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Woodward, Inc. Message Board

  • jung_tc jung_tc Jul 16, 2012 10:31 AM Flag

    Caterpillar denies any contracts with WWD

    cash 63m
    debt 442m
    market cap 2.3B
    lowered guidance..
    this company will make it through next financial crisis.
    they are always been doing business with Caterpillar! This news was to fool investors. Stock should be $25 today

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    • Who is your insider informant?

    • ?&%#?...........
      Woodward Signs Long-Term Agreement with Caterpillar

      Fort Collins, Colo., July 16, 2012—Woodward, Inc. (NASDAQ:WWD) today announced that it signed a long-term supply agreement with Caterpillar Inc.

      The ten-year agreement addresses design collaboration opportunities and the supply of Woodward energy controls technologies – including diesel fuel injection systems, natural gas engine control system components, electronic controls, actuators, and valves – to Caterpillar.

      “We have worked with Caterpillar for decades on various engine control technologies and we look forward to expanding our business with them in these and new areas of opportunity,” said Chad Preiss, President of Engine Systems, Woodward, Inc. “This long-term supply agreement enhances our ability to introduce new technologies on both new and existing platforms to increase fuel efficiency, lower emissions, and enhance the reliability of industrial engines and equipment.”

    • Are you saying Cat is denying any new contracts?

 
WWD
52.23+0.32(+0.62%)Aug 29 3:59 PMEDT

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