Woodward, Inc.

Woodward, Inc. is an American designer, manufacturer, and service provider of control systems and control system components (e.g. fuel pumps, engine controls, actuators, air valves, fuel nozzles, and electronics) for aircraft engines, industrial engines and turbines, power generation and mobile industrial equipment. The company also provides military devices and other equipment for defense.[1]

Woodward, Inc.
FormerlyThe Woodward Governor Company
Company typePublic
Nasdaq: WWD (WGOV prior to 2011)
S&P 400 Component
ISINUS9807451037
IndustryAerospace, Industrial[2]
FoundedRockford, Illinois, United States (1870 (1870))[3]
FounderAmos Woodward[3]
Headquarters
Fort Collins, Colorado
,
United States
Number of locations
42 plants and offices in 13 countries[3] (2021)
Area served
Worldwide
Key people
Tom Cromwell|(Vice Chairman & COO)
ProductsControl systems and components
Revenue
  • Decrease US$ 2.25 billion
  • (FY SEP 2021)[4]
  • Decrease US$ 280.08 million
  • (FY SEP 2021)[4]
  • Decrease US$ 208.65 million
  • (FY SEP 2021)[4]
Total assets
  • Increase US$ 4.09 billion
  • (FY SEP 2021)[4]
Total equity
  • Increase US$ 2.21 billion
  • (FY SEP 2021)[4]
Number of employees
~7,200 (FY MAY 2021)
Websitewww.woodward.com

40°33′13.45″N 105°3′39.82″W / 40.5537361°N 105.0610611°W / 40.5537361; -105.0610611

Woodward, Inc. was founded as The Woodward Governor Company by Amos Woodward in 1870.[5] Initially, the company made controls for waterwheels (first patent No. 103,813), and then moved to hydro turbines.[6] In the 1920s and 1930s, Woodward began designing controls for diesel and other reciprocating engines and for industrial turbines. Also in the 1930s, Woodward developed a governor for variable-pitch aircraft propellers.[7] Woodward parts were notably used in the GE engine on United States military's first turbine-powered aircraft. Starting in the 1950s, Woodward began designing electronic controls, first analog and then digital units.

  1. ^ "Smart Defense".
  2. ^ "Explore Our Markets". Retrieved 2015-01-07.
  3. ^ a b c "About Woodward". Woodward. September 2014. Retrieved 2015-01-07.
  4. ^ a b c d e "US SEC: Form 10-K Woodward, Inc". U.S. Securities and Exchange Commission. Retrieved June 28, 2022.
  5. ^ "Woodward's History". Woodward, Inc. Retrieved 5 March 2019.
  6. ^ "Hydro Governors and Controls: A Perspective | Energy Central". energycentral.com. 10 June 2015. Retrieved 2020-06-30.
  7. ^ Kinney, Jeremy R. (2017-03-24). Reinventing the Propeller. Cambridge University Press. ISBN 978-1-107-14286-2.