Woodward Inc - Company Profile
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Business Description
Woodward Inc (Woodward) designs, develops, and manufactures control solutions for the aerospace and industrial markets.
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R&D Overview
Research and Development (R&D) activities of the company include basic research, applied research, component and systems development research, and other concept formulation studies. In the Aerospace segment, the company focuses on developing systems and components that will be instrumental in helping customers achieve their objectives of lower fuel consumption, efficient performance, lighter weight, reduced emissions, and improved operating economics. It majorly focuses on the development of flight deck control products applying conventional and fly-by-wire technology, along with motor-driven actuation systems. Under the Industrial segment, the company focuses on launching new technologies, including integrated control systems and system components, that enable customers to cost-effectively meet fuel efficiency demands and mandated emissions regulations, allow for usage of a range of fuel sources, increase reliability (particularly in harsh environments), and reduce total cost of ownership. Developing integrated control systems and system components. Woodward manages two technology and innovation centers in the US. In FY2023, the company incurred expenses of US$132.1 million on R&D, which as a percentage of revenue, stood at 4.5%.
Business Segments
Overview
Provides systems, components, and solutions for both commercial and defense applications. Major products include fuel nozzles, actuators, fuel pumps, air valves, metering units, specialty valves, and thrust reverser actuation systems for flight deck controls, turbine engines and nacelles, servo controls, actuators, motors, and sensors. Also includes rotorcraft, commercial aircraft, and business jet platforms, such as the Boeing 737 MAX, 787, Bell 429, Airbus A320neo, and Gulfstream G650 and defense applications such as Apache helicopters, Blackhawk, F-35 and F-15 fighter jets, and guided tactical weapons
Performance
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Overview
Designs, produces and services systems and products for the fuel, air, motion, fluids, gases, combustion, and electricity industries. Major products include actuators, fuel injection systems, valves, pumps, speed controls, solenoids, ignition systems, electronics and software, and sensors. Serves industrial gas turbines, compressors, steam turbines, and reciprocating engines.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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