What Happened
Component Manufacturer Sees Sustained Demand For Services
Woodward has raised its full-year guidance due to strong demand for legacy MRO services, driven by a 36% increase in commercial aftermarket segment revenue. The company’s CEO, Chip Blankenship, noted that legacy services activity remains solid, with steady increases in volume for control systems on CFM LEAP and PW1000G engines. This growth is expected to continue, with the company ramping up production and support for key current-generation product lines, according to Aviation Week.