{"success":true,"data":{"pressRelease":{"id":"148974","rtpr_id":"nGNX5TpGs5-20260921","ticker":"WWD","exchange":"NASDAQ","all_tickers":["WWD"],"title":"Woodward Plans to Transition Its Santa Clarita, California, Aerospace Controls Production to Spartanburg, South Carolina","author":"Globe Newswire","published_at":"2026-09-21T21:15:00.099Z","article_body":"FORT COLLINS, Colo., Sept. 21, 2026 (GLOBE NEWSWIRE) -- Woodward, Inc.\n(NASDAQ: WWD), a world leader in aerospace and industrial control solutions,\ntoday announced its plans to transition production out of its Santa Clarita,\nCalifornia, facility to streamline its portfolio and refine its manufacturing\nfootprint.\n\nProduction of military fixed-wing and rotorcraft flight control actuation will\nmove to Woodward's world-class aerospace manufacturing campus in Spartanburg,\nSouth Carolina, which is currently in advanced stages of construction.\nSeparately, Woodward has agreed to sell a smaller group of legacy commercial\nrotorcraft, land systems, and business jet products made in Santa Clarita,\nalong with the campus itself, in a transaction expected to close in fiscal\nyear 2027. \n\n\"We don't make decisions like this without recognizing what they mean for the\npeople affected. Our team in Santa Clarita has contributed to Woodward for 17\nyears, and we are committed to supporting them through the transition with\nrespect,” said Shawn McLevige, President of Woodward’s Aerospace segment.\n“This decision is in line with our strategy to continue creating value for\nour company and our shareholders through growth, operational excellence, and\ninnovation. Moving this production to Spartanburg will help refine our\nmanufacturing footprint to best support our customers and improve our supply\nchain as we meet increasing demand for industry-leading controls on current\nand next-generation commercial and military aircraft.” \n\nWoodward is expected to cease operations at the Santa Clarita facility no\nlater than December 2027. The decision is expected to affect about 400 roles\nat the facility, with phased transitions through the planned move. The\nSpartanburg facility is expected to go online in the summer of 2027 and as\npreviously announced, will produce Airbus A350 spoiler actuation systems, in\naddition to the transferred product lines and other aerospace components.\n\nAbout Woodward\n\nWoodward is the global leader in the design, manufacture, and service of\nenergy conversion and control solutions for the aerospace and industrial\nequipment markets. Our purpose is to design and deliver energy control\nsolutions our partners count on to power a clean future. Our innovative fluid,\ncombustion, electrical, propulsion, and motion control systems perform in some\nof the world’s harshest environments. Woodward is a global company\nheadquartered in Fort Collins, Colorado, USA. Visit our website at\nwww.woodward.com.\n\nNotice Regarding Forward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nthe Private Securities Litigation Reform Act of 1995, including statements\nregarding Woodward’s plans to cease operations at its Santa Clarita\nfacility; transfer production of certain product lines to its Spartanburg,\nSouth Carolina facility; divest the Santa Clarita campus and certain product\nlines primarily produced there; complete, open, and ramp up the Spartanburg\nfacility; as well as the anticipated timing and sequencing of these actions\nand the anticipated operational, financial, and strategic benefits thereof.\nThese statements are based on current expectations and assumptions and are not\nguarantees of future performance. Actual results may differ materially due to\nrisks and uncertainties, including: (1) delays, disruptions, reduced capacity\nor productivity, quality-control issues, difficulties transferring equipment,\nprocesses, and institutional knowledge, delays in obtaining customer or\nregulatory approvals, supply-chain and logistics challenges, and\nhigher-than-anticipated costs associated with the production transfer; (2)\nconstruction, permitting, equipment installation, qualification, labor,\nmaterial, or other challenges that delay or prevent the Spartanburg facility\nfrom becoming operational or achieving expected production levels; (3) the\npossibility that the divestiture may not be completed on the anticipated terms\nor timeline or at all, including because of unsatisfied closing conditions or\nrequired approvals or consents, as well as business disruptions, adverse\neffects on business relationships, and difficulties with separation,\ntransition services, supply arrangements, or operational handoffs; (4) the\npossibility that these actions may not occur in the anticipated sequence or on\ncompatible timelines or, individually or collectively, may not achieve the\nanticipated benefits, or that such benefits may be delayed, less significant,\nor more costly to achieve than expected; and (5) other risk factors, risks,\nand uncertainties described in Woodward’s filings with the Securities and\nExchange Commission, including its Annual Report on Form 10-K for the fiscal\nyear ended September 30, 2025, and any subsequently filed Quarterly Report on\nForm 10-Q and other SEC filings. Forward-looking statements speak only as of\nthe date of this press release, and Woodward undertakes no obligation to\nupdate them except as required by law.\n\nMEDIA CONTACTS\n\nJennifer Regina \nVice President, Communications\n+1 970-559-8840 \nJennifer.regina@woodward.com \n\nDan Provaznik\nDirector, Investor Relations\n+1 970-498-3849\nDan.Provaznik@Woodward.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/3044afab-2c3e-490d-83db-e461a429c66c)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX5TpGs5-20260921","title":"Woodward Plans to Transition Its Santa Clarita, California, Aerospace Controls Production to Spartanburg, South Carolina","author":"Globe Newswire","ticker":"WWD","created":"2026-09-21T21:15:00.099Z","tickers":["WWD"],"exchange":"NASDAQ","article_body":"FORT COLLINS, Colo., Sept. 21, 2026 (GLOBE NEWSWIRE) -- Woodward, Inc.\n(NASDAQ: WWD), a world leader in aerospace and industrial control solutions,\ntoday announced its plans to transition production out of its Santa Clarita,\nCalifornia, facility to streamline its portfolio and refine its manufacturing\nfootprint.\n\nProduction of military fixed-wing and rotorcraft flight control actuation will\nmove to Woodward's world-class aerospace manufacturing campus in Spartanburg,\nSouth Carolina, which is currently in advanced stages of construction.\nSeparately, Woodward has agreed to sell a smaller group of legacy commercial\nrotorcraft, land systems, and business jet products made in Santa Clarita,\nalong with the campus itself, in a transaction expected to close in fiscal\nyear 2027. \n\n\"We don't make decisions like this without recognizing what they mean for the\npeople affected. Our team in Santa Clarita has contributed to Woodward for 17\nyears, and we are committed to supporting them through the transition with\nrespect,” said Shawn McLevige, President of Woodward’s Aerospace segment.\n“This decision is in line with our strategy to continue creating value for\nour company and our shareholders through growth, operational excellence, and\ninnovation. Moving this production to Spartanburg will help refine our\nmanufacturing footprint to best support our customers and improve our supply\nchain as we meet increasing demand for industry-leading controls on current\nand next-generation commercial and military aircraft.” \n\nWoodward is expected to cease operations at the Santa Clarita facility no\nlater than December 2027. The decision is expected to affect about 400 roles\nat the facility, with phased transitions through the planned move. The\nSpartanburg facility is expected to go online in the summer of 2027 and as\npreviously announced, will produce Airbus A350 spoiler actuation systems, in\naddition to the transferred product lines and other aerospace components.\n\nAbout Woodward\n\nWoodward is the global leader in the design, manufacture, and service of\nenergy conversion and control solutions for the aerospace and industrial\nequipment markets. Our purpose is to design and deliver energy control\nsolutions our partners count on to power a clean future. Our innovative fluid,\ncombustion, electrical, propulsion, and motion control systems perform in some\nof the world’s harshest environments. Woodward is a global company\nheadquartered in Fort Collins, Colorado, USA. Visit our website at\nwww.woodward.com.\n\nNotice Regarding Forward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nthe Private Securities Litigation Reform Act of 1995, including statements\nregarding Woodward’s plans to cease operations at its Santa Clarita\nfacility; transfer production of certain product lines to its Spartanburg,\nSouth Carolina facility; divest the Santa Clarita campus and certain product\nlines primarily produced there; complete, open, and ramp up the Spartanburg\nfacility; as well as the anticipated timing and sequencing of these actions\nand the anticipated operational, financial, and strategic benefits thereof.\nThese statements are based on current expectations and assumptions and are not\nguarantees of future performance. Actual results may differ materially due to\nrisks and uncertainties, including: (1) delays, disruptions, reduced capacity\nor productivity, quality-control issues, difficulties transferring equipment,\nprocesses, and institutional knowledge, delays in obtaining customer or\nregulatory approvals, supply-chain and logistics challenges, and\nhigher-than-anticipated costs associated with the production transfer; (2)\nconstruction, permitting, equipment installation, qualification, labor,\nmaterial, or other challenges that delay or prevent the Spartanburg facility\nfrom becoming operational or achieving expected production levels; (3) the\npossibility that the divestiture may not be completed on the anticipated terms\nor timeline or at all, including because of unsatisfied closing conditions or\nrequired approvals or consents, as well as business disruptions, adverse\neffects on business relationships, and difficulties with separation,\ntransition services, supply arrangements, or operational handoffs; (4) the\npossibility that these actions may not occur in the anticipated sequence or on\ncompatible timelines or, individually or collectively, may not achieve the\nanticipated benefits, or that such benefits may be delayed, less significant,\nor more costly to achieve than expected; and (5) other risk factors, risks,\nand uncertainties described in Woodward’s filings with the Securities and\nExchange Commission, including its Annual Report on Form 10-K for the fiscal\nyear ended September 30, 2025, and any subsequently filed Quarterly Report on\nForm 10-Q and other SEC filings. Forward-looking statements speak only as of\nthe date of this press release, and Woodward undertakes no obligation to\nupdate them except as required by law.\n\nMEDIA CONTACTS\n\nJennifer Regina \nVice President, Communications\n+1 970-559-8840 \nJennifer.regina@woodward.com \n\nDan Provaznik\nDirector, Investor Relations\n+1 970-498-3849\nDan.Provaznik@Woodward.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/3044afab-2c3e-490d-83db-e461a429c66c)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-21T21:15:00.145336285Z","server_sent_at_ms":1790025300145},"received_at":"2026-09-21T21:15:00.200Z","source_url":"https://www.globenewswire.com/news-release/2026/09/21/3365897/32326/en/woodward-plans-to-transition-its-santa-clarita-california-aerospace-controls-production-to-spartanburg-south-carolina.html"},"analysis":{"id":"137538","press_release_id":"148974","analysis_json":{"industry":{"label":"Aerospace & Defense","sector":"Industrials"},"redFlags":["About 400 roles affected at Santa Clarita with phased transitions through December 2027","Divestiture buyer, price, and terms not disclosed; closing is subject to conditions and approvals and may not complete on timeline","No restructuring charges, expected savings, or financial benefits quantified","Spartanburg facility still under construction; ramp-up, qualification, equipment-transfer, and knowledge-transfer risks flagged extensively in forward-looking statements"],"eventType":"restructuring","narrative":"Woodward will move production of military fixed-wing and rotorcraft flight control actuation out of its Santa Clarita, California, facility to its aerospace manufacturing campus in Spartanburg, South Carolina, which is in advanced stages of construction.\n\nThe Spartanburg site is expected to go online in the summer of 2027 and will also produce Airbus A350 spoiler actuation systems alongside the transferred product lines.\n\nSeparately, Woodward has agreed to sell a group of legacy commercial rotorcraft, land systems, and business jet products made in Santa Clarita, along with the campus itself, in a transaction expected to close in fiscal year 2027.\n\nOperations at Santa Clarita are expected to cease no later than December 2027, affecting about 400 roles, with management framing the move as refining its manufacturing footprint to meet increasing demand for controls on current and next-generation commercial and military aircraft.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Footprint optimization: Woodward consolidates California aerospace controls production into its new South Carolina campus and divests legacy Santa Clarita lines -- watch for FY27 execution risk and unquantified charges."},"keyFigures":{"customDimensions":{"affected_roles":400,"spartanburg_online":"summer of 2027","divestiture_expected_close":"fiscal year 2027","santa_clarita_closure_deadline":"no later than December 2027"}},"quotedText":"Moving this production to Spartanburg will help refine our\nmanufacturing footprint to best support our customers and improve our supply\nchain as we meet increasing demand for industry-leading controls on current\nand next-generation commercial and military aircraft.","namedEntities":{"people":[{"name":"Shawn McLevige","role":"President of Woodward's Aerospace segment"}],"products":["military fixed-wing and rotorcraft flight control actuation","Airbus A350 spoiler actuation systems","legacy commercial rotorcraft, land systems, and business jet products"],"companies":[{"name":"Woodward, Inc.","ticker":"WWD","relationship":"filer"},{"name":"Airbus","relationship":"customer"}],"dollarAmounts":[]},"materialImpact":{"score":3,"reasoning":"Moderately material operational restructuring: production transfer of military flight-control actuation to a new South Carolina campus plus an agreement to divest the Santa Clarita campus and legacy product lines, affecting roughly 400 roles. No financial terms, charges, or savings are quantified, keeping this below market-moving territory."},"tickerRelevance":{"others":[],"primary":"WWD"},"globalImportance":35,"audienceRelevance":28,"eventTypeSecondary":["m_and_a"],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"facility-consolidation-plus-divestiture","sectorWeight":"aerospace-defense","issuerAuthored":true,"quantificationGap":"no financial terms, charges, or savings disclosed","householdBrandBoost":false,"retailFavoriteBoost":false}},"event_type":"restructuring","event_type_secondary":["m_and_a"],"sentiment":"bullish","material_impact_score":3,"narrative":"Woodward will move production of military fixed-wing and rotorcraft flight control actuation out of its Santa Clarita, California, facility to its aerospace manufacturing campus in Spartanburg, South Carolina, which is in advanced stages of construction.\n\nThe Spartanburg site is expected to go online in the summer of 2027 and will also produce Airbus A350 spoiler actuation systems alongside the transferred product lines.\n\nSeparately, Woodward has agreed to sell a group of legacy commercial rotorcraft, land systems, and business jet products made in Santa Clarita, along with the campus itself, in a transaction expected to close in fiscal year 2027.\n\nOperations at Santa Clarita are expected to cease no later than December 2027, affecting about 400 roles, with management framing the move as refining its manufacturing footprint to meet increasing demand for controls on current and next-generation commercial and military aircraft.","key_figures":{"customDimensions":{"affected_roles":400,"spartanburg_online":"summer of 2027","divestiture_expected_close":"fiscal year 2027","santa_clarita_closure_deadline":"no later than December 2027"}},"named_entities":{"people":[{"name":"Shawn McLevige","role":"President of Woodward's Aerospace segment"}],"products":["military fixed-wing and rotorcraft flight control actuation","Airbus A350 spoiler actuation systems","legacy commercial rotorcraft, land systems, and business jet products"],"companies":[{"name":"Woodward, Inc.","ticker":"WWD","relationship":"filer"},{"name":"Airbus","relationship":"customer"}],"dollarAmounts":[]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-21T21:17:33.384Z","global_importance":35,"audience_relevance":28,"importance_components":{"tickerTier":"mid-cap","eventGravity":"facility-consolidation-plus-divestiture","sectorWeight":"aerospace-defense","issuerAuthored":true,"quantificationGap":"no financial terms, charges, or savings disclosed","householdBrandBoost":false,"retailFavoriteBoost":false}},"durationMs":153183,"modelName":"glm-5.3-flash"}}