Woodward agrees to sell pilot controls product line to Ontic Engineering and Manufacturing

Woodward, Inc. +2.49%

Woodward, Inc.

WWD

375.60

+2.49%

  • Woodward reached deal to sell its pilot controls product line and related services to Ontic Engineering and Manufacturing.
  • Assets include pilot controls used in commercial and defense aircraft, produced at Woodward facility in Niles, Illinois.
  • Woodward plans long-term supply agreement to remain sole supplier of certain engineered electromechanical components used in pilot controls.
  • Transition services are expected to run 9 to 12 months following closing to support delivery continuity.
  • Sale aligns with Woodward strategy to streamline portfolio and focus investment on core aerospace growth areas.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Woodward Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202604151924PRIMZONEFULLFEED9690924) on April 15, 2026, and is solely responsible for the information contained therein.

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