SOURCE: Woodward Governor Company

February 06, 2007 20:05 ET

Woodward Signs Sourcing Agreement With Cummins Inc.

FORT COLLINS, CO -- (MARKET WIRE) -- February 6, 2007 -- Woodward Governor Company (NASDAQ: WGOV) announced today that it signed a three-year sourcing agreement with Cummins Inc. to provide components for diesel and natural gas engines.

"This multi-year sourcing agreement benefits Woodward and Cummins by allowing development of a more efficient supply chain and production coordination," said Chad Preiss, Woodward vice president. Woodward will supply products for controlling air and fuel delivery such as governors, actuators, controllers, fuel shut-off solenoids, and fuel air mixers to Cummins Inc.

"Woodward's core portfolio of energy control products and systems provides Cummins with components that help their engines run more efficiently at high performance with lower emissions and cost," continued Preiss. "The agreement strengthens Woodward's position to build on the current business we have with Cummins."

Cummins Inc. builds heavy-duty engines for on- and off-highway applications; power generating systems and standby generators for commercial and consumer use; engine filtration and aftertreatment products; engines for mining, oil and gas, agricultural and marine markets.

About Woodward

Woodward is the world's largest independent designer, manufacturer, and service provider of energy control solutions for aircraft engines, industrial engines and turbines, and power generation and mobile industrial equipment. The company's innovative control, fuel delivery, and combustion systems help customers worldwide operate cleaner, more reliable, and cost effective equipment. Woodward is headquartered in Fort Collins, Colorado, and serves global power generation, transportation, process industries, and aerospace markets from locations worldwide. Visit our website at

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 Form 10-K for the year ended September 30, 2006 and Form 10-Q for the quarter ended December 31, 2006, expected to be issued mid-February.

Contact Information

    Rose Briani-Burden
    Business Communications

    Woodward Governor Company
    1000 East Drake Road
    Fort Collins, Colorado 80525, USA
    Tel: 970-482-5811
    Fax: 970-498-3058