Woodward Announces Five-Year Maintenance, Repair and Overhaul Agreement with Lufthansa Technik

Core Viewpoint - Woodward, Inc. has entered a five-year Maintenance, Repair, and Overhaul (MRO) Services agreement with Lufthansa Technik, enhancing their long-standing partnership and expanding MRO services for Woodward-manufactured components [1][3]. Company Overview - Woodward, Inc. is a global leader in energy control solutions for aerospace and industrial applications, focusing on enabling a cleaner, decarbonized world through innovative systems [4]. - Lufthansa Technik is a leading provider of technical aircraft services, employing over 23,000 people globally and offering a comprehensive range of services for various types of aircraft [5]. Agreement Details - The MRO work will be conducted at Woodward's facilities in Rockford, IL, and Prestwick, UK, supporting both widebody and narrowbody engine components [2][3]. - The agreement signifies a commitment to enhance collaboration and expand services to other aircraft and engine types, aiming for best-in-class MRO service [3].