Woodward Announces Its Role in Snecma Silvercrest Engine Program
FORT COLLINS, CO--(Marketwired - Oct 23, 2013) - Woodward, Inc. (NASDAQ: WWD) today announced that it will supply a suite of components -- integrated fuel pump and metering unit, variable stator vane actuator and variable bleed valve actuator -- for the Snecma Silvercrest engine program. Under its agreement with Snecma (a company of the Safran Group), Woodward is responsible for design, certification and production.
The Silvercrest is the new-generation business jet engine from Snecma. The engine has been selected by:
- Dassault Aviation, for its Falcon 5X aircraft, and
- Cessna Aircraft Company, for its Citation Longitude aircraft
"We are pleased to support the Silvercrest program progress, and we're excited to contribute to the fuel efficiency, reduced noise and reduced emissions this engine offers the business jet marketplace," said Sagar Patel, Aircraft Turbine Systems President, Woodward, Inc.
"Already chosen to power Citation Longitude from Cessna and Falcon 5X from Dassault, with best-in-class reliability and performance, Silvercrest is the most advanced business jet engine on the market. Relying on world class partners such as Woodward, we're pleased to contribute to the new capabilities of these aircraft," said Laurence Finet, GM Silvercrest program, Snecma.
About Woodward, Inc.
Woodward is an independent designer, manufacturer, and service provider of control system solutions and components for the aerospace and energy markets. The company's innovative fluid, combustion, electrical, and motion control systems help customers offer cleaner, more reliable, and more efficient equipment. Our customers include leading original equipment manufacturers and end users of their products. Woodward is a global company headquartered in Fort Collins, Colorado, USA. Visit our website at www.woodward.com, and connect with us at www.facebook.com/woodwardinc.
About Snecma
Snecma is part of Safran, an international high-technology group with three core businesses: aerospace, defence and security. Snecma designs, builds and sells propulsion systems for air and space, including a wide range of commercial engines that are powerful, reliable, economical and environmentally-friendly, led by the global best-seller CFM56 and the new-generation LEAP*. The company also makes world-class military aircraft engines, as well as rocket propulsion systems and equipment for satellites and launch vehicles. Visit our website at www.snecma.com.
(*) LEAP is a product of CFM International, a 50/50 joint company between Snecma (Safran) and GE.
The statements in this release concerning the company's future sales, earnings, business performance, prospects, and the economy in general reflect current expectations and are forward-looking statements that involve risks and uncertainties. Such forward-looking statements include but are not limited to Woodward's belief that its enabling technologies will help the Silvercrest engine meet market and customer demands for increased fuel efficiency, lower emissions, and reduced noise. Actual results could differ materially from projections or any other forward-looking statement and we have no obligation to update our forward-looking statements. Factors that could affect performance and could cause actual results to differ materially from projections and forward-looking statements are described in Woodward's Annual Report and Form 10-K for the year ended September 30, 2012 and any subsequently filed Quarterly Report on Form 10-Q.