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Woodward Selected by Aircelle for A330neo Thrust Reverser Actuation System

FORT COLLINS, Colo., Aug. 18, 2015 (GLOBE NEWSWIRE) -- Woodward, Inc. (NASDAQ:WWD) today announced that it signed an agreement with Aircelle (Safran) to supply hardware for the TRAS (Thrust Reverser Actuation System) for the Airbus A330neo jetliner.

Woodward will design, develop, and manufacture a suite of locking and feedback actuators, flex shafts, and drive units for the TRAS system. The hardware design and reliability will benefit from Woodward's heritage of twin aisle airliner TRAS systems and components.

"Woodward's strong operational performance was a major contributor to the award of these critical components on this major program," says Arnaud de Bussac, Aircelle VP, Purchasing.

"We're excited to further our strong relationship with Aircelle through the supply of these critical nacelle actuation products," says Marty Glass, President, Airframe Systems, Woodward. "We are very pleased to expand our twin aisle presence on the successful Airbus A330 platform."

About Woodward, Inc.

Woodward is an independent designer, manufacturer, and service provider of control system solutions and components for the aerospace and energy 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 Aircelle

Aircelle is the second largest nacelle systems provider worldwide, and the leader globally for nacelles on top-of-the-line business jets. A subsidiary of Safran, it employs 3800 people at eight sites in France, the United Kingdom, the United States and Morocco. Aircelle provides nacelle systems for all the market segments, from regional and business aircraft to the largest airliners. Aircelle also is developing the worldwide customer support and service activity for nacelles and their components.

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. Forward-looking statements include, but are not limited to, Woodward's expansion of its twin aisle presence on the successful Airbus A330 platform. 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, 2014.

CONTACT: Don Guzzardo Director, Investor Relations & Treasury 970-498-3580 Don.Guzzardo@Woodward.com

Source:Woodward, Inc.