Woodward acquires aerospace components business from Safran

FORT COLLINS — Woodward Inc. (Nasdaq: WWD), a Fort Collins company that designs, manufactures and services energy-conversion and control solutions for the aerospace and industrial equipment markets, will acquire the North American electromechanical actuation business of Safran S.A., a French multinational defense contractor. 

The deal “includes intellectual property, operations assets, talent, and long-term customer agreements for Horizontal Stabilizer Trim Actuation (HSTA) systems” used in Airbus A350 airplanes, Woodward said in a news release.

“The acquisition of Safran’s electromechanical actuation business aligns perfectly to Woodward’s growth and innovation value drivers,” Woodward CEO Chip Blankenship said in the release. “It increases our shipset content for current widebody programs and expands our industry-proven technology platform for Next Generation Single Aisle aircraft. Overall, this acquisition is an excellent fit for Woodward’s complementary activities. It is another example of how we’re focusing our resources and capital on Aerospace and Industrial product lines with the greatest potential to serve our customers well and increase long-term value for our shareholders.”

The deal, announced Friday morning, did not immediately resonate with Wall Street. Woodward’s stock price was down 0.43% to $167.42 as of 8:45 a.m.

Woodward’s acquisition is expected to close in mid-2025. Financial terms of the deal were not disclosed, but more details may be forthcoming in future disclosures.

“We are confident that this important business will continue to thrive under Woodward’s leadership and commitment to innovation,” Safran Electronics & Defense CEO Franck Saudo said in the release. “We look forward to supporting a smooth and efficient transition for our customers.”

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