SOURCE: Woodward Governor Company

Woodward Governor Company

June 15, 2009 11:45 ET

Woodward Awarded PurePower™ Engine Components by Hamilton Sundstrand

FORT COLLINS, CO--(Marketwire - June 15, 2009) - Woodward Governor Company (NASDAQ: WGOV) announced today that Hamilton Sundstrand selected the company as its exclusive provider of specific engine components for the Pratt & Whitney PurePower™ engine program.

Woodward will provide Hamilton Sundstrand high- and low-pressure stator vane actuators and oil valve packages. The PurePower engine family includes the new PW1000 engine for the MRJ (Mitsubishi Regional Jet) and the Bombardier CSeries single-aisle aircraft families, both launched last year, as well as an Advanced Turbofan engine.

"Woodward will be a significant contributor to the PurePower engine family with our advanced technologies in actuation controls and accessories," says Marty Glass, Woodward Group Vice President, Turbine Systems. "These engines promise new levels of fuel efficiency and low emissions to an industry in critical need of these solutions."

"We're pleased to have Woodward as our supplier on the systems that Hamilton Sundstrand provides for Pratt & Whitney's PurePower engine family," says Steve Peery, Vice President Hamilton Sundstrand Engine Systems.

Combined with the fuel nozzles for the PurePower, awarded to Woodward by Pratt & Whitney last year, Woodward expects the value of these programs to be more than $500 million in original equipment and aftermarket revenue over 20 years.

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.

PurePower is a trademark of Pratt & Whitney.

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. 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