Woodward Announces Exclusive Thrust Reverser Actuation (TRAS) Systems Repair Agreement with Alliance Airlines [Yahoo! Finance]
Woodward, Inc. (WWD)
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Source: Yahoo! Finance
FORT COLLINS, Colo., March 25, 2024 (GLOBE NEWSWIRE) -- Woodward, Inc. (NASDAQ:WWD), a global leader in energy control solutions for aerospace and industrial applications, today announced an agreement with Australian-based Alliance Airlines to become the exclusive Thrust Reverser Actuation Systems (TRAS) repair, maintenance and overhaul contractor for the airline's CF34-10E-powered fleet. Thrust Reverser Actuation Systems power and control the deployment of aircraft thrust reversers, which ensure optimal aircraft performance by minimizing runway stopping distances. Woodward will be the exclusive TRAS repair contractor for the entire maintenance, repair, and overhaul (MRO) volume for the Alliance fleet of 30-plus aircraft. Woodward's TRAS have been on aircraft since the 1960s and are on more than two dozen large commercial, regional, and business jet types, including FAR Part 33 and FAR Part 25 certifications. “We're honored to begin working with Alliance Airlines,” said Divya B
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WWD
Earnings
- 1/29/24 - Beat
WWD
Sec Filings
- 4/24/24 - Form 8-K
- 4/11/24 - Form 4
- 3/28/24 - Form 8-K/A
- WWD's page on the SEC website