SOURCE: Woodward Governor Company

Woodward Governor Company

June 16, 2009 04:00 ET

Woodward Announces Contract Awarded for Bombardier CSeries Aircraft Throttle Quadrant Assembly

FORT COLLINS, CO--(Marketwire - June 16, 2009) - Woodward Governor Company (NASDAQ: WGOV) today announced that Bombardier awarded Woodward MPC the contract to supply the TQA (Throttle Quadrant Assembly) for the CSeries* family of aircraft. The CSeries aircraft family includes the single-aisle, 130-passenger CS300* and 110-passenger CS100* jets. Both are expected to enter into service in 2013.

Woodward MPC, part of the Airframe Systems business segment for Woodward, manufactures the NGA (Next Generation Autothrottle), the TQA for the Global Express and Global Vision Programs. This longstanding heritage offers Bombardier lower program development risks. The NGA for the CSeries aircraft is lighter weight, lower cost, and has a maximum transportability across all twin-engine platforms. The CSeries is the fourth aircraft program to select Woodward MPC's NGA.

"Woodward MPC is excited to be a part of the team dedicated to helping Bombardier offer its customers an aircraft that provides low operating costs, 20 percent fuel burn advantage, outstanding operational flexibility, widebody comfort, and an exceptional environmental scorecard," says Craig Scott, Vice President and General Manager, Cockpit Controls and Actuation Systems.

* CS100, CS300 and CSeries are trademarks of Bombardier Inc. or of its subsidiaries.

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, power generation and distribution, and transportation markets. Our systems and components optimize the performance of commercial aircraft; military aircraft and other equipment; industrial gas, wind and steam 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 cost-effective 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.

The statements in this release concerning the company's future sales, earnings, business performance, prospects, and the economy in general reflect current expectations and are forward-looking statements that involve risks and uncertainties, including the company's expectation that the 130-passenger CS300 and 110-passenger CS100 will enter into service in 2013, and that Woodward MPC's heritage offers Bombardier lower program development risks. 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, 2008, and the Quarterly Report Form 10-Q for the quarters ended December 31, 2008 and March 31, 2009.

Contact Information

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