Pros
This is a company that is performing well in the market. They are growing and cost cutting to get lean and mean. They will continue to be a large player in the Aerospace, Industrial and Space and Defense motion controls markets.
Cons
In their growth they have lost focus on the employees. If you are starting out as lets say an engineer at the company, you will soon find that you have to do some job hoping because the company will not provide raises that keep up with the cost of living much less provide you with financial security. This was the company in Western New York from the 1970 when people really heard about it to 2005 when they started downhill, where people begged to get a shot at getting into. Somewhere in the conquest for greatness they forgot the importance of their employees. It happens to a lot of "small companies that become large companies. Lets hope Moog somehow finds their way back.