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Woodward, Inc. Signs Agreement to Acquire Hydraulic Thrust Reverser Actuation Systems ("TRAS") Business from General Electric

December 28, 2012

FORT COLLINS, CO--(Marketwire - Dec 28, 2012) - Woodward, Inc. (NASDAQ: WWD) today announced that on December 27, 2012, it signed a purchase agreement with GE Aviation Systems to acquire the assets of its hydraulic thrust reverser actuation systems business located in Duarte, California (the "Duarte Business") for $200 million in cash, and the parties have entered into a preferred supplier agreement for thrust reverser actuation systems. The transaction is expected to close later today.

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