With reference to the news item ‘US imposes over 300 per cent penalty on companies who bribed HAL, Railways, IOC’ which appeared in media, Hindustan Aeronautics has informed that Moog Motion Controls (MMCPL), a subsidiary of Moog Inc, USA, was awarded a contract for supply of ‘Servo Hydraulic Actuator Loading System and Pneumatic Pressurisation System’ on 27th November, 2021 for Rs 10.94 Crore against competitive bidding by following all the required commercial procedures; The subject matter is being examined internally and additional information are being sought from MMCPL to provide the documents which were shared by its holding company, Moog Inc, USA to Securities and Exchange Commission (SEC), USA, for furtherance on the matter.
The above information is a part of company’s filings submitted to BSE.
