	$	371,364

The increase in net contract assets primarily reflects the impact of additional unbilled revenues during the period. For the three and six months ended ~~January~~March 328, 2026, we recognized $~~149~~64,~~813~~087 and $213,900 of revenue, that was included in the contract liability balance at the beginning of the year.

Remaining Performance Obligations

As of ~~January~~March 328, 2026, the aggregate amount of the transaction price allocated to the performance obligations that are unsatisfied (or partially unsatisfied) was $7,~~210~~230,000. We expect to recognize approximately 4546% of that amount as sales over the next twelve months and the balance thereafter.

Note 3 - Acquisitions and Assets Held for Sale

Acquisitions

On July 1, 2025, we acquired COTSWORKS, Inc., based in Ohio. COTSWORKS designs and manufactures rugged optical components and subsystems for harsh environment applications, primarily serving the commercial, military, aerospace and industrial markets. The purchase price allocation is substantially complete, with the exception of income tax assets and liabilities. This operation is included in our Space and Defense segment. The sales and results of COTSWORKS are immaterial in 2026.

Assets Held for Sale

At September 27, 2025, we had classified a business within our Space and Defense segment as held for sale. This resulted in $61,067 in prepaid expenses and other current assets and $15,524 in accrued liabilities and other as being held for sale. Management has subsequently decided to retain the business and as such the ~~classifications~~classification as held for sale has been reversed in 2026. See Note 8 - Goodwill and Intangible Assets for additional details.

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Note 4 - Receivables

Receivables consist of:

January 3,2026

September 27,2025

March 28,2026

September 27,2025

Accounts receivable

~~529~~584,~~133~~709

483,872

Government assistance receivables

64,~~184~~817

5,643

Other

2220,~~465~~441

19,856

Less allowance for credit losses

(34,~~487~~449)

(2,603)

Receivables, net

~~554~~605,~~295~~518

506,768

On January 27, 2026, Moog Receivables LLC (the "Receivables Subsidiary"), a wholly owned bankruptcy remote special purpose subsidiary of Moog Inc. (the "Company"), as seller, the Company, as master servicer, ~~Wells~~Truist ~~Fargo~~ Bank, ~~N.A.,~~ as administrative agent (the "Agent") and certain purchasers (collectively, the "Purchasers") entered into the ~~Third~~Fifth Amendment to the Amended and Restated Receivables Purchase Agreement (the "RPA"). The RPA ~~matures~~was onamended ~~December~~to ~~11,~~change ~~2026~~the ~~and~~administrative isagent ~~subject~~and toextend ~~customary~~the ~~termination~~maturity ~~events related~~ to ~~transactions~~February 20, ~~of this type~~2028. ~~See~~The ~~Note~~RPA 21is -subject ~~Subsequent~~to ~~Events,~~customary ~~for~~termination ~~information~~events related to antransactions ~~amendment~~of tothis ~~the Receivables Purchase Agreement~~type.

Under the RPA, the Receivables Subsidiary may sell receivables to the Purchasers in amounts up to a $125,000 limit. The receivables will be sold to the Purchasers in consideration for the Purchasers making payments of cash, which is referred to as "capital" for purposes of the RPA, to the Receivables Subsidiary in accordance with the terms of the RPA. The Receivables Subsidiary may sell receivables to the Purchasers so long as certain conditions are satisfied, including that, at any date of determination, the aggregate capital paid to the Receivables Subsidiary does not exceed a "capital coverage amount," equal to an adjusted net receivables pool balance minus a required reserve. Each Purchaser's share of capital accrues yield at a variable rate plus an applicable margin.

The parties intend that the conveyance of receivables to the Agent, for the ratable benefit of the Purchasers will constitute a purchase and sale of receivables and not a pledge for security. The Receivables Subsidiary has guaranteed to each Purchaser and Agent the prompt payment of sold receivables, and to secure the prompt payment and performance of such guaranteed obligations, the Receivables Subsidiary has granted a security interest to the Agent, for the benefit of the Purchasers, in all assets of the Receivables Subsidiary. The assets of the Receivables Subsidiary are not available to pay our creditors or any affiliate thereof. In our capacity as master servicer under the RPA, we are responsible for administering and collecting receivables and have made customary representations, warranties, covenants and indemnities.

The proceeds of the RPA are classified as operating activities in our Consolidated Statements of Cash Flows. Cash received from collections of sold receivables is used by the Receivables Subsidiary to fund additional purchases of receivables on a revolving basis or to return all or any portion of outstanding capital of the Purchaser. Subsequent collections on the pledged receivables, which have not been sold, will be classified as operating cash flows at the time of collection. Total receivables sold and cash collections under the RPA ~~was~~were $~~154~~237,~~495~~201 and $391,696 for the three and six months ended ~~January~~March 328, 2026. The fair value of the sold receivables approximated book value due to their credit quality and short-term nature, and as a result, no gain or loss on sale of receivables was recorded.

As of ~~January~~March 328, 2026, the amount sold to the Purchasers was $125,000, which was derecognized from the Consolidated Balance Sheets. As collateral against sold receivables, the Receivables Subsidiary maintains a certain level of unsold billed and unbilled receivables, which was $~~736~~776,~~175~~845 at ~~January~~March 328, 2026.

The allowance for credit losses is based on our assessment of the collectability of customer accounts. The allowance is determined by considering factors such as historical experience, credit quality, age of the accounts receivable, current economic conditions and reasonable forecasted financial information that may affect a customer’s ability to pay.

Note 5 - Inventories

Inventories, net of reserves, consist of:

	January 3,2026		September 27,2025
	March 28,2026		September 27,2025
Raw materials and purchased parts	$	~~311~~341,~~872~~992	$	301,679
Work in progress	~~510~~495,~~284~~583		520,315
Finished goods	9394,~~535~~229		92,308
Inventories, net	$	~~915~~931,~~691~~804	$	914,302

There are no material inventoried costs relating to over-time contracts where revenue is accounted for using the cost-to-cost method of accounting as of ~~January~~March 328, 2026 and September 27, 2025.

Note 6 - Property, Plant and Equipment

Property, plant and equipment consists of:

January 3,2026

September 27,2025

March 28,2026

September 27,2025

Land

33,~~792~~481

33,872

Buildings and improvements

~~746~~750,~~957~~812

737,053

Machinery and equipment

1,~~016~~037,~~406~~910

981,157

Computer equipment and software

~~257~~259,~~518~~774

253,924

Property, plant and equipment, at cost

2,~~054~~081,~~673~~977

2,006,006

Less accumulated depreciation and amortization

(1,~~011~~021,~~670~~877)

(986,100)

Property, plant and equipment, net

1,~~043~~060,~~003~~100

1,019,906

Note 7 - Leases

We lease certain manufacturing facilities, office space and machinery and equipment globally. At inception, we evaluate whether a contractual arrangement contains a lease. Specifically, we consider whether we control the underlying asset and have the right to obtain substantially all the economic benefits or outputs from the asset. If the contractual arrangement contains a lease, we then determine the classification of the lease, operating or finance, using the classification criteria described in ASC 842. We then determine the term of the lease based on terms and conditions of the contractual arrangement, including whether the options to extend or terminate the lease are reasonably certain to be exercised. We have elected to not separate lease components from non-lease components, such as common area maintenance charges and instead, account for the lease and non-lease components as a single component.

Our lease right-of-use ("ROU") assets represent our right to use an underlying asset for the lease term and our lease liabilities represent our obligation to make lease payments. The ROU assets and lease liabilities for both operating and finance leases are recognized as of the commencement date at the net present value of the fixed minimum lease payments over the term of the lease including expected buyouts, using the discount rate described below. Variable lease payments are recorded in the period in which the obligation for the payment is incurred. Variable lease payments based on an index or rate are initially measured using the index or rate as of the commencement date of the lease and included in the fixed minimum lease payments. For short-term leases that have a term of 12 months or less as of the commencement date, we do not recognize a ROU asset or lease liability on our balance sheet; we recognize expense as the lease payments are made over the lease term.

Operating lease cost is included in Cost of sales and Selling, general and administrative on the Consolidated Statements of Earnings. Finance lease cost is included in Cost of sales, Selling, general and administrative and Interest on the Consolidated Statements of Earnings.

The discount rate used to calculate the present value of our leases is the rate implicit in the lease. If the information necessary to determine the rate implicit in the lease is not available, we use our incremental borrowing rate for collateralized debt, which is determined using our credit rating and other information available as of the lease commencement date.

The components of lease expense were as follows:

	Three Months Ended		~~Three Months Ended~~		Six Months Ended
					January 3,2026		December 28,2024
	March 28,2026		March 29,2025		March 28,2026		March 29,2025
Operating lease cost	$	8,999	$	8,098	$	817,~~984~~983	$	816,~~190~~288
Finance lease cost:
Amortization of right-of-use assets	$	3,626	$	2,579	$	36,~~300~~926	$	25,~~445~~024
Interest on lease liabilities	2,379		1,827		24,~~239~~618		13,~~704~~531
Total finance lease cost	$	6,005	$	4,406	$	511,~~539~~544	$	48,~~149~~555

Supplemental cash flow information related to leases was as follows:

	Three Months Ended
	Six Months Ended
	January 3,2026		December 28,2024
	March 28,2026		March 29,2025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow for operating leases	$	918,~~225~~521	$	816,~~244~~524
Operating cash flow for finance leases	24,~~239~~618		13,~~704~~531
Financing cash flow for finance leases	48,~~308~~013		24,~~119~~469
Assets obtained in exchange for lease obligations:
Operating leases	$	73,~~512~~667	$	89,~~121~~499
Finance leases	1327,~~495~~113		914,~~051~~500

Supplemental balance sheet information related to leases was as follows:

	January 3,2026			September 27,2025
	March 28,2026			September 27,2025
Operating Leases:
Operating lease right-of-use assets	$	5754,~~586~~149		$	52,799
Accrued liabilities and other	$	13,~~509~~269		$	11,697
Other long-term liabilities	5551,~~135~~569			52,549
Total operating lease liabilities	$	6864,~~644~~838		$	64,246
Finance Leases:
Property, plant, and equipment, at cost	$	~~167~~180,~~768~~254		$	157,533
Accumulated depreciation	(2731,~~872~~121)			(27,186)
Property, plant, and equipment, net	$	~~139~~149,~~896~~133		$	130,347
Accrued liabilities and other	$	1617,~~010~~650		$	14,920
Other long-term liabilities	~~127~~135,~~824~~464			119,155
Total finance lease liabilities	$	~~143~~153,~~834~~114		$	134,075
Weighted average remaining lease term in years:
Operating leases	65.09			6.2
Finance leases	1716.14			17.6
Weighted average discount rates:
Operating leases	5.4		%	5.3		%
Finance leases	6.43		%	6.4		%

Maturities of lease liabilities were as follows:

January 3, 2026

March 28, 2026

Operating Leases

Finance Leases

2026

128,~~561~~300

1713,~~720~~248

2027

15,~~807~~880

2224,~~009~~415

2028

13,~~158~~211

2225,~~925~~331

2029

10,~~739~~791

2326,~~948~~375

2030

8,~~037~~084

2023,~~794~~249

Thereafter

19,~~934~~973

~~151~~158,~~221~~406

Total lease payments

8076,~~236~~239

~~258~~271,~~617~~024

Less: imputed interest

(11,~~592~~401)

(~~114~~117,~~783~~910)

Total

6864,~~644~~838

~~143~~153,~~834~~114

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Note 8 - Goodwill and Intangible Assets

The changes in the carrying amount of goodwill are as follows:

	Space andDefense		Military Aircraft		Commercial Aircraft		Industrial		Total
Balance at September 27, 2025	$	262,740	$	118,545	$	92,612	$	368,416	$	842,313
Adjustments to prior year acquisitions	~~(151)~~82		—		—		—		~~(151)~~82
Reclassification of held for sale	33,000		—		—		—		33,000
Foreign currency translation	8(1)		~~525~~(60)		—		(1,~~363~~824)		(1,~~896~~885)
Balance at January 3, 2026	$	295,597	$	119,070	$	92,612	$	369,779	$	877,058
Balance at March 28, 2026	$	295,821	$	118,485	$	92,612	$	366,592	$	873,510

Goodwill in our Space and Defense segment is net of a $4,800 accumulated impairment loss at ~~January~~March 328, 2026. Goodwill in our Medical Devices reporting unit, included in our Industrial segment, is net of a $38,200 accumulated impairment loss at ~~January~~March 328, 2026.

The components of intangible assets are as follows:

		January 3, 2026				September 27, 2025
		March 28, 2026				September 27, 2025
	Weighted-AverageLife (years)	Gross CarryingAmount		AccumulatedAmortization		Gross CarryingAmount		AccumulatedAmortization
Customer-related	11	$	~~133~~132,~~324~~645	$	(103,~~134~~738)	$	131,967	$	(100,655)
Technology-related	9	78,~~821~~515		(6061,~~350~~048)		77,172		(57,817)
Program-related	23	4039,~~068~~770		(27,~~065~~271)		39,799		(26,476)
Marketing-related	8	22,~~425~~336		(20,~~570~~697)		21,387		(19,320)
Other	3	1,~~385~~303		(1,~~346~~271)		1,376		(1,332)
Intangible assets	12	$	~~276~~274,~~023~~569	$	(~~212~~214,~~465~~025)	$	271,701	$	(205,600)

All acquired intangible assets other than goodwill are being amortized. Customer-related intangible assets primarily consist of customer relationships. Technology-related intangible assets primarily consist of technology, patents and intellectual property. Program-related intangible assets consist of long-term programs represented by current contracts and probable follow-on work. Marketing-related intangible assets primarily consist of trademarks and trade names.

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Note 9 - Indebtedness

We maintain short-term line of credit facilities with banks throughout the world that are principally demand lines subject to revision by the banks.

Long-term debt consists of:

	January 3,2026		September 27,2025
	March 28,2026		September 27,2025
U.S. revolving credit facility	$	303,000	$	195,000
Revolving loan (Credit Facility)	$	—	$	195,000
Term loan	250,000		250,000
Term loan (Credit Facility)	250,000		250,000
SECT revolving credit facility	4,000		1,000
Revolving loan (SECT)	1,000		1,000
Senior notes 5.50%	500,000		—
Senior notes 4.25%	500,000		500,000
Senior debt	1,~~057~~251,000		946,000
Less deferred debt issuance cost	—(11,175)		(314)
Less current installments	(4500,~~688~~000)		(1,563)
Long-term debt	$	1739,~~052,312~~825	$	944,123

~~Our~~On ~~U.S.~~February ~~revolving~~26, ~~credit~~2026, ~~facility~~we entered into the Eighth Amended and Restated Loan Agreement (the "Credit Facility"), which ~~matures~~amended onand restated our prior credit agreement and, among other things, extended the maturity date of our revolving loan from October 27, 2027 to February 26, 2031. The revolving loan has aaggregate ~~capacity~~commitments of $1,100,000. ~~and~~The ~~provides~~agreement analso ~~expansion option, which~~ permits us to request incremental revolving commitments and/or one or more incremental term loan facilities in an ~~increase~~aggregate amount of up to $400,000, ~~to the credit facility~~ upon satisfaction of certain conditions. ~~Our~~The ~~loan~~ agreement also includes a $250,000 term loan maturing on February 26, ~~with~~2031. ~~installment~~The ~~payments~~term loan amortizes in quarterly installments of $34,~~125~~688 in ~~2026~~2027, $6,250 in 2028, $10,938 in 2029, $9,375 in ~~2027~~2030, $6,250 in 2031 and the remaining balance on the maturity date of ~~October~~February 2726, ~~2027~~2031. ~~Additional principal payments may be required under certain conditions. The proceeds of the term loan were used to pay down outstanding revolver borrowings of the U.S. revolving credit facility.~~ Interest on our outstanding ~~U.S.~~ revolving ~~credit~~loan ~~facility~~ and term loan borrowings ~~are~~is based on SOFR plus the applicable margin. The ~~U.S.~~ revolving ~~credit~~loan ~~facility~~ and term loan are secured by substantially all of our U.S. assets and contain various covenants which, among others, specify interest coverage and maximum leverage. WeAs ~~are~~of March 28, 2026, we were in compliance with all covenants.

The SECT has a revolving ~~credit~~loan ~~facility~~ with a borrowing capacity of $25,000. On December 1, 2025, the SECT amended the revolving ~~credit~~loan ~~facility~~ and extended the maturity date from October 26, 2026 to April 24, 2027. Interest is based on SOFR plus an applicable margin. A commitment fee is also charged based on a percentage of the unused amounts available and is not material.

WeOn ~~have~~March 24, 2026, we completed the sale of $500,000 aggregate principal amount of 45.2550% senior notes due ~~December~~October 15, ~~2027~~2034. ~~with~~Interest ~~interest~~on ~~paid~~the senior notes is payable semiannually on ~~June~~April 15 and ~~December~~October 15 of each year, beginning on October 15, 2026. The senior notes are senior unsecured obligations, and are guaranteed on a senior unsecured basis by certain subsidiaries ~~and~~that ~~contain~~are ~~normal~~guarantors ~~incurrence-based~~under the indenture. The indenture governing the senior notes contains certain restrictive covenants that, subject to important exceptions and limitations, ~~such~~limit asour ability and the ability of certain of our subsidiaries to incur ~~additional~~certain ~~indebtedness~~liens, ~~pay~~enter ~~dividends,~~into ~~make~~certain ~~other~~sale ~~restricted~~and ~~payments~~leaseback transactions and ~~investments~~consolidate, ~~create~~merge ~~liens~~or ~~and~~sell ~~certain~~substantially ~~corporate~~all ~~acts~~of ~~such~~our asassets. ~~mergers~~As ~~and~~of ~~consolidations.~~March 28, We2026, ~~are~~we were in compliance with all covenants under the indenture.

On March 4, 2026, we issued a notice of redemption to holders of our 4.25% senior notes due on December 15, 2027, to redeem and retire all of the outstanding notes. The notes were redeemed on April 3, 2026 at a redemption price equal to 100.00% of the principal amount thereof, plus accrued and unpaid interest to, but not including, the redemption date, pursuant to an early redemption right. We redeemed the $500,000 aggregate principal amount of the notes using net proceeds available from the issuance of the 5.50% senior notes, together with cash on hand.

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Note 10 - Other Accrued Liabilities

Other accrued liabilities consists of:

January 3,2026

September 27, 2025

March 28,2026

September 27, 2025

Employee benefits

5857,~~825~~662

57,019

Contract reserves

8081,~~863~~217

84,360

Warranty accrual

2423,~~016~~285

23,892

Accrued income taxes

2120,~~864~~056

30,392

Other

95104,~~038~~523

124,412

Other accrued liabilities

~~280~~286,~~606~~743

320,075

In the ordinary course of business, we warrant our products against defects in design, materials and workmanship typically over periods ranging from twelve to sixty months. We determine warranty reserves needed by product line based on historical experience and current facts and circumstances. Activity in the warranty accrual is summarized as follows:

	Three Months Ended		~~Three Months Ended~~		Six Months Ended
					January 3,2026		December 28,2024
	March 28,2026		March 29,2025		March 28,2026		March 29,2025
Warranty accrual at beginning of period	$	24,016	$	22,502	$	23,892	$	23,548
Warranties issued during current period	857		1,828		12,~~411~~268		13,~~726~~554
Adjustments to pre-existing warranties	(415)		(892)		(~~389~~804)		~~215~~(677)
Reductions for settling warranties	(1,088)		(1,823)		(~~960~~2,048)		(24,~~582~~405)
Foreign currency translation	(85)		167		62(23)		(~~405~~238)
Warranty accrual at end of period	$	23,285	$	21,782	$	2423,~~016~~285	$	2221,~~502~~782

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Note 11 - Derivative Financial Instruments

We principally use derivative financial instruments to manage foreign exchange risk related to foreign operations and foreign currency transactions. We enter into derivative financial instruments with a number of major financial institutions to minimize counterparty credit risk.

Derivatives designated as hedging instruments

We use foreign currency contracts as cash flow hedges to effectively fix the exchange rates on future payments and revenue. To mitigate exposure in movements between various currencies, including the Philippine peso, we had outstanding foreign currency contracts with notional amounts of $17,782 at March 28, 2026. These contracts mature at various times through December 23, 2026.

~~outstanding~~Foreign ~~foreign~~ currency contracts ~~with~~are ~~notional~~recorded ~~amounts~~in the Consolidated Balance Sheets at fair value and the related gains or losses are deferred in Shareholders’ Equity as a component of ~~$25~~Accumulated Other Comprehensive Income (Loss) ("AOCIL"). These deferred gains and losses are reclassified into the Consolidated Statements of Earnings,~~415~~ atas ~~January 3~~necessary, ~~2026~~during the periods in which the related payments or receipts affect earnings. ~~These~~However, to the extent the foreign currency contracts ~~mature~~are atnot ~~various~~perfectly ~~times~~effective ~~through~~in ~~December 23~~offsetting the change in the value of the payments and revenue being hedged, ~~2026~~the ineffective portion of these contracts is recognized in earnings immediately. Ineffectiveness was not material in the first six months of 2026 or 2025.

Foreign currency contracts are recorded in the Consolidated Balance Sheets at fair value and the related gains or losses are deferred in Shareholders’ Equity as a component of Accumulated Other Comprehensive Income (Loss) ("AOCIL"). These deferred gains and losses are reclassified into the Consolidated Statements of Earnings, as necessary, during the periods in which the related payments or receipts affect earnings. However, to the extent the foreign currency contracts and interest rate swaps are not perfectly effective in offsetting the change in the value of the payments and revenue being hedged, the ineffective portion of these contracts is recognized in earnings immediately. Ineffectiveness was not material in the first three months of 2026 or 2025.

Derivatives not designated as hedging instruments

We also have foreign currency exposure on balances, primarily intercompany, that are denominated in a foreign currency and are adjusted to current values using period-end exchange rates. The resulting gains or losses are recorded in the Consolidated Statements of Earnings. To minimize foreign currency exposure, we have foreign currency contracts with notional amounts of $~~175~~199,~~893~~206 at ~~January~~March 328, 2026. The foreign currency contracts are recorded in the Consolidated Balance Sheets at fair value and resulting gains or losses are recorded in the Consolidated Statements of Earnings. We recorded the following gains and losses on foreign currency contracts which are included in other income or expense and generally offset the gains or losses from the foreign currency adjustments on the intercompany balances that are also included in other income or expense:

Three Months Ended

~~Three Months Ended~~

Six Months Ended

Statements of Earnings location

March 28,2026

March 29,2025

~~January~~March 328,2026

~~December~~March 2829,~~2024~~2025

Net gain (loss)

Foreign currency contracts

Other

(3,335)

3,533

9(3,326)

(128,~~271~~738)

Summary of derivatives

The fair value and classification of derivatives is summarized as follows:

	Balance Sheets location	~~January~~March 328,2026		September 27,2025
Derivatives designated as hedging instruments:
Foreign currency contracts	Other current assets	$	5541	$	250
Foreign currency contracts	Other assets	—		39
	Total asset derivatives	$	5541	$	289
Foreign currency contracts	Accrued liabilities and other	$	~~150~~607	$	—
Foreign currency contracts	Other long-term liabilities	—		8
	Total liability derivatives	$	~~150~~607	$	8
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other current assets	$	~~511~~1	$	—
Foreign currency contracts	Accrued liabilities and other	$	~~135~~1,250	$	1,502

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Note 12 - Fair Value

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Depending on the nature of the asset or liability, various techniques and assumptions can be used to estimate fair value. The definition of the fair value hierarchy is as follows:

Level 1 – Quoted prices in active markets for identical assets and liabilities.

Level 2 – Observable inputs other than quoted prices in active markets for similar assets and liabilities.

Level 3 – Inputs for which significant valuation assumptions are unobservable in a market and therefore value is based on the best available data, some of which is internally developed and considers risk premiums that a market participant would require.

Our derivatives are valued using various pricing models or discounted cash flow analyses that incorporate observable market data, such as interest rate yield curves and currency rates, and are classified as Level 2 within the valuation hierarchy.

The following table presents the fair values and classification of our financial assets and liabilities measured on a recurring basis, all of which are classified as Level 2, except for the acquisition contingent consideration, which is classified as Level 3:

	Balance Sheets location	~~January~~March 328,2026		September 27,2025
Foreign currency contracts	Other current assets	$	~~566~~42	$	250
Foreign currency contracts	Other assets	—		39
	Total assets	$	~~566~~42	$	289
Foreign currency contracts	Accrued liabilities and other	$	~~285~~1,857	$	1,502
Foreign currency contracts	Other long-term liabilities	—		8
Acquisition contingent consideration	Accrued liabilities and other	—		473
	Total liabilities	$	~~285~~1,857	$	1,983

The changes in financial liabilities classified as Level 3 within the fair value hierarchy are as follows:

	Three Months Ended		~~Three Months Ended~~		Six Months Ended
					January 3,2026		December 28,2024
	March 28,2026		March 29,2025		March 28,2026		March 29,2025
Balance at beginning of period	$	—	$	2,239	$	473	$	2,839
Settlements paid in cash					(473)		(600)
Increase in earn out provisions	—		76		—		76
Balance at end of period					$	—	$	2,239
Settlements paid in cash	—		(1,442)		(473)		(2,042)
Balance at end of period	$	—	$	873	$	—	$	873

Our only financial instrument for which the carrying value differs from its fair value is long-term debt. At ~~January~~March 328, 2026, the fair value of long-term debt was $1,~~050~~239,~~769~~443 compared to its carrying value of $1,~~057~~251,000. The fair value of long-term debt is classified as Level 2 within the fair value hierarchy and was estimated based on quoted market prices.

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Note 13 - Employee Benefit Plans

Pension expense for our defined contribution plans consists of:

	Three Months Ended		~~Three Months Ended~~		Six Months Ended
					January 3,2026		December 28,2024
	March 28,2026		March 29,2025		March 28,2026		March 29,2025
U.S. defined contribution plans	$	14,009	$	12,427	$	1327,~~805~~814	$	1124,~~880~~307
Non-U.S. defined contribution plans	3,058		2,591		36,~~048~~106		25,~~553~~144
Total expense for defined contribution plans	$	17,067	$	15,018	$	1633,~~853~~920	$	1429,~~433~~451

Net periodic benefit costs for our defined benefit pension plans are as follows:

	Three Months Ended		~~Three Months Ended~~		Six Months Ended
					January 3,2026		December 28,2024
	March 28,2026		March 29,2025		March 28,2026		March 29,2025
U.S. Plans
Service cost	$	2,017	$	2,471	$	24,~~017~~034	$	24,~~470~~941
Interest cost	6,924		6,724		613,~~925~~849		613,~~724~~448
Expected return on plan assets	(8,414)		(7,900)		(816,~~414~~828)		(715,~~900~~800)
Amortization of actuarial loss	2,327		2,977		24,~~326~~653		25,~~977~~954
Expense for U.S. defined benefit plans	$	2,854	$	4,272	$	25,~~854~~708	$	48,~~271~~543
Non-U.S. Plans
Service cost	$	703	$	764	$	~~698~~1,401	$	~~767~~1,531
Interest cost	1,455		1,290		12,~~431~~886		12,~~304~~594
Expected return on plan assets	(1,065)		(1,027)		(12,~~054~~119)		(12,~~035~~062)
Amortization of prior service cost	15		15		1530		1429
Amortization of actuarial loss	127		187		~~125~~252		~~189~~376
Expense for non-U.S. defined benefit plans	$	1,235	$	1,229	$	12,~~215~~450	$	12,~~239~~468

Note 14 - Income Taxes

The effective tax rate for the three and six months ended ~~January~~March 328, 2026 was 24.8% and ~~December~~23.5%, respectively. The effective tax rate for the three and six months ended March 2829, ~~2024~~2025 was 2224.12% and 2223.75%, respectively. The effective tax rates for the three and six months ended ~~January~~March 328, 2026 and ~~December~~March 2829, ~~2024~~2025 are different than the U.S. federal statutory tax rate of 21% due to tax on earnings generated outside the U.S. with higher statutory rates and U.S. state income taxes, partially offset by research and development tax credits.

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Note 15 - Accumulated Other Comprehensive Income (Loss)

The changes in AOCIL, net of tax, by component for the ~~three~~six months ended ~~January~~March 328, 2026 are as follows:

	Accumulated foreign currency translation		Accumulated retirement liability		Accumulated gain (loss) on derivatives		Total
AOCIL at September 27, 2025	$	(74,614)	$	(83,312)	$	207	$	(157,719)
OCI before reclassifications	4(6,~~656~~362)		~~(120)~~29		(~~333~~703)		4(7,~~203~~036)
Amounts reclassified from AOCIL	—		13,~~706~~416		14(8)		13,~~720~~408
OCI, net of tax	4(6,~~656~~362)		13,~~586~~445		(~~319~~711)		5(3,~~923~~628)
AOCIL at January 3, 2026	$	(69,958)	$	(81,726)	$	(112)	$	(151,796)
AOCIL at March 28, 2026	$	(80,976)	$	(79,867)	$	(504)	$	(161,347)

Net gains and losses on net investment hedges are recorded in Accumulated foreign currency translation to the extent that the instruments are effective in hedging the designated risk.

The amounts reclassified from AOCIL into earnings are as follows:

		Three Months Ended		~~Three Months Ended~~		Six Months Ended
	Statements of Earnings location	March 28,2026		March 29,2025		~~January~~March 328,2026		~~December~~March 2829,~~2024~~2025
Retirement liability:
Prior service cost		$	15	$	15	$	1530	$	1429
Actuarial losses		2,214		2,816		24,~~210~~424		25,~~818~~634
Reclassification from AOCIL into earnings		2,229		2,831		24,~~225~~454		25,~~832~~663
Tax effect		(519)		(655)		(~~519~~1,038)		(~~653~~1,308)
Net reclassification from AOCIL into earnings		$	1,710	$	2,176	$	13,~~706~~416	$	24,~~179~~355
Derivatives:
Foreign currency contracts	Cost of sales	$	(29)	$	(51)	$	18(11)	$	21(30)
Reclassification from AOCIL into earnings		(29)		(51)		18(11)		21(30)
Tax effect		7		12		~~(4)~~3		~~(5)~~7
Net reclassification from AOCIL into earnings		$	(22)	$	(39)	$	14(8)	$	16(23)
Foreign currency translation:
Business dispositions	Other	$	—	$	(10)	$	—	$	11,~~012~~002
Reclassification from AOCIL into earnings		—		(10)		—		11,~~012~~002
Tax effect		—		—		—		—
Net reclassification from AOCIL into earnings		$	—	$	(10)	$	—	$	11,~~012~~002

Reclassification from AOCIL into earnings for the Retirement liability ~~are~~is included in the computation of non-service pension expense, which is included in Other on the Consolidated ~~Statement~~Statements of Earnings.

The effective portion of amounts deferred in AOCIL are as follows:

	Three Months Ended		~~Three Months Ended~~		Six Months Ended
					January 3,2026		December 28,2024
	March 28,2026		March 29,2025		March 28,2026		March 29,2025
Foreign currency contracts	$	(484)	$	576	$	(~~436~~920)	$	~~321~~897
Net gain (loss)	(484)		576		(~~436~~920)		~~321~~897
Tax effect	114		(137)		~~103~~217		(75212)
Net deferral in AOCIL of derivatives	$	(370)	$	439	$	(~~333~~703)	$	~~246~~685

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Note 16 - Stock Employee Compensation Trust and Supplemental Retirement Plan Trust

The SECT assists in administering and provides funding for equity-based compensation plans and benefit programs, including the Moog Inc. Retirement Savings Plan ("RSP"), RSP(+) and the Employee Stock Purchase Plan ("ESPP"). The SERP Trust provides funding for benefits under the SERP provisions of the Moog Inc. Plan to Equalize Retirement Income and Supplemental Retirement Income. Both the SECT and the SERP Trust hold Moog shares as investments. The shares in the SECT and SERP Trust are not considered outstanding for purposes of calculating earnings per share. However, in accordance with the trust agreements governing the SECT and SERP Trust, the trustees vote all shares held by the SECT and SERP Trust on all matters submitted to shareholders.

Note 17 - Earnings per Share

Basic and diluted weighted-average shares outstanding are as follows:

Three Months Ended

~~Three Months Ended~~

Six Months Ended

January 3,2026

December 28,2024

March 28,2026

March 29,2025

March 28,2026

March 29,2025

Basic weighted-average shares outstanding

31,715,560

31,558,372

31,~~679~~696,~~982~~403

31,~~971~~764,~~462~~917

Dilutive effect of equity-based awards

386,975

383,943

~~365~~376,~~407~~191

~~435~~409,~~831~~887

Diluted weighted-average shares outstanding

32,102,535

31,942,315

32,~~045~~072,~~389~~594

32,~~407~~174,~~293~~804

Note 18 - Segments

Disaggregation of net sales by segment for the three and six months ended ~~January~~March 328, 2026 and ~~December~~March 2829, ~~2024~~2025 are as follows:

	Three Months Ended		~~Three Months Ended~~		Six Months Ended
Market Type	March 28,2026		March 29,2025		~~January~~March 328,2026		~~December~~March 2829,~~2024~~2025
Net sales:
Space	$	127,557	$	122,018	$	~~122~~250,~~863~~420	$	~~108~~230,~~187~~205
Defense	186,036		148,166		~~201~~387,~~415~~451		~~139~~287,~~597~~763
Space and Defense	313,593		270,184		~~324~~637,~~278~~871		~~247~~517,~~784~~968
Original Equipment Manufacturers	183,524		165,166		~~177~~361,~~656~~180		~~166~~331,~~207~~373
Aftermarket	51,965		48,683		69121,~~755~~720		4795,~~213~~896
Military Aircraft	235,489		213,849		~~247~~482,~~411~~900		~~213~~427,~~420~~269
Original Equipment Manufacturers	163,837		135,648		~~170~~334,~~296~~133		~~141~~276,~~077~~725
Aftermarket	83,170		79,915		97180,~~547~~717		77157,~~413~~328
Commercial Aircraft	247,007		215,563		~~267~~514,~~843~~850		~~218~~434,~~490~~053
Energy	33,476		38,933		3467,~~119~~595		2867,~~285~~218
Industrial Automation	123,339		95,063		~~116~~240,~~812~~151		96191,~~114~~177
Simulation and Test	32,431		34,816		3668,~~328~~759		3570,~~493~~309
Medical	66,612		65,614		73140,~~555~~167		68133,~~296~~910
Industrial	255,858		234,426		~~260~~516,~~814~~672		~~228~~462,~~188~~614
Net sales	$	1,051,947	$	934,022	$	12,~~100~~152,~~346~~293	$	~~907~~1,~~882~~841,904

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	Three Months Ended		~~Three Months Ended~~		Six Months Ended
Customer Type	March 28,2026		March 29,2025		~~January~~March 328,2026		~~December~~March 2829,~~2024~~2025
Net sales:
Commercial	$	46,706	$	32,007	$	62109,~~347~~053	$	5991,~~102~~109
U.S. Government (including OEM)	214,076		212,259		~~211~~425,~~001~~077		~~162~~374,~~285~~544
Other	52,811		25,918		50103,~~930~~741		2652,~~397~~315
Space and Defense	313,593		270,184		~~324~~637,~~278~~871		~~247~~517,~~784~~968
U.S. Government (including OEM)	176,177		159,066		~~196~~372,~~223~~400		~~160~~319,~~775~~841
Other	59,312		54,783		51110,~~188~~500		52107,~~645~~428
Military Aircraft	235,489		213,849		~~247~~482,~~411~~900		~~213~~427,~~420~~269
Commercial	235,106		205,882		~~258~~493,~~239~~345		~~209~~415,~~326~~208
Other	11,901		9,681		921,~~604~~505		918,~~164~~845
Commercial Aircraft	247,007		215,563		~~267~~514,~~843~~850		~~218~~434,~~490~~053
Commercial	251,897		229,781		~~257~~509,~~513~~410		~~226~~455,~~146~~927
U.S. Government (including OEM)	887		2,106		~~820~~1,707		~~591~~2,697
Other	3,074		2,539		25,~~481~~555		13,~~451~~990
Industrial	255,858		234,426		~~260~~516,~~814~~672		~~228~~462,~~188~~614
Commercial	533,709		467,670		~~578~~1,~~099~~111,808		~~494~~962,~~574~~244
U.S. Government (including OEM)	391,140		373,431		~~408~~799,~~044~~184		~~323~~697,~~651~~082
Other	127,098		92,921		~~114~~241,~~203~~301		89182,~~657~~578
Net sales	$	1,051,947	$	934,022	$	12,~~100~~152,~~346~~293	$	~~907~~1,~~882~~841,904

	Three Months Ended		~~Three Months Ended~~		Six Months Ended
Revenue Recognition Method	March 28,2026		March 29,2025		~~January~~March 328,2026		~~December~~March 2829,~~2024~~2025
Net sales:
Over-time	$	279,637	$	242,650	$	~~284~~563,~~079~~716	$	~~223~~466,~~382~~032
Point in time	33,956		27,534		4074,~~199~~155		2451,~~402~~936
Space and Defense	313,593		270,184		~~324~~637,~~278~~871		~~247~~517,~~784~~968
Over-time	201,275		181,079		~~213~~415,~~802~~077		~~176~~357,~~554~~633
Point in time	34,214		32,770		3367,~~609~~823		3669,~~866~~636
Military Aircraft	235,489		213,849		~~247~~482,~~411~~900		~~213~~427,~~420~~269
Over-time	182,592		154,862		~~205~~388,~~632~~224		~~161~~316,~~212~~074
Point in time	64,415		60,701		62126,~~211~~626		57117,~~278~~979
Commercial Aircraft	247,007		215,563		~~267~~514,~~843~~850		~~218~~434,~~490~~053
Over-time	21,765		28,273		2244,~~862~~627		2655,~~967~~240
Point in time	234,093		206,153		~~237~~472,~~952~~045		~~201~~407,~~221~~374
Industrial	255,858		234,426		~~260~~516,~~814~~672		~~228~~462,~~188~~614
Over-time	685,269		606,864		~~726~~1,~~375~~411,644		~~588~~1,~~115~~194,979
Point in time	366,678		327,158		~~373~~740,~~971~~649		~~319~~646,~~767~~925
Net sales	$	1,051,947	$	934,022	$	12,~~100~~152,~~346~~293	$	~~907~~1,~~882~~841,904

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The Company’s Chief Operating Decision Maker (“CODM”) is the President and Chief Executive Officer. The CODM is responsible for allocating resources and assessing performance based on the segment’s operating profit or loss, among other considerations. Segment operating profit is net sales less cost of sales and other operating expenses, excluding interest expense, equity-based compensation, non-service pension expense and other corporate expenses. Cost of sales and other operating expenses are directly attributable to the respective segment or allocated on the basis of sales, headcount or profit. Long-lived tangible assets and total asset information by segment inis not provided to, or reviewed by our CODM as it is not used to make strategic decisions, allocate resources, or assess performance.

We report results to our CODM under our four segments identified as Space and Defense, Military Aircraft, Commercial Aircraft and Industrial. Disaggregation of operating results by segment and reconciliations to consolidated amounts are as follows:

	Three Months Ended		~~Three Months Ended~~		Six Months Ended
(dollars in thousands)	March 28,2026		March 29,2025		~~January~~March 328, 2026		~~December~~March 2829, ~~2024~~2025
Net sales:
Space and Defense	$	313,593	$	270,184	$	~~324~~637,~~278~~871	$	~~247~~517,~~784~~968
Military Aircraft	235,489		213,849		~~247~~482,~~411~~900		~~213~~427,~~420~~269
Commercial Aircraft	247,007		215,563		~~267~~514,~~843~~850		~~218~~434,~~490~~053
Industrial	255,858		234,426		~~260~~516,~~814~~672		~~228~~462,~~188~~614
Total net sales	$	1,051,947	$	934,022	12,~~100~~152,~~346~~293		~~907~~1,~~882~~841,904
Cost of sales:
Space and Defense	$	222,710	$	196,780	$	~~229~~452,~~501~~211	$	~~182~~379,~~499~~279
Military Aircraft	173,028		155,801		~~187~~360,~~417~~445		~~159~~315,~~749~~550
Commercial Aircraft	199,839		171,865		~~220~~419,~~008~~847		~~175~~347,~~736~~601
Industrial	168,815		150,809		~~169~~337,~~180~~995		~~144~~295,~~820~~629
Total cost of sales	$	764,392	$	675,255	$	~~806~~1,~~106~~570,498	$	~~662~~1,~~804~~338,059
Inventory write-down:
Space and Defense	$	—	$	449	$	—	$	449
Military Aircraft	—		—		—		—
Commercial Aircraft	—		—		—		—
Industrial	—		1,700		—		1,700
Total inventory write-down	$	—	$	2,149	$	—	$	2,149
Research and development:
Space and Defense	$	9,550	$	5,939	$	817,~~181~~731	$	511,~~331~~270
Military Aircraft	6,175		6,947		511,~~115~~290		512,~~999~~946
Commercial Aircraft	2,172		2,649		24,~~369~~541		25,~~533~~182
Industrial	8,765		8,946		817,~~969~~734		918,~~742~~688
Total research and development	$	26,662	$	24,481	$	2451,~~634~~296	$	2348,~~605~~086
Selling, general and administrative:
Space and Defense	$	36,893	$	33,674	$	4379,~~094~~987	$	3165,~~410~~084
Military Aircraft	24,861		27,579		2651,~~991~~852		2451,~~419~~998
Commercial Aircraft	15,893		16,043		1733,~~461~~354		1430,~~827~~870
Industrial	46,145		44,369		4692,~~515~~660		4488,~~324~~693
Corporate expenses	7,762		8,572		917,~~943~~705		817,~~832~~404
Equity based compensation expense	4,770		3,695		49,~~955~~725		48,~~325~~020
Total selling, general and administrative	$	136,324	$	133,932	$	~~148~~285,~~959~~283	$	~~128~~262,~~137~~069
Other operating (income) expenses:
Space and Defense	$	1,175	$	564	$	~~732~~1,907	$	~~(236)~~328
Military Aircraft	(885)		(194)		(~~240~~1,125)		(~~356~~550)
Commercial Aircraft	(213)		(341)		(~~409~~622)		(~~373~~714)
Industrial	(913)		1,392		16(897)		35,~~854~~246
Total other operating expenses	$	(836)	$	1,421	$	99(737)	$	24,~~889~~310

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Operating profit is net sales less cost of sales and other operating expenses, excluding interest expense, equity-based compensation expense, non-service pension expense and other corporate expenses. Cost of sales and other operating expenses are directly identifiable to the respective segment or allocated on the basis of sales, manpower or profit. Operating profit by segment and reconciliations for the three months ended January 3, 2026 and December 28, 2024 are as follows:


	Three Months Ended				Six Months Ended
	March 28, 2026		March 29, 2025		March 28, 2026		March 29, 2025
Operating profit:
Space and Defense	$	43,265	$	32,778	$	86,035	$	61,558
Military Aircraft	32,310		23,716		60,438		47,325
Commercial Aircraft	29,316		25,347		57,730		51,114
Industrial	33,046		27,210		69,180		52,658
Total operating profit	137,937		109,051		273,383		212,655
Deductions from operating profit:
Interest expense	15,540		19,548		32,735		35,796
Equity-based compensation expense	4,770		3,695		9,725		8,020
Non-service pension expense	1,147		1,939		2,277		3,885
Corporate and other expenses, net	7,661		11,811		18,613		18,461
Earnings before income taxes	$	108,819	$	72,058	$	210,033	$	146,493
Depreciation and amortization:
Space and Defense	$	7,227	$	5,758	$	14,329	$	11,323
Military Aircraft	10,270		8,204		19,950		16,340
Commercial Aircraft	4,224		4,436		8,815		9,176
Industrial	6,277		6,212		12,466		12,476
Corporate	37		46		73		93
Total depreciation and amortization	$	28,035	$	24,656	$	55,633	$	49,408
Capital expenditures:
Space and Defense	$	10,963	$	15,911	$	24,335	$	30,316
Military Aircraft	9,489		10,850		19,706		19,253
Commercial Aircraft	5,561		4,541		12,482		7,555
Industrial	5,778		6,268		9,642		13,217
Corporate	7		34		13		41
Total capital expenditures	$	31,798	$	37,604	$	66,178	$	70,382

	Three Months Ended
		January 3,2026		December 28,2024
Operating profit:
Space and Defense		$	42,770	$	28,780
Military Aircraft		28,128		23,609
Commercial Aircraft		28,414		25,767
Industrial		36,134		25,448
Total operating profit		135,446		103,604
Deductions from operating profit:
Interest expense		17,195		16,248
Equity-based compensation expense		4,955		4,325
Non-service pension expense		1,130		1,946
Corporate and other expenses, net		10,952		6,650
Earnings before income taxes		$	101,214	$	74,435
Depreciation and amortization:
Space and Defense		$	7,102	$	5,565
Military Aircraft		9,680		8,136
Commercial Aircraft		4,591		4,740
Industrial		6,189		6,264
Corporate		36		47
Total depreciation and amortization		$	27,598	$	24,752
Capital expenditures:
Space and Defense		$	13,372	$	14,405
Military Aircraft		10,217		8,403
Commercial Aircraft		6,921		3,014
Industrial		3,864		6,949
Corporate		6		7
Total capital expenditures		$	34,380	$	32,778

Segment results exclude intercompany sales as those activities are eliminated in consolidation and are not considered in assessing the performance of each segment. Other segment operating income and expenses include restructuring, asset impairments, fair value adjustments, gains or losses on business disposals, royalty income and miscellaneous income and expenses.

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Note 19 - Related Party Transactions

Our transactions with related parties were not material for the three and six months ended ~~January~~March 328, 2026.

Note 20 - Commitments and Contingencies

From time to time, we are involved in legal proceedings. We are not a party to any pending legal proceedings which management believes will result in a material adverse effect on our financial condition, results of operations or cash flows.

We are engaged in administrative proceedings with governmental agencies and legal proceedings with governmental agencies and other third parties in the normal course of our business, including litigation under Superfund laws, regarding environmental matters. We believe that adequate reserves have been established for our share of the estimated cost for all currently pending environmental administrative or legal proceedings and do not expect that these environmental matters will have a material adverse effect on our financial condition, results of operations or cash flows.

In the ordinary course of business we could be subject to ongoing claims or disputes from our customers, the ultimate settlement of which could have a material adverse impact on our consolidated results of operations. While the receivables and any loss provisions recorded to date reflect management's best estimate of the projected costs to complete a given project, there is still significant effort required to complete the ultimate deliverable. Future variability in internal cost and future profitability is dependent upon a number of factors including deliveries, performance and government budgetary pressures. The inability to achieve a satisfactory contractual solution, further unplanned delays, additional developmental cost growth or variations in any of the estimates used in the existing contract analysis could lead to further loss provisions. Additional losses could have a material adverse impact on our financial condition, results of operations or cash flows in the period in which the loss may be recognized.

We are contingently liable for $14,~~669~~802 related to standby letters of credit issued by banks to third parties on our behalf at ~~January~~March 328, 2026.

Note 21 - Subsequent ~~Event~~Events

On ~~January 27~~April 23, 2026, ~~Moog~~we ~~Receivables~~declared ~~LLC,~~a ~~as Seller, Moog Inc~~$0.30 asper ~~Master~~share ~~Servicer,~~quarterly ~~Truist~~dividend ~~Bank,~~payable ason ~~Administrative~~issued ~~Agent~~ and ~~certain~~outstanding ~~purchasers~~shares ~~(collectively,~~of ~~the~~our ~~"Purchasers"),~~Class ~~entered~~A ~~into the Fifth Amendment to the Amended~~ and ~~Restated~~Class ~~Receivables~~B ~~Purchase~~common ~~Agreement.~~stock ~~The~~on ~~RPA~~May 21, ~~was~~2026, ~~amended~~ to ~~change~~shareholders ~~the~~of ~~administrative~~record ~~agent~~at ~~and to extend~~ the ~~maturity~~close ~~to February 20, 2028. The RPA allows for the sale~~ of ~~receivables~~business toon ~~the Purchasers in amounts up to a $125~~May 12,~~000~~ ~~limit, which is unchanged from the prior amendment~~2026.

On ~~January~~April 293, 2026, we ~~declared~~redeemed ain ~~$0.30~~full ~~per~~all ~~share~~$500,000 ~~quarterly~~aggregate ~~dividend~~principal ~~payable~~amount ~~on issued and outstanding shares~~ of our ~~Class~~outstanding A4.25% ~~and~~senior ~~Class~~notes, Bdue ~~common~~2027, ~~stock~~at ona ~~February 26,~~redemption ~~2026~~price equal to ~~shareholders~~100.00%. ofSee ~~record~~Note at9 ~~the~~- ~~close~~Indebtedness offor ~~business~~additional ~~on February 17, 2026~~details.

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

The following should be read in conjunction with Management’s Discussion and Analysis of Financial Condition and Results of Operations contained in the Company’s Annual Report filed on Form 10-K for the fiscal year ended September 27, 2025. In addition, the following should be read in conjunction with our Consolidated Financial Statements and Notes to Consolidated Financial Statements contained herein. All references to years in this Management’s Discussion and Analysis of Financial Condition and Results of Operations are to fiscal years. Amounts may differ due to rounding as dollar and percentage variances are computed based on reported values.

OVERVIEW

We are a worldwide designer, manufacturer and systems integrator of high performance precision motion and fluid ~~controls~~control and control systems for a broad range of applications. We primarily operate in the aerospace and defense market, and also operate in the industrial and medical markets.

Within the aerospace and defense market, our products and systems include:

•Defense market - primary and secondary flight controls and components for military aircraft, tactical and strategic missile steering controls, defense ground vehicle systems including turreted weapon systems and various other defense ~~product~~ components.

•Commercial aircraft market - primary and secondary flight controls and components for commercial aircraft.

•Space market - satellite avionics, propulsion and positioning controls and components, launcher thrust vector controls and components, as well as integrated space vehicles.

InOutside of the ~~industrial~~aerospace and defense market, our products ~~are~~and ~~used~~systems in the industrial and medical markets span a wide range of applications including:

•Industrial market - various components and systems used in applications including: heavy industrial machinery used for metal forming and pressing, flight simulation motion control systems, energy exploration and generation products, material and automotive structural and fatigue testing systems, as well as liquid cooling pumps used in data centers.

•Medical market - pumps and sets for enteral clinical nutrition and infusion therapy, slip rings used in CT scan medical equipment and various components used in ultrasonic sensors and surgical handpieces.

We operate under four segments, Space and Defense, Military Aircraft, Commercial Aircraft and Industrial. Our principal manufacturing facilities are located in the United States, Philippines, United Kingdom, Germany, Italy, Costa Rica, China, Netherlands, Japan, Canada, India and Lithuania.

Under ASC 606, 6665% of revenue was recognized over time for the three months ended ~~January~~March 328, 2026, using the cost-to-cost method of accounting. The over-time method of revenue recognition is predominantly used in Space and Defense, Military Aircraft and Commercial Aircraft. We use this method for U.S. Government contracts and repair and overhaul arrangements as we are creating or enhancing assets that the customer controls. In addition, many of our large commercial contracts qualify for over-time accounting as our performance does not create an asset with an alternative use and we have an enforceable right to payment for performance completed to date.

For the three months ended ~~January~~March 328, 2026, 3435% of revenue was recognized at the point in time control transferred to the customer. This method of revenue recognition is used most frequently in Industrial. We use this method for commercial contracts in which the asset being created has an alternative use. We determine the point in time control transfers to the customer by weighing the five indicators provided by ASC 606. When control has transferred to the customer, profit is generated as cost of sales is recorded and as revenue is recognized.

Our products and technologies affect millions of people worldwide. Our solutions preserve national security, ensure safe air transportation, reduce industrial factory emissions and enhance patients' lives, while driving innovation. Moog engineers collaboratively design and manufacture the most advanced motion control products, to the highest quality standards, for use in demanding applications. By building on these core foundational capabilities, we believe we have achieved a leadership position in the high-performance, precision controls market, and are "Shaping the way our world moves™".

safe air transportation, reduce industrial factory emissions and enhance patients' lives, while driving innovation. Moog engineers collaboratively design and manufacture the most advanced motion control products, to the highest quality standards, for use in demanding applications. By building on these core foundational capabilities, we believe we have achieved a leadership position in the high-performance, precision controls market, and are "Shaping the way our world moves™".

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We leverage our engineering expertise and close customer relationships to solve complex technical problems. This approach has allowed us to expand, organically and through acquisitions, our high-performance components business to also offer the design, manufacture and integration of high-performance systems across multiple markets. We continue to expand our content on existing platforms as well, seeking to be the leading precision motion-controls supplier across the niche markets we serve. We are also modernizing operations through productivity-enhancing technologies and targeted talent development to strengthen operational performance.

approach has allowed us to expand, organically and through acquisitions, our high-performance components

business to also offer the design, manufacture and integration of high-performance systems across multiple markets. We continue to expand our content on existing platforms as well, seeking to be the leading precision motion-controls supplier across the niche markets we serve. We are also modernizing operations through productivity-enhancing technologies and targeted talent development to strengthen operational performance.

Our long-term strategies to achieve our financial objectives focus on pricing and simplification initiatives. Our pricing strategy seeks recognition for the value we deliver to our customers across our markets. Our simplification initiatives, guided by 80/20 principles, include:

•shaping our product and business portfolio to invest in growth areas and to divest non-core assets,

•rationalizing our global footprint to meet current and future business volumes,

•focusing our factories to meet the specific needs of each market, and

•investing in automation and technologies to improve operational efficiency.

We aim to improve shareholder value through strategic revenue growth, both organic and acquired, manufacturing and operating efficiencies and utilizing low-cost manufacturing facilities without compromising quality. Historically and over the long-term, our capital deployment strategy has balanced strategic acquisitions, share buybacks and dividend payments to maximize shareholder returns. In the near term, our capital deployment prioritizes organic growth while opportunistically pursuing acquisitions that complement our business.

and operating efficiencies and utilizing low-cost manufacturing facilities without compromising quality. Historically and over the long-term, our capital deployment strategy has balanced strategic acquisitions, share buybacks and dividend payments to maximize shareholder returns. In the near term, our capital deployment prioritizes organic growth while opportunistically pursuing acquisitions that complement our business.

Acquisitions and Assets Held for Sale

See Note 3 - Acquisitions and Assets Held for Sale in the Consolidated Financial Statements included in Item 1, Financial Statements of this report for details.

CRITICAL ACCOUNTING POLICIES

On a regular basis, we evaluate the critical accounting policies used to prepare our consolidated financial statements, including revenue recognition on long-term contracts, contract reserves, reserves for inventory valuation and income taxes.

RECENT ACCOUNTING PRONOUNCEMENTS

See Note 1 - Basis of Presentation in the Consolidated Financial Statements included in Item 1, Financial Statements of this report for further information regarding Financial Accounting Standards Board issued ASUs.

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CONSOLIDATED RESULTS OF OPERATIONS
	Three Months Ended						~~Three Months Ended~~				Six Months Ended
(In millions, except per share data)	March 28, 2026			March 29, 2025			$ Variance		% Variance		~~January~~March 328, 2026			~~December~~March 2829, ~~2024~~2025			$ Variance		% Variance
Net sales	$	1,052		$	934		$	118	13	%	$	12,~~100~~152		$	~~908~~1,842		$	~~192~~310	2117	%
Gross margin	27.3		%	27.5		%					2627.70		%	27.02		%
Research and development expenses	27			24			2		9	%	2551			2448			13		47	%
Selling, general and administrative expenses as a percentage of sales	13.0		%	14.3		%					13.53		%	14.12		%
Interest expense	16			20			(4)		(21	%)	1733			1636			1(3)		6(9	%)
Restructuring expense	2			2			(1)				13			46			(23)
Other	(1)			4			(5)				(1)			~~(1)~~3			2(4)
Effective tax rate	24.8		%	24.2		%					2223.15		%	2223.75		%
Net earnings	$	82		$	55		$	27	50	%	$	79161		$	58112		$	2149	3743	%
Diluted earnings per share	$	2.55		$	1.71		$	0.84	49	%	$	25.4601		$	13.7849		$	01.6852	3844	%
Twelve-month backlog											$	3,~~260~~310		$	2,~~500~~490		$	~~760~~820	3033	%

Net sales increased across all our segments in the ~~first~~second quarter and in the first half of 2026 compared to the ~~first~~second quarter and the first half of 2025.

Gross margin decreased in the ~~first~~second quarter and first half of 2026 compared to the ~~first~~second quarter and first half of 2025, driven by higher tariffs across all our segments, ~~primarily~~particularly in Commercial Aircraft, partially offset by profitable sales growth in Space and ~~Industrial~~Defense.

Research and development expenses increased in the ~~first~~second quarter and first half of 2026 compared to the ~~first~~second quarter and first half of 2025, driven by activities supporting our ~~new~~current and future growth programs in Space and Defense.

Selling, general and administrative expenses as a percentage of sales decreased in the ~~first~~second quarter and first half of 2026 compared to the ~~first~~second quarter and first half of 2025, reflecting the incremental benefit from higher sales volume.

Interest expense ~~increased~~decreased in the ~~first~~second quarter and first half of 2026 compared to the ~~first~~second quarter and first half of 2025, driven by ~~higher~~lower outstanding debt balances, ~~partially~~and ~~offset by~~ lower interest rates.

In the ~~first~~second quarter and first half of 2026 and in the ~~first~~second quarter and first half of 2025, restructuring charges included charges for various simplification activities, primarily within Industrial and Space and Defense.

The effective tax rate was ~~lower~~higher in the ~~first~~second quarter of 2026 compared to the ~~first~~second quarter of 2025, driven by recently enacted legislation. The effective tax rate was unchanged in the first half of 2026 compared to the first half of 2025, as discrete items, primarily related to equity-based compensation, offset by the recently enacted legislation.

The twelve-month backlog atas ~~January~~of 3March 28, 2026 increased as compared with the twelve-month backlog atas ~~December~~of 28March 29, ~~2024~~2025. ~~The~~Military Aircraft's twelve-month backlog ~~in Military Aircraft~~ increased due to higher orders for new and current aircraft. Within Commercial Aircraft, we had higher orders for narrowbody and widebody OEM programs. Within Space and Defense, we had higher orders across the entire portfolio of the business, reflecting strong business capture and broad-based growth in both ~~space~~defense and ~~defense~~space markets. ~~Within~~Industrial's ~~Commercial Aircraft, we had higher orders for narrowbody and widebody OEM programs. The~~ twelve-month backlog ~~in Industrial~~ increased primarily due to higher demand for liquid cooling pumps used in data centers.

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SEGMENT RESULTS OF OPERATIONS

Operating profit, as presented below, is net sales less cost of sales and other operating expenses, excluding interest expense, equity-based compensation expense, non-service pension expense and other corporate expenses. Cost of sales and other operating expenses are directly identifiable to the respective segment or allocated on the basis of sales, headcount or profit. Operating profit is reconciled to earnings before income taxes in Note 18 - Segments in the Notes to Consolidated Financial Statements included in this report.

Space and Defense

	Three Months Ended						~~Three Months Ended~~				Six Months Ended
(dollars in millions)	March 28, 2026			March 29, 2025			$Variance		% Variance		~~January~~March 328, 2026			~~December~~March 2829, ~~2024~~2025			$ Variance		% Variance
Net sales	$	314		$	270		$	43	16	%	$	~~324~~638		$	~~248~~518		$	76120	3123	%
Operating profit	$	43		$	33		$	10	32	%	$	4386		$	2962		$	1424	4940	%
Operating margin	13.8		%	12.1		%					13.25		%	11.69		%

Space and Defense net sales increased in the ~~first~~second quarter and first half of 2026 compared to the ~~first~~second quarter and first half of 2025, reflecting broad-based defense demand. Demand was particularly strong for ~~missile~~space ~~controls~~vehicles and ~~satellite~~missile ~~components~~controls.

Operating margin increased in the ~~first~~second quarter and first half of 2026 compared to the ~~first~~second quarter and first half of 2025, driven by profitable sales growth. This was partially offset by increased costs for business capture, product development, ~~operational readiness investments~~ and ~~acquisition-related~~operational ~~expenses~~readiness.

Military Aircraft

	Three Months Ended						~~Three Months Ended~~				Six Months Ended
(dollars in millions)	March 28, 2026			March 29, 2025			$ Variance		%Variance		~~January~~March 328, 2026			~~December~~March 2829, ~~2024~~2025			$ Variance		% Variance
Net sales	$	235		$	214		$	22	10	%	$	~~247~~483		$	~~213~~427		$	3456	1613	%
Operating profit	$	32		$	24		$	9	36	%	$	2860		$	2447		$	513	1928	%
Operating margin	13.7		%	11.1		%					1112.45		%	11.1		%

Military Aircraft net sales increased in the ~~first~~second quarter and first half of 2026 compared to the ~~first~~second quarter ofand ~~2025.~~first ~~Military~~half ~~aftermarket sales increased $23 million, driven by the receipt~~ of ~~a significant V-22 spares order~~2025. ~~Sales increased in military OEM programs $11 million, driven by the ramp-up of activity on the MV-75 program.~~

~~Operating~~In ~~margin increased in~~ the ~~first~~second quarter of 2026 compared to the ~~first~~second quarter of 2025., Wemilitary ~~benefitted~~OEM ~~from~~sales ~~strong~~increased ~~aftermarket~~$18 ~~sales~~million, ~~which~~driven ~~was~~by ~~offset~~higher byactivity aon ~~less~~the ~~favorable~~MV-75 ~~OEM~~program. Military aftermarket sales ~~mix~~increased $3 million.

In the first half of 2026 compared to the first half of 2025, military OEM sales increased $30 million, driven by higher activity on the MV-75 program. Military aftermarket sales increased $26 million, driven by a significant V-22 spares order in the first quarter of 2026.

Operating margin increased in the second quarter and first half of 2026 compared to the second quarter and first half of 2025, driven by profitable sales growth.

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Commercial Aircraft

	Three Months Ended						~~Three Months Ended~~				Six Months Ended
(dollars in millions)	March 28, 2026			March 29, 2025			$ Variance		%Variance		~~January~~March 328, 2026			~~December~~March 2829, ~~2024~~2025			$ Variance		% Variance
Net sales	$	247		$	216		$	31	15	%	$	~~268~~515		$	~~218~~434		$	4981	2319	%
Operating profit	$	29		$	25		$	4	16	%	$	2858		$	2651		$	37	1013	%
Operating margin	11.9		%	11.8		%					1011.62		%	11.8		%

Commercial Aircraft net sales increased in the ~~first~~second quarter and first half of 2026 compared to the ~~first~~second quarter ~~of 2025. Commercial OEM sales increased $29 million, as we experienced growth from production ramps on widebody~~ and ~~narrowbody~~first ~~programs.~~half ~~Commercial~~of ~~aftermarket sales increased $20 million, driven by higher repair volumes, associated with strong fleet utilization~~2025.

~~Operating~~In ~~margin decreased in~~ the ~~first~~second quarter of 2026 compared to the ~~first~~second quarter of 2025., ~~The~~commercial ~~decrease~~OEM ~~was~~sales ~~driven~~increased by$28 ~~tariff pressure~~million, ~~which~~driven ~~was partially mitigated~~ by increased volume and pricing ~~benefits~~on certain production programs. Commercial aftermarket sales increased $3 million.

In the first half of 2026 compared to the first half of 2025, commercial OEM sales increased $57 million, driven by increased volume and pricing on certain production programs. Commercial aftermarket sales increased $23 million, driven by the timing of repair volumes in the first quarter of 2026.

Operating margin increased in the second quarter of 2026 compared to the second quarter of 2025. The increase was driven by pricing benefits, which were partially offset by tariff pressure.

Operating margin decreased in the first half of 2026 compared to the first half of 2025. The decrease was driven by tariff pressure, which was partially mitigated by pricing benefits.

Industrial

	Three Months Ended						~~Three Months Ended~~				Six Months Ended
(dollars in millions)	March 28, 2026			March 29, 2025			$Variance		% Variance		~~January~~March 328, 2026			~~December~~March 2829, ~~2024~~2025			$ Variance		% Variance
Net sales	$	256		$	234		$	21	9	%	$	~~261~~517		$	~~228~~463		$	3354	1412	%
Operating profit	$	33		$	27		$	6	21	%	$	3669		$	2553		$	1117	4231	%
Operating margin	12.9		%	11.6		%					13.94		%	11.24		%

Industrial net sales increased in the ~~first~~second quarter and first half of 2026 compared to the ~~first~~second quarter and first half of 2025, driven by strong demand for data center cooling pumps, and other industrial automation products, ~~and~~as ~~enteral~~well ~~feeding~~as ~~and~~a IVfavorable ~~sets~~impact of foreign currency translation.

Operating margin increased in the ~~first~~second quarter and first half of 2026 compared to the ~~first~~second quarter and first half of 2025, driven by lower charges related to simplification initiatives and the benefits from business optimization ~~and sales growth~~, partially ~~pressured~~offset by ~~tariffs~~tariff pressure.

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LIQUIDITY AND CAPITAL RESOURCES

Consolidated Statements of Cash Flows

	Three Months Ended
	Six Months Ended
(dollars in millions)	~~January~~March 328,2026		~~December~~March 2829,~~2024~~2025		$ Variance
Net cash provided (used) by:
Operating activities	$	~~(45)~~85	$	(~~133~~93)	$	88178
Investing activities	(3164)		(1959)		(125)
Financing activities	88225		~~164~~152		~~(76)~~72

Operating activities

Net cash ~~used~~provided by operating activities was $4585 million ~~and $133 million~~ in the first ~~quarter~~half of 2026. ~~and~~Net cash used by operating activities was $93 million in the first ~~quarter~~half of 2025~~, respectively~~. ~~Changes~~The inyear-over-year ~~inventories~~improvement ~~provided~~was ~~$56~~primarily ~~million~~driven ~~more~~by ~~cash.~~higher ~~Inventories~~net ~~decreased~~earnings inand increased customer advances on multiple Commercial Aircraft, ~~and~~ Military Aircraft, asand weSpace ~~delayed~~and ~~material~~Defense ~~receipts~~programs. ~~Changes~~Also, inreduced ~~customer~~estimated ~~advances~~tax ~~provided~~payments ~~$32~~related ~~million~~to ~~more~~research ~~cash,~~and asdevelopment weexpense ~~secured~~capitalization ~~customer~~rules ~~advances~~and onlower ~~multiple~~inventory ~~space~~usage ~~and~~drove ~~defense~~the ~~programs~~year-over-year improvement. Inventory decreased in Commercial Aircraft primarily due to delayed material receipts during the first half of 2026.

Investing activities

Net cash used by investing activities in the first ~~quarter~~half of 2026 included capital expenditures of $3466 million.

Net cash used by investing activities in the first ~~quarter~~half of 2025 included $3370 million of capital expenditures, ~~which~~and ~~were partially offset by~~ $13 million of proceeds from the sales of businesses.

Financing activities

Net cash provided by financing activities in the first ~~quarter~~half of 2026 included $~~111~~297 million of net borrowings on our credit facilities. This includes the issuance of $500 million of 5.5% senior notes. We also amended our $1.1 billion revolving credit facility and our $250 million term loan, ~~which~~extending ~~were~~the ~~partially~~maturities ~~offset~~of byeach out to five years. In addition, we made dividend payments of $919 million.

Net cash provided by financing activities in the first ~~quarter~~half of 2025 included $~~230~~291 million of net borrowings on our credit facilities. Financing activities also included $39100 million for shares under the authorized repurchase program and $918 million of cash dividends.

General

Cash flows from our operations, together with our various financing arrangements, fund on-going activities, debt service requirements, organic growth, acquisition opportunities and the ability to return capital to shareholders. We believe these sources of funding will be sufficient to meet our cash requirements for the next 12 months and for the foreseeable future thereafter.

At ~~January~~March 328, 2026, our cash balances were $74308 million, the majority of which is held ~~outside~~in of the U.S. ~~by foreign operations.~~ We regularly assess our cash needs, including repatriation of foreign earnings which may be subject to regulatory approvals and withholding taxes, where applicable by law. On April 3, 2026, we redeemed in full all $500 million aggregate principal amount of our outstanding 4.25% senior notes, due 2027, at a redemption price equal to 100.00%. See Note 9 - Indebtedness for additional details.

Financing Arrangements

In addition to operations, our capital resources include bank credit facilities and an accounts receivable financing program to fund our short and long-term capital requirements. We continuously evaluate various forms of financing to improve our liquidity and position ourselves for future opportunities, which, from time to time, may result in selling debt and equity securities to fund acquisitions or take advantage of favorable market conditions.

We are generally not required to obtain the consent of lenders of the U.S. revolving credit facility before raising significant additional debt financing; however, certain limitations and conditions may apply that would require consent to be obtained. We have demonstrated our ability to secure consents to access debt markets. We have also been successful in accessing equity markets from time to time. We believe that we will be able to obtain additional debt or equity financing as needed.

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We are generally not required to obtain the consent of lenders of the Credit Facility before raising significant additional debt financing; however, certain limitations and conditions may apply that would require consent to be obtained. We have demonstrated our ability to secure consents to access debt markets. We have also been successful in accessing equity markets from time to time. We believe that we will be able to obtain additional debt or equity financing as needed.

In the normal course of business, we are exposed to interest rate risk from our long-term debt. To manage these risks, we may enter into derivative instruments such as interest rate swaps which are used to adjust the proportion of total debt that is subject to variable and fixed interest rates.

~~Our~~On ~~U.S.~~February ~~revolving~~26, ~~credit~~2026, ~~facility~~we entered into the Eighth Amended and Restated Loan Agreement (the "Credit Facility"), which ~~matures~~amended onand restated our prior credit agreement and, among other things, extended the maturity date of our revolving loan from October 27, 2027 to February 26, 2031. The revolving loan has aaggregate ~~capacity~~commitments of $1.1 billion. ~~and~~The agreement also ~~provides~~permits anus ~~expansion~~to ~~option,~~request ~~which~~incremental ~~permits~~revolving uscommitments toand/or ~~request~~one or more incremental term loan facilities in an ~~increase~~aggregate amount of up to $400 million, ~~to the credit facility~~ upon satisfaction of certain conditions. The weighted-average interest rate on the outstanding ~~U.S.~~ revolving ~~credit~~loan ~~facility~~ borrowings ~~was 5.08% and~~ is based on SOFR plus the applicable margin, which was 1.3525% at ~~January~~March 328, 2026. ~~Our~~There ~~loan~~were no outstanding borrowings as of March 28, 2026. The agreement also includes a $250 million term loan ~~with~~maturing ~~installment~~on ~~payments~~February 26, of2031. $3The ~~million~~term loan amortizes in ~~2026,~~quarterly installments of $95 million in 2027, ~~and~~$6 ~~the~~million ~~remaining~~in ~~balance~~2028, on$11 ~~the~~million ~~maturity~~in ~~date of October 27~~2029, ~~2027.~~$9 ~~Additional~~million ~~principal~~in ~~payments~~2030, ~~may~~$6 bemillion ~~required~~in ~~under~~2031 ~~certain~~and ~~conditions. The proceeds of~~ the ~~term~~remaining ~~loan~~balance ~~were~~on ~~used to pay down~~ the ~~outstanding~~maturity ~~revolver~~date ~~borrowings~~ of ~~the~~February 26, U2031.S. ~~revolving credit facility.~~ The interest rate on the term loan borrowings was 54.1193% and is based on SOFR plus the applicable margin, which was 1.3525% at ~~January~~March 328, 2026. As of March 28, 2026, we were in compliance with all covenants.

The ~~loan~~ agreement for the ~~U.S.~~ revolving ~~credit~~loan ~~facility~~ and term loan contains various covenants. The minimum for the interest coverage ratio, defined as the ratio of EBITDA to interest expense for the most recent four quarters, is 3.0. The maximum for the leverage ratio, defined as the ratio of net debt to EBITDA for the most recent four quarters, is 4.0. EBITDA is defined in the loan agreement as (i) the sum of net income, interest expense, income taxes, depreciation expense, amortization expense, other non-cash items reducing consolidated net income, ~~and~~ non-cash equity-based compensation expenses, unusual or extraordinary non-recurring cash expenses and other synergies related to transactions minus (ii) other non-cash items increasing consolidated net income.

The SECT has a revolving ~~credit~~loan ~~facility~~ with a borrowing capacity of $25 million, maturing on April 24, 2027. Interest was 5.9691% as of ~~January~~March 328, 2026 and is based on SOFR plus a margin of 2.23%.

WeOn ~~have~~March 24, 2026, we completed the sale of $500 million aggregate principal amount of 45.2550% senior notes due ~~December~~October 15, ~~2027~~2034. ~~with~~Interest ~~interest~~on ~~paid~~the senior notes is payable semiannually on ~~June~~April 15 and ~~December~~October 15 of each year, beginning on October 15, 2026. The senior notes are senior unsecured obligations, and are guaranteed on a senior unsecured basis by certain subsidiaries ~~and~~that ~~contain~~are ~~normal~~guarantors ~~incurrence-based~~under the indenture. The indenture governing the senior notes contains certain restrictive covenants that, subject to important exceptions and limitations, ~~such~~limit asour ability and the ability of certain of our subsidiaries to incur ~~additional~~certain ~~indebtedness~~liens, ~~pay~~enter ~~dividends,~~into ~~make~~certain ~~other~~sale ~~restricted~~and ~~payments~~leaseback transactions and ~~investments~~consolidate, ~~create~~merge ~~liens~~or ~~and~~sell ~~certain~~substantially ~~corporate~~all ~~acts~~of ~~such~~our asassets. ~~mergers~~As ~~and~~of ~~consolidations~~March 28, 2026, we were in compliance with all covenants under the indenture.

AtOn ~~January 3~~March 4, 2026, we ~~had~~issued ~~$815~~a ~~million~~notice of ~~unused~~redemption ~~capacity~~to holders of our 4.25% senior notes due on December 15, ~~including~~2027, ~~$793~~to ~~million~~redeem ~~from~~and retire all of the Uoutstanding notes.S. ~~revolving~~The ~~credit~~notes ~~facility~~were ~~after~~redeemed ~~considering~~on ~~standby~~April 3, ~~letters~~2026 at a redemption price equal to 100.00% of ~~credit~~the principal amount thereof, plus accrued and ~~other~~unpaid ~~limitations~~interest to, but not including, the redemption date, pursuant to an early redemption right. We redeemed the $500 million aggregate principal amount of the notes using net proceeds available from the issuance of the 5.50% senior notes, together with cash on hand.

~~Our~~At ~~Receivables Purchase Agreement~~March 28, ~~which matures on December 11,~~ 2026, ~~allows~~we ~~the~~had ~~Receivables Subsidiary to sell receivables to the Purchasers in amounts up to a~~ $~~125 million limit so long as certain conditions are satisfied~~1.1 ~~The~~billion ~~receivables are sold to the Purchasers in consideration for the Purchasers making payments~~ of ~~cash.~~unused ~~Each Purchaser’s share of capital accrues yield at a variable rate plus an applicable margin~~capacity, ~~which~~including ~~totaled 4~~$1.~~73%~~1 asbillion offrom ~~January 3,~~the ~~2026.~~revolving ~~See~~loan ~~Note~~after 21considering -standby ~~Subsequent~~letters ~~Events,~~ of ~~Part~~credit I,and ~~Item~~other ~~1, Financial Information of this report for additional details on the extension of this agreement~~limitations.

Our Receivables Purchase Agreement, which matures on February 20, 2028, allows the Receivables Subsidiary to sell receivables to the Purchasers in amounts up to a $125 million limit so long as certain conditions are satisfied. The receivables are sold to the Purchasers in consideration for the Purchasers making payments of cash. Each Purchaser’s share of capital accrues yield at a variable rate plus an applicable margin, which totaled 4.67% as of March 28, 2026.

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We are in compliance with all covenants under each of our financing arrangements. See Note 4 - Receivables and Note 9 – Indebtedness.

Dividends and Common Stock

We believe we can create long term value for our shareholders by continuing to invest in our business through both capital expenditures as well as investments in new market opportunities. We will also continue exploring opportunities to make strategic acquisitions and return capital to shareholders.

We are currently paying quarterly cash dividends on our Class A and Class B common stock and expect to continue to do so for the foreseeable future. See the Consolidated Statement of Shareholders' Equity and Cash Flows, of Part I, Item 1, Financial Information, of this report for additional details.

The Board of Directors authorized a share repurchase program that permits repurchases for both Class A and Class B common stock, and allows us to buy up to an aggregate 3 million common shares. There are approximately 1.7 million common shares remaining under this authorization. See the Consolidated Statement of Shareholders' Equity and Cash Flows, of Part I, Item 1, Financial Information and Part II, Item 2, Unregistered Sales of Equity Securities and Use of Proceeds, of this report for additional details.

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Off Balance Sheet Arrangements

We do not have any material off balance sheet arrangements that have or are reasonably likely to have a material future effect on our financial condition, results of operations or cash flows.

Contractual Obligations and Commercial Commitments

Our contractual obligations and commercial commitments have not changed materially from the disclosures in our Annual Report on Form 10-K for the year ended September 27, 2025. See Note 7 - Leases, Note 9 - Indebtedness, Note 13 - Employee Benefit Plans and Note 20 - Commitments and Contingencies, of Part I, Item 1, Financial Information, of this report for additional details.

ECONOMIC CONDITIONS AND MARKET TRENDS

We operate primarily within the aerospace and defense market and also in the industrial ~~market~~and medical markets. A common factor throughout our markets is the continuing demand for technologically advanced products.

Our aerospace and defense businesses currently represent 76% of our 2026 sales. Our defense market, which currently represents 52% of our 2026 sales, is directly affected by defense funding levels and product demand, which have recently increased. Our commercial aircraft market, which currently represents 24% of our 2026 sales, aligns with our customers' plans. Within our various industrial markets, which collectively represented 24% of our 2026 sales, our customers are affected by a broad range of factors.

Aerospace and Defense

Within aerospace and defense, we serve three end markets: defense, commercial aircraft and space.

The defense market is dependent on military spending for development and production programs. We have a growing development program order book for future generation aircraft and turret programs, and we strive to embed our technologies within these high-performance military programs of the future, including the Textron Bell MV-75. Aircraft production programs are typically long-term in nature, offering predictable capacity needs and future revenues. We maintain positions on numerous high priority programs, including the Lockheed Martin F-35 Lightning II. The large installed base of our products leads to attractive aftermarket sales and service opportunities. The tactical and strategic missile, missile defense and defense vehicle controls markets are dependent on many of the same market conditions as military aircraft, including overall military spending and program funding levels. At times when there are perceived threats to national security, U.S. and European defense spending can increase; at other times, defense spending can decrease. Future levels of defense spending have increased in the near-term given the current global tensions, and are subject to governmental approvals.

The commercial OEM aircraft market depends on a number of factors, including both the increasing global demand for air travel and increasing fuel prices. Both factors contributed to the demand for new, more fuel-efficient aircraft with lower operating costs that led to large production backlogs for Boeing and Airbus. Boeing and Airbus are producing widebody aircraft at rates to support their projected demand while working through their current supply-chain constraints. Any adjustments to their production rates affect the timing of the demand for our flight control systems.

~~for~~The ~~air~~commercial ~~travel~~aftermarket ~~and~~is ~~increasing~~driven ~~fuel~~by ~~prices.~~usage ~~Both~~and ~~factors~~the ~~contributed~~age toof the ~~demand~~existing ~~for new, more fuel-efficient~~ aircraft ~~with~~fleet ~~lower~~for ~~operating~~passenger ~~costs~~and ~~that~~cargo ~~led~~aircraft, towhich ~~large~~drives ~~production~~the ~~backlogs~~need for ~~Boeing~~maintenance and ~~Airbus~~repairs. ~~Boeing~~We ~~and~~have ~~Airbus~~seen ~~are~~higher ~~producing widebody aircraft at rates to support their projected~~ demand ~~while~~levels ~~working~~for ~~through~~our ~~their~~maintenance ~~current~~services ~~supply-chain~~and ~~constraints.~~spare ~~Any~~parts ~~adjustments~~due to ~~their production rates affect~~ the ~~timing~~increased number of ~~the~~flight ~~demand~~hours ~~for~~across ~~our~~existing ~~flight control systems~~fleets.

The space market is comprised of three customer markets: civil, U.S. defense and commercial ~~aftermarket~~space. The civil market, namely NASA, is driven by ~~usage~~investment for exploration activities. The U.S. defense market is driven by government-authorized levels of defense spending, including funding for defense-related satellite and ~~the~~space ~~age~~vehicle technologies. Levels of U.S. defense spending could increase as there is growing emphasis on space as the ~~existing~~next ~~aircraft~~frontier ~~fleet~~of potential future conflicts. The commercial space market is driven by demand for ~~passenger~~small satellites, which increases the demand for increased launch vehicle capacity. Our launch vehicle and ~~cargo~~satellite components and systems will continue to benefit from increased investments in each of these markets.

aircraft, which drives the need for maintenance and repairs. We have seen higher demand levels for our maintenance services and spare parts due to the increased number of flight hours across existing fleets.38

The space market is comprised of three customer markets: civil, U.S. defense and commercial space. The civil

market, namely NASA, is driven by investment for exploration activities. The U.S. defense market is driven by

government-authorized levels of defense spending, including funding for defense-related satellite and space vehicle

technologies. Levels of U.S. defense spending could increase as there is growing emphasis on space as the next

frontier of potential future conflicts. The commercial space market is driven by demand for small satellites, which

increases the demand for increased launch vehicle capacity. Our launch vehicle and satellite components and

systems will continue to benefit from increased investments in each of these markets.

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Industrial

~~Within~~The industrial, wemarket ~~serve~~consists ~~two~~of ~~end~~industrial ~~markets:~~automation ~~industrial~~products, simulation and ~~medical.~~test ~~The~~products ~~industrial~~and ~~market~~energy ~~consists~~generation ofand ~~industrial~~exploration products.

The industrial market we serve with our industrial automation products is influenced by several factors including capital investment levels, ~~simulation~~the ~~and~~pace ~~test~~of ~~products~~product and ~~energy~~technology ~~generation~~innovation, economic conditions and ~~exploration~~cost-reduction ~~products~~efforts. ~~The~~A ~~medical~~portion of our industrial automation customers serve the automotive market as well as the data center cooling market.

market consists of medical devices and medical component products.

The industrial market we serve with our industrial automation products is influenced by several factors including

capital investment levels, the pace of product and technology innovation, economic conditions and cost-reduction

efforts. A portion of our industrial automation customers serve the automotive market as well as the data center

cooling market.

Our simulation and test market mainly includes flight simulation products which are largely affected by the same factors as our commercial aircraft market. Demand for our flight simulation systems will match the airline training market and the change in domestic and foreign flight hours.

Our energy generation and exploration products operate in a market that is influenced by changing oil and natural gas prices, global urbanization and the resulting change in supply and demand for global energy. Drivers for global energy growth include investments in power generation infrastructure and exploration of new oil and gas resources.

The medical market we serve, in general, is influenced by economic conditions, regulatory environments, hospital and outpatient clinic spending on equipment, population demographics, medical advances, patient demands and the need for precision control components and systems. Advances in medical technology and treatments have resulted in the greater need for medical services, which drive the demand for our medical devices and medical component offerings.Medical

The medical market consists of medical devices and medical component products. The medical market we serve, in general, is influenced by economic conditions, regulatory environments, hospital and outpatient clinic spending on equipment, population demographics, medical advances, patient demands and the need for precision control components and systems. Advances in medical technology and treatments have resulted in the greater need for medical services, which drive the demand for our medical devices and medical component offerings.

Foreign Currencies

We are affected by the movement of foreign currencies compared to the U.S. dollar. About one-sixth of our 2025 sales were denominated in foreign currencies. During the first ~~three~~six months of 2026, average foreign currency rates generally strengthened against the U.S. dollar ~~compared~~ to the comparable 2025 period. The translation of the results of our foreign subsidiaries into U.S. dollars increased sales by $823 million compared to the same period one year ago.

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Cautionary Statement

Information included or incorporated by reference in this report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which can be identified by words such as: “may,” “will,” “should,” “believes,” “expects,” “expected,” “intends,” “plans,” “projects,” “approximate,” “estimates,” “predicts,” “potential,” “outlook,” “forecast,” “anticipates,” “presume,” “assume” and other words and terms of similar meaning (including their negative counterparts or other various or comparable terminology). These forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995, are neither historical facts nor guarantees of future performance and are subject to several factors, risks and uncertainties, the impact or occurrence of which could cause actual results to differ materially from the expected results described in the forward-looking statements.

Although it is not possible to create a comprehensive list of all factors that may cause our actual results to differ from the results expressed or implied by our forward-looking statements or that may affect our future results, some of these factors and other risks and uncertainties are described in Item 1A “Risk Factors” of our Annual Report on Form 10-K and in our other periodic filings with the Securities and Exchange Commission (“SEC”) and include, but are not limited to, risks relating to: (i) our operation in highly competitive markets with competitors who may have greater resources than we possess; (ii) our operation in cyclical markets that are sensitive to domestic and foreign economic conditions and events; (iii) current and future geopolitical conditions and events, including wars, armed conflicts, sanctions, trade restrictions and related disruptions to global markets and supply chains; (iv) our heavy dependence on government contracts that may not be fully funded, delayed or ~~may~~terminated; be(v) ~~terminated~~our ability to remediate the material weakness in internal control over financial reporting and maintain effective disclosure controls and procedures; (ivvi) supply chain constraints and inflationary impacts on prices for raw materials and components used in our products; (vvii) failure of our subcontractors or suppliers to perform their contractual obligations; (viii) risks related to information systems interruptions, intrusions, cybersecurity threats or new software implementations; and (viix) our accounting ~~estimations~~estimates for over-time contracts and any changes we may need to make thereto. You should evaluate all forward-looking statements made in this ~~report~~press release in the context of these risks and uncertainties.

While we believe we have identified and discussed in our SEC filings the material risks affecting our business, there may be additional factors, risks and uncertainties not currently known to us or that we currently consider immaterial that may affect the forward-looking statements we make herein. Given these factors, risks and uncertainties, investors should not place undue reliance on forward-looking statements as predictive of future results. Any forward-looking statement speaks only as of the date on which it is made, and we disclaim any obligation to update any forward-looking statement made in this report, except as required by applicable law.

Item 3. Quantitative and Qualitative Disclosures about Market Risk.

Refer to the Company’s Annual Report on Form 10-K for the year ended September 27, 2025 for a complete discussion of our market risk. There have been no material changes in the current year regarding this market risk information.

Item 4. Controls and Procedures.

(a)Disclosure Controls and Procedures. The Company’s management, with the participation of our Chief Executive Officer (our principal executive officer) and Chief Financial Officer (our principal financial officer), has evaluated the effectiveness of the Company’s disclosure controls and procedures (as defined in Rules 13a-15(e) or 15d-15(e) under the Securities Exchange Act of 1934 (“Exchange Act”) and as required by paragraph (b) of Rules 13a-15 or 15d-15 under the Exchange Act), as of the end of the period covered by this report. Based on this evaluation, our principal executive officer and principal financial officer have concluded that, due to the material weakness described below, the Company’s disclosure controls and procedures are not effective as of ~~January~~March 328, 2026 to provide reasonable assurance that information required to be disclosed in reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms, and that such information is accumulated and communicated to management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosures.

As reported in Part II, Item 9A. "Controls and Procedures" in our Annual Report on Form 10-K for the fiscal year ended September 27, 2025, the Company previously identified a material weakness in the design and operation of its controls over distinct long-term aftermarket service revenue contracts in the Company’s Commercial Aircraft segment. Specifically, management did not have adequate controls to address the completeness and accuracy of key inputs utilized in recognizing revenue and contract reserves for these contracts. This material weakness continues to exist as of January 3, 2026.

In response to the material weakness, the Company’s management, with oversight of the Audit Committee of the Board of Directors, has begun the process of, and is focused on, designing and implementing effective internal control measures to improve its internal control over financial reporting and remediate the material weakness identified above. The Company's internal control remediation efforts include the following:

(i)Design and implement targeted controls that address the completeness and accuracy of the inputs used in recognizing revenue and contract reserves for the group of contracts described in the material weakness identified above.

(ii)Enhance the design of certain policies and controls relating to access rights, data control, and change management in our information technology applications associated with the key reports used for these long-term aftermarket service contracts.

(iii)Develop and implement additional training programs for relevant personnel addressing controls around the completeness and accuracy of key inputs and management review controls around accuracy and reasonableness of financial information used in the long-term aftermarket service revenue process.

(iv)Reevaluate the talent and skill set of individuals involved in key management review control procedures for these contracts.

While we continue making progress with these remediation efforts, the controls must be operating effectively for a sufficient period of time and be tested by management in order to consider them remediated and conclude that the design is effective to address the risks of material misstatement.

(b)Changes in Internal Control over Financial Reporting. There have been no changes during the most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

In response to the material weakness, the Company’s management, with oversight of the Audit Committee of the Board of Directors, has continued to design and implement internal control measures to improve its internal control over financial reporting and remediate the material weakness identified above. The Company's internal control remediation efforts include the following:

i.Design and implement targeted controls that address the completeness and accuracy of the inputs used in recognizing revenue and contract reserves for the group of contracts described in the material weakness identified above.

ii.Enhance the design of certain policies and controls relating to access rights, data control, and change management in our information technology applications associated with the key reports used for these long-term aftermarket service contracts.

iii.Develop and implement additional training programs for relevant personnel addressing controls around the completeness and accuracy of key inputs and management review controls around accuracy and reasonableness of financial information used in the long-term aftermarket service revenue process.

iv.Evaluate the talent and skill set of individuals involved in key management review control procedures for these contracts.

During the period, management implemented certain interim validation procedures, continued enhancements to reports and related information technology controls, provided targeted training to relevant personnel and strengthened internal controls oversight.

While management continues to make progress with these remediation efforts, the material weakness will not be considered remediated until the related controls have been fully implemented, have operated for a sufficient period of time, and management has concluded, through testing, that such controls are designed and operating effectively to address the risk of material misstatement.

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PART II OTHER INFORMATION

Item 1A. Risk Factors.

Refer to the Company’s Annual Report on Form 10-K for the year ended September 27, 2025 for a complete discussion of our risk factors. There have been no material changes in the current year regarding our risk factors.

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Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

(c)The following table summarizes our purchases of our common stock for the quarter ended ~~January~~March 328, 2026.

Period	(a) TotalNumber ofSharesPurchased (1) (2)(3)	(b) AveragePrice PaidPer Share (4)		(c) Total numberof SharesPurchased asPart of PubliclyAnnounced Plansor Programs (3)	(d) Maximum Number(or Approx.Dollar Value) ofShares that MayYet Be PurchasedUnder Plans orPrograms (3)
September 28, 2025 - November 1, 2025	40,784	$	208.11	—	1,660,107
January 4, 2026 - January 31, 2026	44,373	$	274.93	—	1,660,107
November 2, 2025 - November 29, 2025	57,162	217.22		—	1,660,107
February 1, 2026 - February 28, 2026	42,513	330.65		—	1,660,107
November 30, 2025 - January 3, 2026	98,337	250.11		—	1,660,107
March 1, 2026 - March 28, 2026	37,756	329.07		—	1,660,107
Total	~~196~~124,~~283~~642	$	~~231~~310.8133	—	1,660,107

During the quarter ended ~~January~~March 328, 2026, no director or officer of the Company adopted or terminated a "Rule 10b 5-1 trading arrangement" or "Non-Rule 10b 5-1 trading arrangement," as each term is defined in ~~item~~Item 408 of Regulation S-K.

(1)Reflects purchases by the SECT of shares of Class B common stock from the ESPP, the RSP and from equity-based compensation award recipients under right of first refusal terms at average prices as follows: 1333,~~702~~370 shares at $~~207~~273.6502 in ~~October~~January, 738,~~234~~367 shares at $~~214~~329.6265 in ~~November~~February and 1017,~~403~~405 shares at $~~241~~333.8807 in ~~December~~March.

(2)In connection with the exercise of equity-based compensation awards, we accept delivery of shares to pay for the exercise price and withhold shares for tax withholding obligations at average prices as follows: In ~~October~~January, we accepted delivery of 51,~~122~~652 Class ~~A shares at $209.59 and 9,123 Class~~ B shares at $~~207~~267.0557. In ~~November~~February, we accepted delivery of ~~167 Class A shares at $203.62 and 34~~1,~~820~~539 Class B shares at $~~218~~332.7828. In ~~December~~March, we accepted delivery of 210,~~975~~554 Class B shares at $~~248~~343.2025. In connection with the issuance of equity-based awards and shares to the ESPP, we purchased 129,~~837~~351 Class B shares at $~~208~~283.7703 per share from the SECT in ~~October~~January, 142,~~941~~607 Class B shares at ~~214~~344.9841 in ~~November~~February and 849,~~959~~797 Class B shares at $~~251~~306.1969 in ~~December~~March.

(3)The Board of Directors has authorized a share repurchase program that permits the purchase of up to 3 million common shares of Class A or Class B common stock in open market or privately negotiated transactions at the discretion of management. No shares were purchased under the program for the quarter ended ~~January~~March 328, 2026.

(4)Excludes 1% excise tax accrued pursuant to the Inflation Reduction Act of 2022.

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Item 6. Exhibits.

(a)

Exhibits

10.1

Fifth Amendment to the Credit Agreement by and between Moog Inc. Stock Employee Compensation Trust and Citizens Bank, N.A. dated December 1, 2025.

10.2

Fifth Amendment to the Amended and Restated Receivables Purchase Agreement, dated January 27, 2026, by and among Moog Receivables LLC, as Seller, Moog Inc as Master Servicer and Truist Bank as Administrative Agent.

10.3

Form of Stock Bonus Award Agreement under the 2025 Long Term Incentive Plan (for awards granted on or after January 15, 2026).

31.1

Certification of Chief Executive Officer pursuant to Exchange Act Rule 13a-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2

Certification of Chief Financial Officer pursuant to Exchange Act Rule 13a-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1

Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

101

Interactive ~~Date~~Data files (submitted electronically herewith)

(101.INS)

XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.

(101.SCH)

XBRL Taxonomy Extension Schema Document

(101.CAL)

XBRL Taxonomy Extension Calculation Linkbase Document

(101.DEF)

XBRL Taxonomy Extension Definition Linkbase Document

(101.LAB)

XBRL Taxonomy Extension Label Linkbase Document

(101.PRE)

XBRL Taxonomy Extension Presentation Linkbase Document

104

Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document and are contained within Exhibit 101.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Moog Inc.

(Registrant)

Date:

~~January~~April 3024, 2026

/s/ Pat Roche

Pat Roche

Chief Executive Officer(Principal Executive Officer)

Date:

~~January~~April 3024, 2026

/s/ Jennifer Walter

Jennifer Walter

Chief Financial Officer(Principal Financial Officer)

Date:

~~January~~April 3024, 2026

/s/ Nicholas Hart

Nicholas Hart

Controller(Principal Accounting Officer)

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