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WWD News
WWD Events
HAECO and Woodward Sign Long-Term Strategic Partnership Agreement
HAECO and Woodward have signed an elite licensed repair service facility, or LRSF, agreement, establishing a long-term strategic partnership to support Woodward components on the CFM International LEAP-1A, LEAP-1B, and LEAP-1C engines. Under the terms of the Elite LRSF agreement, HAECO is authorized to deliver a full suite of MRO services for Woodward's entire product portfolio of fuel control, engine actuation, and air management systems supporting the CFM LEAP engine family.
Company Raises FY26 Revenue Outlook to 20%-23% Growth
Consensus $8.80. Raises FY26 revenue view to up 20%-23% from up 14%-18%. Backs FY26 free cash flow view $300M-$350M. Backs FY26 capital expenditures view $290M. The company said, "Based on our first half performance and continued demand strength, we are raising our full-year outlook. We remain focused on executing in a dynamic environment while continuing to invest in innovation and operational excellence to deliver sustained profitable growth and long-term shareholder value."
Company Reports Q2 Revenue of $1.1B, Exceeding Expectations
Reports Q2 revenue $1.1B, consensus $1.01B. "We delivered outstanding second quarter results reflecting robust demand and strong execution across both segments," said Chip Blankenship, Chairman and Chief Executive Officer. "Aerospace performance was largely driven by continued strength in commercial services activity and OEM demand. Industrial grew across the board in transportation, power generation, and oil and gas."
AAR Corp. Signs Multi-Year Distribution Agreement with Woodward
AAR Corp. (AIR) has signed a multi-year commercial distribution agreement with Woodward (WWD). Under the agreement, AAR will serve as the preferred distributor of Woodward high-demand consumable parts, including fuel filters, gaskets, and seals for the CFM LEAP, GEnx, and CF34 engines, direct to commercial airlines.
Woodward and Lufthansa Technik Sign Repair Service Agreement
Woodward and Lufthansa Technik have entered an elite licensed repair service facility agreement, or LRSF, reinforcing their cooperation for support of Woodward components on the CFM International LEAP-1A and LEAP-1B engines. As part of Woodward's newly established two-tier global support network, Lufthansa Technik is the first network partner authorized to provide the complete range of repair and overhaul services on Woodward fuel controls, valves, and actuators on the CFM LEAP engines. For operators of Airbus A320neo and Boeing 737 MAX aircraft, this agreement will translate into enhanced service resilience and greater planning certainty. Lufthansa Technik, as a CFM Premier MRO provider, already supports a significant number of CFM LEAP engine-powered aircraft. The elite partnership further strengthens Lufthansa Technik's ability to deliver integrated, OEM-aligned repair and overhaul services for Woodward fuel controls, actuators, and valves - the critical system that drives engine performance and reliability - as CFM LEAP fleets continue to grow. As part of the collaboration, Lufthansa Technik will invest in advanced tooling and test equipment to enable full Elite-level capabilities for Woodward components.
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