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Woodward Announces Agreement to Sell Its Pilot Controls Product Line to Ontic Engineering and Manufacturing

WWD
  • Woodward, Inc. announced an agreement to sell its pilot controls product line & associated services to Ontic Engineering and Manufacturing on April 15, 2026.
  • The transaction includes throttle quadrant assemblies, rudder pedals, & passive side sticks currently manufactured at Woodward's Niles, Illinois facility.
  • The deal is subject to customary closing conditions & regulatory approvals.
  • Woodward will remain the sole supplier of certain engineered electromechanical components for pilot controls under a new long-term supply agreement.
  • Woodward will provide transition services for 9 to 12 months post-closing to ensure continuity of customer delivery.
  • Shawn McLevige, President of Woodward's Aerospace Segment, stated the sale aligns with the strategy to optimize the portfolio & focus on core growth areas in aerospace commercial & defense.
  • Recent strategic moves by Woodward include acquiring Valve Research and Manufacturing, relocating servo line production to Rock Cut, constructing a new Spartanburg facility for Airbus 350 spoiler actuation systems, & transforming the Loves Park site into a High-Volume Aerospace Services center.
  • Ontic CEO Gareth Hall confirmed the agreement reflects Ontic's strength in sustaining critical aerospace parts & ensuring ongoing reliability for pilot controls.
  • The transaction allows Woodward to advance next-generation aviation technologies while Ontic assumes responsibility for long-term product support.
  • Woodward is a global company headquartered in Fort Collins, Colorado, specializing in energy conversion & control solutions for aerospace & industrial markets.
  • Ontic is a leading manufacturer providing certified, safety-critical components, MRO, spares, & AOG support for civil & military aircraft.
  • The press release includes forward-looking statements regarding the transaction, with risks such as potential delays, failure to obtain regulatory approvals, & business disruption during the transition period.