Woodward announces relocation of Duarte, CA operations to Fort Collins, CO

Woodward, Inc. today announced its intention to relocate its Duarte, CA operations to the company's newly renovated Drake Campus in Fort Collins, CO. The Duarte facility, which manufactures thrust reverser actuation systems ("TRAS"), is part of the company's Airframe Systems business group, with approximately 350 employees.

The Duarte facility is unable to support the significant amount of new business recently awarded, including a major TRAS contract with Airbus, while maintaining the highest quality and customer service levels. After conducting a thorough study, which centered on specific criteria including facilities that meet world class standards, are not encumbered by threats of eminent domain, and have a ready and capable workforce with the ability to transition quickly, the company selected its newly renovated Drake Campus location.

"This has been a difficult decision, and we acknowledge the impacts to our members in Duarte," said Thomas A. Gendron, Chairman and Chief Executive Officer. "However, this move will allow us to produce world-class products in a facility that can accommodate growth, and deliver high levels of quality and customer service to our customers."

Working closely with the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America ("UAW"), the company will begin the transition process, expected to span 18-24 months.