UPDATE 1-Moog cuts FY09 outlook

* Cuts FY09 EPS view to $2.20 from $2.80

* Sees FY09 sales of $1.85 bln

* Says demand for its industrial products have declined

April 8 (Reuters) - Aircraft parts maker Moog Inc (MOGa.N) (MOGb.N) lowered its fiscal 2009 forecast, citing a dramatic slowdown in demand for its industrial products and an anticipated reduction in its commercial airplane deliveries.

The company, whose customers include Boeing (BA.N), Lockheed Martin (LMT.N) and the U.S. Government, now expects full-year earnings of $2.20 a share, on sales of $1.85 billion.

Analysts expect earnings of $2.77 a share, on revenue of $1.93 billion, according to Reuters Estimates.

In January, it had forecast earnings of $2.80 a share, excluding items, on sales of $1.95 billion, for the year.

Moog said the current outlook should be considered in a range of plus or minus 20 cents a share.

Earlier projections had anticipated a decline in commercial aircraft aftermarket revenue, but the new forecast projects further reductions, the company said in a statement.