Woodward, Inc. (NASDAQ: WWD) has entered a definitive agreement to sell its pilot controls product line and associated services to Ontic Engineering and Manufacturing. The deal, announced April 15, 2026, from Fort Collins, Colorado, enables Woodward to streamline operations and focus on core aerospace and industrial controls.
The portfolio covers pilot controls for commercial and defense aircraft, including throttle quadrant assemblies, rudder pedals, and passive side sticks manufactured at Woodward’s Niles, Illinois facility. This divestiture sharpens Woodward’s business by offloading a non-core segment while securing ongoing revenue streams.
Key to the transaction is a long-term supply agreement designating Woodward as the sole provider of certain engineered electromechanical components for these pilot controls. Woodward will also deliver transition services for 9 to 12 months post-closing to ensure seamless customer supply chains for global aircraft manufacturers.
Closing awaits customary conditions and regulatory approvals. The move bolsters Ontic’s position in aftermarket aviation solutions and maintains supply continuity in a market demanding reliable pilot interfaces.