Woodward, Inc. (WWD) To Build Manufacturing Facility For Aircraft Spoiler Actuation Systems in South Carolina

Woodward, Inc. (NASDAQ:WWD) is among the 12 Best Defense Stocks to Buy Right Now. On September 16, the company announced plans to build a 300,000-square-foot precision manufacturing facility in South Carolina’s Spartanburg County.

The site will focus on the production of aircraft spoiler actuation systems. It is expected to become operational in 2027, with the company planning to progressively scale production and hiring in the years to follow to meet market demand.

Servo-hydraulic actuation systems are critical components used in aircraft flight control. Initially, Woodward, Inc. (NASDAQ:WWD) will utilize most of the factory’s capacity to produce spoiler actuation for the Airbus A350, the company said in a press release.

Woodward, Inc. (NASDAQ:WWD) will invest nearly $200 million on the site’s development. The project is expected to create 275 high-quality jobs in engineering, manufacturing, and business operations, with the potential for major workforce expansion in the future.

The investment is supported by an incentive package from the State of South Carolina, Spartanburg County, and some local economic development organizations.

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