Woodward Inc was established in 1870 and incorporated in 1902. The Company is a designer, manufacturer, and service provider of energy control and optimization solutions. It designs, produces and services reliable, efficient, low-emission, and high-performance energy control products for diverse applications in challenging environments. It has production and assembly facilities in the United States, Europe, Asia and South America. It also provides aftermarket repair, replacement and other service support for its installed products. Its components and integrated systems optimize performance of commercial aircraft, defense aircraft, ground vehicles and other equipment, gas and steam turbines, wind turbines, including converters and power grid related equipment, industrial diesel, gas, alternative and dual fuel reciprocating engines, and electrical power systems. The Company serves the aerospace, industrial and energy markets through two reportable segments Aerospace and Industrial. The aerospace segment designs, manufactures and services systems and products for the management of fuel, air, combustion and motion control. These products include main fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles, as well as flight deck controls, actuators, servocontrols, motors and sensors for aircraft. These products are used on commercial and private aircrafts and helicopters, as well as in military fixed-wing aircraft and rotorcraft, weapons and defense systems. It has content on a variety of commercial aircraft, rotorcraft and business jet platforms, including the Airbus A320, Boeing 737 and 787, Bell 429 and Gulfstream G650, and also on defense applications such as the Blackhawk and Apache helicopters, F-18 and F-35 fighter jets, and guided tactical weapons. Industrial segment designs, produces and services systems and products for the management of fuel, air, fluids, gases, electricity, motion, and combustion. These products include actuators, valves, pumps, injectors, solenoids, ignition systems, speed controls, electronics and software, power converters, and devices that measure, communicate and protect electrical distribution systems. Its products are used on industrial gas turbines, steam turbines, reciprocating engines, electric power generation and power distribution systems, wind turbines, and compressors. The equipment on which its products are found is used to extract and distribute fossil and renewable fuels; in the mining of other commodities; to generate and distribute power; and to convert fuel to work in marine, mobile, and industrial equipment applications.
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