# Woodward, Inc.

Summary updated: 2026-10-02T11:45:03.169396Z
Canonical: https://finbar.com/research/companies/woodward-inc

## Overview

Woodward, Inc. designs, manufactures, and services energy-control and optimization solutions for the aerospace and industrial markets. Its Aerospace segment supplies systems and components such as fuel controls, actuators, valves, pumps, and sensors for aircraft and defense applications; its Industrial segment serves turbines, engines, compressors, and other power and industrial equipment. [1](https://app.finbar.com/go?id=P4789459)[2](https://app.finbar.com/go?id=P38001240)[3](https://app.finbar.com/go?id=P57478092)

Founded in 1870, the company states its purpose is “to design and deliver energy control solutions our partners count on to power a clean future.” [4](https://www.woodward.com/about/) Woodward serves customers worldwide; its FY2025 Form 10-K reported approximately 10,200 full-time employees as of October 31, 2025. [5](https://app.finbar.com/go?id=P97181055)[6](https://app.finbar.com/go?id=P5820975) For the fiscal year ended September 30, 2025, net sales were approximately $3.57 billion. [7](https://app.finbar.com/go?id=T8926713)
[1](https://app.finbar.com/go?id=P4789459)[2](https://app.finbar.com/go?id=P38001240)[3](https://app.finbar.com/go?id=P57478092)[4](https://www.woodward.com/about/)[5](https://app.finbar.com/go?id=P97181055)[6](https://app.finbar.com/go?id=P5820975)[7](https://app.finbar.com/go?id=T8926713)[4](https://www.woodward.com/about/)

## Products & services

Woodward’s aerospace products include fuel pumps and metering units, actuators, air and specialty valves, fuel nozzles, thrust-reverser actuation systems, flight-deck controls, servocontrols, motors, and sensors. These products manage fuel, air, combustion, and motion in turbine engines, nacelles, commercial and private aircraft, rotorcraft, military aircraft, guided weapons, and defense systems. [2](https://app.finbar.com/go?id=P38001240) Its named engine-program content includes fuel, air-management, and actuation hardware for the CFM LEAP, and actuation, combustion, and oil-system components for the Pratt & Whitney GTF/PurePower. [8](https://app.finbar.com/go?id=P3843472) For the Airbus A350, Woodward supplies an electro-hydraulic spoiler-actuation system for 12 of 14 spoilers and, following a separate acquisition, the trimmable horizontal stabilizer actuator. [9](https://app.finbar.com/go?id=P78209901)

Industrial offerings include actuators, valves, pumps, fuel-injection systems, solenoids, ignition systems, controls, electronics and software, and sensors for turbines, compressors, and reciprocating engines. The systems control fuel, air, fluids, gases, motion, combustion, and electricity; engine applications support natural gas, diesel, heavy fuel oil, and alternative fuels, including single- and dual-fuel configurations. [3](https://app.finbar.com/go?id=P57478092) Named products include MicroNet Plus and Flex500 gas-turbine controls, configurable in simplex, dual-redundant, or triple-modular-redundant arrangements; L-Series, F-Series, and ProAct actuators; TecJet fuel-metering valves; and large-engine control modules for functions including speed, load, air/fuel ratio, ignition and injector control, monitoring, and protection. [10](https://www.woodward.com/products/industrial/gas-turbine-control-solutions/)[11](https://www.woodward.com/products/industrial/engine-solutions/)[12](https://www.woodward.com/products/industrial/engine-valves-and-actuators/)[13](https://www.woodward.com/products/industrial/large-engine-control-modules/)

Woodward also provides repair, maintenance, replacement, and other support for its installed products; the A350 spoiler-system agreement includes maintenance and repair services. [1](https://app.finbar.com/go?id=P4789459)[9](https://app.finbar.com/go?id=P78209901) In fiscal 2025, Aerospace accounted for approximately 64.8% and Industrial 35.2% of consolidated revenue, calculated from reported segment revenue. [7](https://app.finbar.com/go?id=T8926713)
[2](https://app.finbar.com/go?id=P38001240)[8](https://app.finbar.com/go?id=P3843472)[9](https://app.finbar.com/go?id=P78209901)[3](https://app.finbar.com/go?id=P57478092)[10](https://www.woodward.com/products/industrial/gas-turbine-control-solutions/)[11](https://www.woodward.com/products/industrial/engine-solutions/)[12](https://www.woodward.com/products/industrial/engine-valves-and-actuators/)[13](https://www.woodward.com/products/industrial/large-engine-control-modules/)[1](https://app.finbar.com/go?id=P4789459)[7](https://app.finbar.com/go?id=T8926713)[7](https://app.finbar.com/go?id=T8926713)[7](https://app.finbar.com/go?id=T8926713)[10](https://www.woodward.com/products/industrial/gas-turbine-control-solutions/)[11](https://www.woodward.com/products/industrial/engine-solutions/)[12](https://www.woodward.com/products/industrial/engine-valves-and-actuators/)[13](https://www.woodward.com/products/industrial/large-engine-control-modules/)

## Geographic presence

Woodward’s FY2025 reported sales by customer location were: United States, $1,914.3 million (53.7%); Germany, $275.4 million (7.7%); Europe excluding Germany, $565.6 million (15.9%); China, $285.9 million (8.0%); Asia excluding China, $249.2 million (7.0%); and other countries, $276.7 million (7.8%). The company defines these regions by customer location, so the figures indicate sales destinations rather than operating locations. [14](https://app.finbar.com/go?id=P68666990)[15](https://app.finbar.com/go?id=T4425674)

The FY2025 principal-facilities listing identifies locations in the United States, Germany, Poland, China, the United Kingdom, and Bulgaria. U.S. locations include Fort Collins, Greer, Niles, Rockford, Santa Clarita, Windsor, and Zeeland; international locations include Aken, Glatten, Stuttgart, and Wolfratshausen in Germany; Krakow in Poland; Suzhou and Tianjin in China; Prestwick in the U.K.; and Sofia in Bulgaria. The listed facilities include manufacturing, engineering, and corporate headquarters functions. [16](https://app.finbar.com/go?id=T7414812) As of October 31, 2025, Woodward had approximately 10,200 full-time employees; about 30% were outside the United States, mostly in Germany, Poland, and China. [17](https://www.sec.gov/Archives/edgar/data/108312/000119312525296204/wwd-20250930.htm)
[14](https://app.finbar.com/go?id=P68666990)[15](https://app.finbar.com/go?id=T4425674)[15](https://app.finbar.com/go?id=T4425674)[15](https://app.finbar.com/go?id=T4425674)[15](https://app.finbar.com/go?id=T4425674)[15](https://app.finbar.com/go?id=T4425674)[15](https://app.finbar.com/go?id=T4425674)[16](https://app.finbar.com/go?id=T7414812)[17](https://www.sec.gov/Archives/edgar/data/108312/000119312525296204/wwd-20250930.htm)[17](https://www.sec.gov/Archives/edgar/data/108312/000119312525296204/wwd-20250930.htm)

## Business segments

For FY2025, Woodward, Inc. reported two operating and reportable segments: Aerospace and Industrial. [18](https://app.finbar.com/go?id=P29129889)

Aerospace generated $2,312.806 million, approximately 64.8% of FY2025 net sales. It designs, manufactures, and services fuel, air, combustion, and motion-control systems and products for commercial, private, and military aircraft and rotorcraft, guided weapons, and other defense systems. [19](https://app.finbar.com/go?id=P86338928)[7](https://app.finbar.com/go?id=T8926713)

Industrial generated $1,254.258 million, approximately 35.2% of FY2025 net sales. It designs, produces, and services energy-management systems and products for turbines, compressors, and reciprocating engines, serving markets including power generation, energy, mining, transportation, and industrial equipment. [3](https://app.finbar.com/go?id=P57478092)[7](https://app.finbar.com/go?id=T8926713)

Consolidated FY2025 net sales were $3,567.064 million; segment shares are calculated from reported segment sales. The company also discusses products and end markets within its segments, but does not identify these as additional reportable segments. [7](https://app.finbar.com/go?id=T8926713)[18](https://app.finbar.com/go?id=P29129889)
[18](https://app.finbar.com/go?id=P29129889)[19](https://app.finbar.com/go?id=P86338928)[3](https://app.finbar.com/go?id=P57478092)[7](https://app.finbar.com/go?id=T8926713)[7](https://app.finbar.com/go?id=T8926713)[7](https://app.finbar.com/go?id=T8926713)

## Company history

Woodward traces its origins to 1870, when Amos W. Woodward founded the Woodward Governor Company in Rockford, Illinois, after inventing an improved water-wheel governor. By 1934, its product line included aircraft propeller governors, marking its expansion into aviation controls. [4](https://www.woodward.com/about/)[20](https://airandspace.si.edu/collection-objects/woodward-propeller-governor-model-pw-34/nasm_A19740600000)

The company broadened its fuel-systems business in 1998 by acquiring Textron’s Fuel Systems subsidiary. It continued expanding in aerospace through the acquisitions of MPC Products in 2008 and HR Textron in 2009, then changed its legal name from Woodward Governor Company to Woodward, Inc. in 2011. That year, it also acquired Integral Drive Systems and related European businesses. [21](https://www.sec.gov/Archives/edgar/data/108312/000010831298000006/0000108312-98-000006.txt)[22](https://www.sec.gov/Archives/edgar/data/108312/000129993308003996/exhibit2.htm)[23](https://www.jonesday.com/en/practices/experience/2009/08/woodward-acquires-hr-textron-inc-from-textron-inc-for-365-million)[24](https://www.sec.gov/Archives/edgar/data/108312/000129993311000298/htm_40542.htm)[25](https://www.sec.gov/Archives/edgar/data/108312/000129993311001145/htm_41390.htm)

In 2016, Woodward and GE Aviation launched a 50/50 fuel-systems joint venture. In 2018, Woodward completed its acquisition of L’Orange from Rolls-Royce. In 2022, Charles “Chip” Blankenship became president, CEO, and board chair, succeeding Thomas Gendron, who retired. [26](https://www.geaerospace.com/news/articles/manufacturing-technology/new-year-brings-two-new-joint-ventures-ge-aviation)[27](https://www.rolls-royce.com/media/press-releases/2018/04-06-2018-rr-completes-sale-of-lorange-to-woodward-inc.aspx)[28](https://ir.woodward.com/news/news-details/2022/Woodward-President-and-Chief-Executive-Officer-Thomas-A.-Gendron-Announces-Retirement/default.aspx)
[4](https://www.woodward.com/about/)[20](https://airandspace.si.edu/collection-objects/woodward-propeller-governor-model-pw-34/nasm_A19740600000)[21](https://www.sec.gov/Archives/edgar/data/108312/000010831298000006/0000108312-98-000006.txt)[22](https://www.sec.gov/Archives/edgar/data/108312/000129993308003996/exhibit2.htm)[23](https://www.jonesday.com/en/practices/experience/2009/08/woodward-acquires-hr-textron-inc-from-textron-inc-for-365-million)[24](https://www.sec.gov/Archives/edgar/data/108312/000129993311000298/htm_40542.htm)[25](https://www.sec.gov/Archives/edgar/data/108312/000129993311001145/htm_41390.htm)[26](https://www.geaerospace.com/news/articles/manufacturing-technology/new-year-brings-two-new-joint-ventures-ge-aviation)[27](https://www.rolls-royce.com/media/press-releases/2018/04-06-2018-rr-completes-sale-of-lorange-to-woodward-inc.aspx)[28](https://ir.woodward.com/news/news-details/2022/Woodward-President-and-Chief-Executive-Officer-Thomas-A.-Gendron-Announces-Retirement/default.aspx)

## Sources

1. [Woodward, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P4789459)
2. [Woodward, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P38001240)
3. [Woodward, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P57478092)
4. [www.woodward.com](https://www.woodward.com/about/)
5. [Woodward, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P97181055)
6. [Woodward, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P5820975)
7. [Woodward, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T8926713)
8. [Woodward, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P3843472)
9. [Woodward, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P78209901)
10. [www.woodward.com](https://www.woodward.com/products/industrial/gas-turbine-control-solutions/)
11. [www.woodward.com](https://www.woodward.com/products/industrial/engine-solutions/)
12. [www.woodward.com](https://www.woodward.com/products/industrial/engine-valves-and-actuators/)
13. [www.woodward.com](https://www.woodward.com/products/industrial/large-engine-control-modules/)
14. [Woodward, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P68666990)
15. [Woodward, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T4425674)
16. [Woodward, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T7414812)
17. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/108312/000119312525296204/wwd-20250930.htm)
18. [Woodward, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P29129889)
19. [Woodward, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P86338928)
20. [airandspace.si.edu](https://airandspace.si.edu/collection-objects/woodward-propeller-governor-model-pw-34/nasm_A19740600000)
21. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/108312/000010831298000006/0000108312-98-000006.txt)
22. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/108312/000129993308003996/exhibit2.htm)
23. [www.jonesday.com](https://www.jonesday.com/en/practices/experience/2009/08/woodward-acquires-hr-textron-inc-from-textron-inc-for-365-million)
24. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/108312/000129993311000298/htm_40542.htm)
25. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/108312/000129993311001145/htm_41390.htm)
26. [www.geaerospace.com](https://www.geaerospace.com/news/articles/manufacturing-technology/new-year-brings-two-new-joint-ventures-ge-aviation)
27. [www.rolls-royce.com](https://www.rolls-royce.com/media/press-releases/2018/04-06-2018-rr-completes-sale-of-lorange-to-woodward-inc.aspx)
28. [ir.woodward.com](https://ir.woodward.com/news/news-details/2022/Woodward-President-and-Chief-Executive-Officer-Thomas-A.-Gendron-Announces-Retirement/default.aspx)

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