Woodward Selected by Airbus for A320neo PW Thrust Reverser Actuation System

FORT COLLINS, Colo., Sept. 21, 2017 -- Woodward, Inc. (NASDAQ:WWD) today announced that it signed an agreement with Airbus to supply the Thrust Reverser Actuation System (TRAS) for the new nacelle of the Airbus A320neo aircraft powered by the Pratt and Whitney engine. 

Woodward will design, develop and manufacture a TRAS system including a suite of locking and feedback actuators, flex shafts and tertiary locks. Application of Woodward’s TRAS system platforms for single aisle aircraft will enhance the new nacelle’s design and reliability.

“We’re excited to work directly with Airbus as part of their flagship A320neo program,” said Marty Glass, President, Airframe Systems for Woodward. “We are certain that Airbus and Woodward will make a great team, and that Woodward is the best choice for the life of the TRAS program for the new Airbus nacelle.”

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.

About Airbus
Airbus is a global leader in aeronautics, space and related services. In 2016 it generated revenues of €67 billion and employed a workforce of around 134,000. Airbus offers the most comprehensive range of passenger airliners from 100 to more than 600 seats and business aviation products. Airbus is also a European leader providing tanker, combat, transport and mission aircraft, as well as one of the world’s leading space companies. In helicopters, Airbus provides the most efficient civil and military rotorcraft solutions worldwide.

Notice Regarding Forward-Looking Statements
The statements in this release contain forward-looking statements that involve risks and uncertainties, including statements concerning the company’s design, development, manufacture and supply of TRAS products to Airbus. Actual results could differ materially from projections or any other forward-looking statements 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, 2016 and any subsequently filed Quarterly Report on Form 10-Q.

CONTACT:           
Don Guzzardo
Director, Investor Relations & Treasury 
970-498-3580
[email protected]