John Tysver Appointed Corporate Vice President of Technology for Woodward, Inc.

FORT COLLINS, Colo., Oct. 26, 2016 -- Woodward, Inc. (NASDAQ:WWD) today announced the appointment of John Tysver as Corporate Vice President of Technology. In this new role, Mr. Tysver will focus on strengthening and leveraging technology, product platforms and research and development roadmaps across Woodward. He will work with Woodward’s Engineering Councils to drive company-wide best practices and improve the speed and effectiveness of the Company’s product life cycle process, keeping Woodward on the forefront of innovation.

“John is uniquely qualified for this role, with a proven leadership track record and deployment of innovative technology over his 25 years with Woodward,” said Tom Gendron, Chairman and CEO of Woodward. “He was a key architect for the Aircraft Turbine System (ATS) product platforms wins that will drive Woodward’s growth and success for many years. He was also one of the key leaders in the development and deployment of Woodward’s product life cycle process.”

Mr. Tysver most recently held the position of Vice President, Programs, Systems and R&D for Woodward’s ATS group, where he led the technology and platform development and system engineering for future product programs within aircraft turbine engine fuel systems. Prior to that, he held the role of Vice President and General Manager of ATS’ Fuel Systems Center of Excellence, where he led five product lines that resulted in expansion into Woodward’s new Rock Cut Campus in Rockford, IL. He holds a bachelor’s degree in Mechanical Engineering from the University of North Dakota.

About Woodward, Inc.
Woodward is an independent designer, manufacturer, and service provider of control system solutions and components for the aerospace and industrial markets. The company's innovative fluid, combustion, electrical, 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 a global company headquartered in Fort Collins, Colorado, USA. Visit our website at www.woodward.com, and connect with us at www.facebook.com/woodwardinc.

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, 2015 and any subsequently filed Quarterly Report on Form 10-Q.

CONTACT:
Tracy Gohari             
Director, Business Communications
970-498-3126