Woodward, IncP.O. Box 1519 1000 , East Drake Road , Fort Collins,, United States

Woodward delivers lasting contributions to energy control, always innovating for a better future.

Woodward integrates leading-edge technologies into fuel, combustion, fluid, actuation, and electronic control systems for the aerospace and energy markets. Our growth is driven by the increasing demand for fuel-efficient, low-emission, and high-performance energy management.

We have a clear vision and follow carefully planned long-term strategies. With multiple locations in fourteen countries, Woodward can respond quickly with solutions tailored to the local demands of our customers.

Our leadership in energy control and optimization solutions is built on a strong foundation, dating back to 1870. We are driven by the needs of our customers and guided by our tradition of integrity, values, and principles.

Woodward has conducted business with integrity since 1870. I am pleased to maintain the Tradition of Integrity carried on by each of Woodward's five prior chief executives. I strongly support the Woodward Codes of Business Conduct and Ethics as a written expression of the Tradition of Integrity central to Woodward's culture.

Woodward is not merely responding to reforms in the wake of corporate scandals. In emphasizing our commitment to A Tradition of Integrity, we are expressing Woodward's core values and principles. photo of Tom Gendron

These core values and principles are essential to us, and we expect everyone at Woodward to behave accordingly. Each of the members of our Board of Directors has committed to act ethically at all times and to adhere to the policies in the Woodward Codes of Business Conduct and Ethics. All of our members, including officers and senior management, are required to comply with these codes. The commitment also extends to others who represent or act on behalf of Woodward. Representatives are instructed that their conduct on our behalf shall comply with these codes.

Within the Woodward Codes of Business Conduct and Ethics there are two codes: 1) the Woodward Code of Business Conduct and 2) the Woodward Code of Ethics for Senior Financial Officers and Other Finance Members. The Woodward Code of Business Conduct applies to all Woodward members as well as to Woodward's directors.

The Woodward Code of Ethics for Senior Financial Officers and Other Finance Members is specifically directed to Woodward's Finance group. In compliance with applicable law, this code also applies to Senior Financial Officers and to me as Woodward's Chairman and Chief Executive Officer.

These codes also reference Policy 2-16 "Trades of Woodward Stock" which addresses in detail issues of insider trading. The "Reporting Violations" section of the Woodward Codes of Business Conduct and Ethics (pages 11 through 15) establishes the policies and procedures for reporting suspected violations of these codes. Reports can be submitted in a variety of ways including a confidential help line which is available to report suspected violations. Reports can be submitted anonymously by calling your country specific toll free number (in the U.S. 888-325-7915) or by using a web-based tool accessible via www.Woodward.com or www.EthicsPoint.com. Non-U.S. phone numbers are listed on page 14.

Woodward Codes of Business Conduct serve to guide us in acting on behalf of Woodward. It is essential that every member and representative of Woodward understands and complies with them.

 At Woodward, we believe we must all do our part toward developing long-term solutions for energy availability and sustainability, while maintaining the quality of the environment. Environmental regulations are becoming increasingly restrictive, and rightly so.  

Woodward remains committed to designing and manufacturing products that minimize emissions, increase efficiency, and improve reliability. From development of aftertreatment control systems to the conversion of wind energy, to safe and dependable electrical power, Woodward is working to protect the environment by providing our customers with products unmatched in the marketplace. We are committed to investing in research and development, as well as other opportunities, in an effort to continue to introduce environmentally sound products.

Woodward Products, Services and Applications

Aerospace

Our Aerospace segment designs, produces and services systems and products for the management of fuel, air, combustion and motion. These products include pumps, valves, fuel nozzles, metering units, cockpit controls, actuators,
motors, and sensors. These products are used on commercial, business and military aircraft, as well as weapons and defense systems. We also have significant content on a wide variety of commercial aircraft, rotorcraft and business jet platforms, including the Airbus A320, Boeing 787, Bell 429 and the Gulfstream G650. We also have significant content on military applications, such as the Blackhawk helicopter, F-35 fighter jet, M1A1 Abrams Tank and guided tactical weapons, such as the Direct Attack Guided Rocket (“DAGR”).

Revenues from the Aerospace segment are generated primarily by sales to OEMs and tier-one prime contractors, and through aftermarket sales of components as provisioning spares or replacements. We also provide aftermarket repair, overhaul and other services to commercial airlines, turbine OEM repair facilities, military depots, third party repair shops, and end users.

Energy

Our Energy segment designs, produces and services systems and products for the management of fuel, air, fluids, gases, electricity and motion. These products include power converters, actuators, valves, pumps, injectors, solenoids, ignition
systems, governors, electronics and devices that measure, communicate and protect low and medium voltage electrical distribution systems. Our products are used on industrial gas turbines, aeroderivative turbines, reciprocating engines, electrical grids, wind turbines and compressors. The equipment on which our products are found is used to extract and distribute fossil fuels, generate, distribute or store electricity, and to convert fuel to work in marine, locomotive and industrial equipment applications.

Revenues from the Energy segment are generated primarily by sales to OEMs and tier-one prime contractors, through aftermarket sales or replacements, and by providing other related services to our OEM customers and, in some cases, directly to end users or distributors.

Woodward promotes an ethical environment that fosters growth, encourages self-development, and provides meaningful work. We are proud to provide jobs in the communities in which we operate. We are deeply committed to supporting programs and organizations that ensure our communities are desirable places to live and work. We cultivate a spirit of volunteerism by encouraging our members to be involved in their communities.

Living up to the Woodward Constitution is critical to the achievement of our business goals and to our long-term success. It sets forth our values and principles, and establishes our commitment to promoting the long-term interests of our stakeholders: our shareholders, customers, members (employees), suppliers, and communities.

On behalf of Woodward’s Board of Directors and management team, we are pleased to introduce our first Sustainability Report. In this Report, we proudly highlight our long-standing commitment to sustainability and our investments in Woodward’s future.