Woodward, Inc. (NASDAQ:WWD) has a Five-year maintenance, repair and overhaul (MRO) contract with Lufthansa TechnikThis agreement extends the 25-year business relationship. Woodward will continue to perform MRO work for Critical fuel system components from Lufthansa Technik in facilities in Rockford, IL, and Prestwick, UKThe cooperation includes Woodward manufactured components for widebody and narrowbody engine typesJohn Di Silvestro, Senior VP of Sales, Marketing & Services at Woodward, emphasized the long-standing partnership, while Thomas Böttger, VP of Corporate Procurement at Lufthansa Technik, expressed his willingness to expand the cooperation to other aircraft and engine types.
Woodward, Inc. (NASDAQ: WWD) has made an announcement Agreement on maintenance, repair and overhaul services (MRO) for five years with Lufthansa TechnikThis agreement completed the past year with Woodward and continued its work for MRO I criticize components of the fuel system of Lufthansa Technik press the structure of Rockford, IL, and Prestwick, UK. The collaboration with copper Woodward components for large Fusolier and Stretta enginesJohn Di Silvestro, senior vice president of sales, marketing and services at Woodward, said of the lung data partnership, along with Thomas Böttger, vice president of corporate acquisitions at Lufthansa Technik, on the availability and expanded collaboration with other aircraft and engine types.
Woodward, Inc. (NASDAQ:WWD) made an announcement Acuerdo de Servicios de Mantenimiento, Reparación y Revisión (MRO) at Lufthansa Technik five years agoThis led to Woodward extending its relationship 25 years ago and continuing to manage the MRO division The critical components of Lufthansa Technik’s fuel system in installations in Rockford, IL, and Prestwick, UK. The collaboration is over Components manufactured by Woodward for fuse and fuse motor types. John Di Silvestro, Senior Vice President of Sales, Marketing and Services at Woodward, was enthusiastic about the large organization and, in the presence of Thomas Böttger, Vice President of Corporate Purchases at Lufthansa Technik, expressed his willingness to strengthen cooperation with other aviation and engine manufacturers.
Company (Woodward, Inc., NASDAQ:WWD) 5. Flight plan (Lufthansa Technik) on May 5, 2018, July 2, 2018 (MRO) July 2, 2016 발표했습니다. For 25 months the time is long, the time is over 1999–2010No 일리노이주 록포드와 영국 프레스트윅의 설에서 진행됩니다. Evaluation 와이드바디 및 내로우바디 엔진 유형을 위한 우드워드 제조 부품을 포함합니다. The film was founded by John Di Silvestro (John Di Silvestro) and his son John Di Silvestro (John Di Silvestro). 2011, 2011, 2012, 2011, 2012, 2011, 2012, 2011, 2011, 2011, 2012, 2011 and 2012. 준비가 되어 I’m a little nervous about taking a shower.
Woodward, Inc. (NASDAQ:WWD) made an announcement Agreement on maintenance, repair and overhaul services (MRO) for a five-year term with Lufthansa TechnikThis agreement extended his relationship for 25 years, Woodward continued his work for MRO Lufthansa Technik’s fuel system component evaluations in the on-site installations Rockford, IL, and Prestwick, UK. The cooperation includes The components manufactured by Woodward are large and large engine typesJohn Di Silvestro, senior vice president of sales, marketing and services at Woodward, said long-time members of the partnership, as well as Thomas Böttger, vice president of corporate sales at Lufthansa Technik, have volunteered to collaborate on other types of aircraft and engines.
Woodward, Inc. (NASDAQ:WWD) has a Five-year agreement for maintenance, repair and overhaul services (MRO) with Lufthansa Technik This agreement extended their 25-year relationship, with Woodward continuing to perform MRO work for the critical fuel system components from Lufthansa Technik at locations in Rockford, IL and Prestwick, UK The collaboration includes Components manufactured by Woodward for wide and narrow wing enginesJohn Di Silvestro, Senior Vice President of Sales, Marketing and Services at Woodward, emphasized the long-standing partnership, while Thomas Böttger, Vice President of Corporate Procurement at Lufthansa Technik, expressed his willingness to expand the cooperation to other aircraft and engine types.
Positive
- Five-year MRO contract concluded with Lufthansa Technik
- Continuation of a 25-year business relationship
- Potential for expansion to other aircraft and engine types
The Five-year MRO contract between Woodward and Lufthansa Technik is a positive development for Woodward’s aerospace business. The deal solidifies a long-standing relationship and potentially expands Woodward’s market share in the global MRO sector.
Important points to consider:
- The agreement includes critical components of the fuel system for various commercial airlines, indicating a stable source of income for Woodward.
- The work will be carried out at Woodward’s facilities in Rockford, IL and Prestwick, UKwhich may increase the operational efficiency and utilization of these sites.
- The possibility of extending cooperation to other aircraft and engine types suggests scope for future growth and greater market penetration.
For investors, this agreement represents a positive long-term prospects for Woodward’s aerospace segment, which may lead to increased sales stability and growth opportunities in the MRO market.
Although the exact financial terms were not disclosed, this agreement likely has a positive impact about Woodward’s financial outlook. Here’s why:
- A Five-year contract provides revenue transparency and stability, which is valuable in the cyclical aerospace industry.
- The deal with a major player like Lufthansa Technik could lead to increased market shares and potentially higher profit margins in the MRO segment.
- The use of existing facilities in Rockford and Prestwick suggests efficient use of resources without any significant new investments being necessary.
Investors should watch Woodward’s upcoming financial reports for signs of Sales growth And Margin improvement in the aerospace sector. The potential for expansion to other aircraft and engine types also represents a Growth catalyst which could have a positive impact on Woodward’s long-term financial performance.
Work on aircraft engine components is performed at Woodward’s facilities in Rockford, IL and Prestwick, UK.
FORT COLLINS, Colo., Aug. 8, 2024 (GLOBE NEWSWIRE) — Woodward, Inc. (NASDAQ:WWD), a global leader in power control solutions for aerospace and industrial applications, today announced that it has entered into a five-year maintenance, repair and overhaul (MRO) contract with Lufthansa Technik. Lufthansa Technik is a provider of regular maintenance and repair of critical fuel system components used in fleets of various commercial airlines.
Woodward will continue to perform MRO work for Lufthansa Technik related to certain components manufactured by Woodward. The work will be performed at the company’s facilities in Rockford, Illinois and Prestwick, UK.
“This agreement reinforces the long-standing relationship between Lufthansa Technik and Woodward, which has existed for more than 25 years,” said John Di Silvestro, Senior Vice-President of Sales, Marketing & Services at Woodward. “We look forward to working with Lufthansa Technik in the global MRO market to provide component support services for all Woodward engine components for wide-body and narrow-body aircraft.”
“We see great value in working more closely with Woodward as one of the leading OEMs for engine components,” said Thomas Böttger, Vice President Corporate Procurement at Lufthansa Technik. “We are ready to expand the collaboration to other aircraft and engine types in order to continue to offer the best MRO service for Woodward components.”
About Woodward, Inc.
Woodward is a global leader in the design, manufacture and service of power conversion and control solutions for the aerospace and industrial equipment markets. Together with our customers, we are paving the way to a cleaner, decarbonized world. Our innovative fluid, combustion, electrical, propulsion and motion control systems operate in some of the world’s harshest environments. Woodward is a global company headquartered in Fort Collins, Colorado, USA. Visit our website at www.woodward.com.
About Lufthansa Technik
The Lufthansa Technik Group is one of the world’s leading providers of aircraft technical services. The internationally certified company is a maintenance, production and development company and employs over 23,000 people at dozens of locations around the globe. Lufthansa Technik offers the full spectrum of services for commercial, VIP and special aircraft. The portfolio includes maintenance, repair, overhaul and modification of airframes, engines, components and landing gear as well as the manufacture of innovative cabin products and digital fleet support.
Further information is available online at: www.lufthansa-technik.com
CONTACT:
Jennifer Regina
970-559-8840
[email protected]
FAQ
How long does Woodward’s new MRO contract with Lufthansa Technik last?
Woodward (WWD) has signed a five-year maintenance, repair and overhaul (MRO) contract with Lufthansa Technik.
Where will Woodward perform the MRO work for Lufthansa Technik?
Woodward (WWD) will perform the MRO work at its facilities in Rockford, Illinois and Prestwick, UK.
What types of components are covered in the MRO agreement between Woodward and Lufthansa Technik?
The agreement covers components manufactured by Woodward for wide-body and narrow-body aircraft engine types, particularly critical fuel system components.
Since when has Woodward had a business relationship with Lufthansa Technik?
Woodward (WWD) has had a business relationship with Lufthansa Technik for more than 25 years.
