Woodward Buys GE Aviation Assets for $200M
The assets serve Boeing, General Electric and the U.S. government
Woodward Inc. (Nasdaq: WWD) will buy GE Aviation Systems’ Duarte, Calif. business for $200 million in cash.
Woodward will buy GE Aviation’s hydraulic thrust reverser actuation systems assets. The Duarte business serves customers such as Boeing Co. (NYSE: BA), General Electric Co. (NYSE: GE), Safran and the U.S. government.
The Fort Collins, Colo.-based buyer manufactures, designs and provides control services to the aerospace and energy markets.
GE Aviation makes large and small jet engines for commercial and military aircrafts.
The deal is expected to close on Dec. 28.
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