WOODWARD SAYS IT WILL MOVE MILITARY FLIGHT CONTROL ACTUATION PRODUCTION TO SPARTANBURG, WITH THE FACILITY EXPECTED TO GO ONLINE IN SUMMER 2027 TO PRODUCE AIRBUS A350 SPOILER ACTUATION SYSTEMS, AND ESTIMATES CUMULATIVE PRE-TAX CHARGES OF $34 MLN-$47.50 MLN FOR THE TRANSITION PLAN - SEC FILING
WOODWARD PLANS TO TRANSITION ITS SANTA CLARITA, CALIFORNIA AEROSPACE CONTROLS PRODUCTION TO SPARTANBURG, SOUTH CAROLINA, CEASING OPERATIONS AT SANTA CLARITA BY DECEMBER 2027 IN A DECISION EXPECTED TO AFFECT ABOUT 400 ROLES, AND AGREEING TO SELL THE SANTA CLARITA CAMPUS AND LEGACY PRODUCT LINES IN A DEAL EXPECTED TO CLOSE IN FY2027.
Woodside's first-half net income beat analyst estimates as oil and liquefied natural gas prices boosted by Middle East supply disruptions offset lower production and a spending ramp-up on a development project in Louisiana