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
?&%#?........... 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.”