Woodward Celebrates Completion of Aerospace Maintenance, Repair and Overhaul (MRO) Facility Transformation in Loves Park, Illinois
Marathon OilMarathon Oil(US:MRO) GlobeNewswire News Room·2024-09-18 10:00

Core Insights - Woodward, Inc. has completed a $55 million aerospace Maintenance, Repair and Overhaul (MRO) facility in Loves Park, Illinois, to meet the growing demand for aircraft fleet fuel controls aftermarket services [1][2] Group 1: Facility and Investment - The Loves Park site spans over 165,000 square feet and currently employs about 1,100 members, with the potential to add up to 100 new jobs over the next five to seven years [2] - The facility features advanced technologies such as Rapid Advanced Machining, automated equipment, and world-class test stands, aimed at enhancing manufacturing, assembly, testing, and aftermarket services [2] Group 2: Market Demand and Operational Excellence - The investment in the MRO facility is expected to support growth in demand from aircraft equipment makers as air traffic increases and legacy aircraft log more hours [2] - The updates will reduce turnaround time and comply with the rigorous requirements of aircraft engine OEMs, airlines, and FAA regulations, reflecting a focus on operational excellence, safety, quality, delivery, and reliability [2] Group 3: Community Engagement - Woodward has established strong partnerships in the Rockford community, including collaborations on technical education programs and support for local nonprofits [3]

Marathon Oil-Woodward Celebrates Completion of Aerospace Maintenance, Repair and Overhaul (MRO) Facility Transformation in Loves Park, Illinois - Reportify