Woodward to close Santa Clarita facility, move production to Spartanburg, divest legacy lines

Woodward, Inc.

Pre-tax charges estimated $34M-$47.5M: $23M-$29M severance, $10M-$16.5M contract termination, $1M-$2M other; $1M non-cash.
About 400 roles affected at Santa Clarita; operations to cease no later than December 2027.
Military fixed-wing and rotorcraft flight control actuation to move to Spartanburg, SC campus (online summer 2027).
Divestiture of legacy commercial rotorcraft, land systems, business jet products and campus expected to close fiscal year 2027.
Charges recognized through December 2027; cash expenditures extend through that period.

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