Log in to use our free company, program and sector update tracker feature.
 

Front page

Woodward and GE Aviation initiate large engine fuel systems joint venture

Woodward, Inc. and GE Aviation on January 4th, 2016 announced the formal creation of the large engine fuel systems joint venture announced on May 20, 2015. Under terms of the agreements related to the joint venture, Woodward today received $250 million from GE Aviation in exchange for GE Aviation's acquisition of its equity interest in the joint venture. GE Aviation and Woodward will participate equally in the operating results of the joint venture programs and the future cash flows from the joint venture. 

The joint venture will design, develop, source, supply and service fuel system components from the inlet up to the fuel nozzle for the GE90, GEnx, GE9X and all future large commercial engines developed by GE Aviation. 

Woodward will be the preferred supplier to the joint venture. As a result, Woodward content on the GE9X engine will increase significantly, compared to the GE90 engine.

As previously announced, Woodward has completed $125 million in share repurchases through an accelerated stock repurchase program in the second half of fiscal year 2015. This was part of a previously announced $250 million share repurchase initiative, and Woodward intends to complete the remaining $125 million in share repurchases during the first half of fiscal year 2016.

Press release issued by Woodward HRT on January 28, 2016

 

 Contact details from our directory:
Woodward HRT Engine Controls, Reservoirs, Solenoid Valves, Hydraulic Actuators, Directional Control Valves, Relief Valves, Servovalves, Linear Actuators, Automated Test Equipment, Rotary Actuators, Fuel Control Systems, Check Valves, Servoactuators, Hydraulic Power Supplies, Flow Control Valves
GE Aircraft Engines Turboprop Engines, Turboshaft Engines, Turbofan Engines, Turbojet Engines

 

 Related directory sectors:
Fuel Systems
Engine Components

Enhanced listings:


Capacitec
Capacitec Gapman Gen3 portable “electronic feeler gauge” measures very small gaps (200 microns) in airframe parts assembly

Beckwood Press
Your single source for aerospace forming equipment. Manufacturer of Triform Sheet hydroforming presses.

USA Borescopes
USA Borescopes is a global supplier of world class visual inspection equipment. We are the one stop source for aviation professionals.

Zeus Industrial Products, Inc.
Delivers precision polymer solutions that transform businesses & markets. 50 years' dedication to building partnerships, products and services.

Dexmet Corporation
Dexmet MicroGrid® an innovative product line that help improve the composite aircraft withstand the rigors of a lightning strike.

See our advertising tariff.

 

12
data pages remaining in monthly quota for non-subscribers

© Copyright of Airframer Limited, operated under licence by Stansted News Limited 2017. Terms & Conditions of reading.