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Woodward, Inc. (NASDAQ:WWD), a global leader in energy control solutions for aerospace and industrial markets, announced today its plans to build a precision manufacturing facility in Greer, South Carolina, in Spartanburg County. The new site is a strategic investment for the company. The site is expected to become operational in 2027 and will progressively scale production and hiring in subsequent years to meet market demand.
The 300,000-square-foot facility will focus on production of servo-hydraulic actuation systems, which are critical components used in aircraft flight control. Initially, most of the factory's capacity will be dedicated to producing spoiler actuation for the Airbus A350. These critical control systems are mounted on the upper surface of aircraft wings and play a vital role in managing lift and enhancing flight performance and safety. The site has potential to expand capacity as the company meets growing demand for its aerospace technologies.
The facility is expected to create approximately 275 high-quality jobs in manufacturing, engineering, and business operations, with potential for significant workforce expansion in the future.
The company will invest nearly $200 million in the development of the site. After an extensive nationwide search, Woodward selected Spartanburg County for its robust manufacturing infrastructure, access to highly skilled aerospace talent, and proximity to key suppliers. The investment is supported by a competitive incentive package from the State of South Carolina, Spartanburg County, and local economic development organizations.
Posted In: WWD
