SOURCE: Woodward, Inc.

Woodward, Inc.

August 09, 2011 16:30 ET

Woodward and General Electric Aviation Sign Agreement for CFMI LEAP-X Program

FORT COLLINS, CO--(Marketwire - Aug 9, 2011) - Woodward, Inc. (NASDAQ: WWD) announced today that it signed an agreement with General Electric Company, through its GE Aviation business unit, to develop and supply the fuel system, air management, and actuation hardware for CFM International's LEAP-X engine program. Under the agreement, Woodward will be responsible for specifications, design, certification, production, and after-sale support.

The LEAP-X is the next-generation engine from CFM International, a joint venture between GE and Snecma (Safran group). It has been selected by:

  • Airbus, for its re-engined A320neo aircraft
  • Comac, exclusively for its C919 aircraft
  • Boeing, (pending final Board of Directors approval to offer) exclusively for the new engine 737

The three single-aisle aircraft applications target entry to service dates in the 2016 to 2017 time frame.

"We have worked with GE for a number of years on specific enabling technologies that will help the LEAP-X engine meet market and customer demands for increased fuel efficiency, lower emissions, and reduced noise," said Tom Gendron, Chairman and Chief Executive Officer, Woodward, Inc.

About Woodward

Woodward is an independent designer, manufacturer, and service provider of energy control and optimization solutions used in global infrastructure equipment. We serve the aerospace and defense, power generation and distribution, and transportation markets. Our systems and components optimize the performance of commercial aircraft; military aircraft, ground vehicles and other equipment; gas and steam turbines; wind turbines; reciprocating engines; and electrical power systems. The company's innovative fluid energy, combustion control, electrical energy, and motion control systems help customers offer cleaner, more reliable, and more efficient equipment. Our customers include leading original equipment manufacturers and end users of their products. Woodward is headquartered in Fort Collins, Colo., USA. Visit our
website at www.woodward.com.

About GE Aviation

GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of jet engines, components and integrated systems for commercial and military aircraft. GE Aviation has a global service network to support these offerings. GE Aviation Systems LLC, GE Aviation Systems Ltd, and Naverus, Inc. are subsidiaries of GE. For more information, visit us at www.ge.com/aviation. Follow GE on Twitter at http://twitter.com/GEAviation and YouTube at http://www.youtube.com/user/GEAviation.

LEAP-X is a trademark of CFM International.

The statements in this release concerning future sales, earnings, business performance, prospects, and the economy in general reflect current expectations and are forward-looking statements that involve risks and uncertainties. Such forward-looking statements include but are not limited to the expectation that the three single-aisle aircraft applications target entry to service dates in the 2016 to 2017 time frame, and Woodward's belief that its enabling technologies will help the LEAP-X engine meet market and customer demands for increased fuel efficiency, lower emissions, and reduced noise. Actual results could differ materially from projections or any other forward-looking statement and we have no obligation to update our forward-looking statements. Factors that could affect performance and could cause actual results to differ materially from projections and forward-looking statements are described in Woodward's Annual Report and Form 10-K for the year ended September 30, 2010 and any subsequently filed Quarterly Report on Form 10-Q.

Contact Information

  • CONTACT:
    Rose Briani-Burden
    Business Communications
    815-639-6282