verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . august 2008 learn how and when to remove this template message woodward inc. formerly called the woodward governor company type public traded as nasdaq wwd wgov prior to 2011 isin us9807451037 industry aerospace energy 1 founded rockford illinois united states 1870 1870 2 founder amos woodward 2 headquarters fort collins colorado united states number of locations 32 plants and offices in 15 countries 2 2014 area served worldwide key people thomas a. gendron chairman and ceo 2 products control systems and components revenue us 2.0 b 3 2014 net income us 166 m 3 2014 total assets us 2.4 b 3 2014 total equity us 1.2 b 3 2014 number of employees 7 200 2 2014 website www.woodward.com coordinates 40 33 13.45 n 105 3 39.82 w 40.5537361 n 105.0610611 w 40.5537361 ; 105.0610611 woodward inc. is the world s oldest and largest independent designer manufacturer and service provider of control systems and control system components e.g. fuel pumps engine controls actuators air valves fuel nozzles and electronics for aircraft engines industrial engines and turbines power generation and mobile industrial equipment . woodward inc. was founded as the woodward governor company by amos woodward in 1870 . woodward governor company initially made controls for waterwheels first patent no. 103 813 and then moved to hydro turbines . in the 1920s and 1930s woodward began designing controls for diesel and other reciprocating engines and for industrial turbines . also in the 1930s woodward developed a governor for variable pitch aircraft propellers . and when the united states military s first turbine powered aircraft successfully flew its ge engine had a woodward control . starting in the 1950s woodward began designing electronic controls first analog and then digital units . contents 1 historical information 2 modern day company 3 references 3.1 woodward family patents historical information edit the journey began in rockford illinois in 1870 with amos w. woodward s invention of a noncompensating mechanical waterwheel governor u.s. patent no. 103 813 . 4 thirty years later his son elmer patented the first successful mechanical compensating governor for hydraulic turbines u.s. patent no. 583 527 . 5 in 1933 the company became more diversified by expanding its product line to include diesel engine controls u.s. patent no. 2 039 507 6 and aircraft propeller governors british patent no. 470 284 . 7 woodward governors followed the rapid advancement of diesel engine applications for railroads maritime and electrical generation in many fields . the advent of gas turbine engines for aircraft and industrial uses offered still more opportunities for woodward designed fuel controls . and of course the science of electronics has added impetus to this industry . elmer e. woodward conceived designed and developed the first successful propeller control in 1933 . 7 this model pw 34 propeller governor is on display at the udvar hazy annex of the smithsonian national air and space museum . 8 today approximately 75 % of all propeller driven aircraft use woodward aes controls . citation needed a growing number of general aviation and commuter aircraft rely on woodward aes overspeed governors synchronizers and synchophasers for the turboshaft turboprops and reciprocating engines . as engine controls have moved toward electric based systems woodward has responded with a line of electric propeller controls . citation needed the engines that are controlled by woodward aircraft engines systems are from honeywell tpe331 general electric ct7 pratt & whitney canada pt6a series raytheon vans and rotax corporations . citation needed modern day company edit as of 2007 woodward governor company became a 1 billion company with establishments all across the globe including japan china europe and many others . 2 on january 26 2011 the company announced that shareholders have approved the name change to woodward inc. 9 for more historical facts and figures on the history of the woodward company check out the oldwoodward.com history site . references edit explore our markets . retrieved 2015 01 07 . a b c d e f about woodward . woodward . september 2014 . retrieved 2015 01 07 . a b c d clear path to growth annual report 2014 . woodward . 2014 11 12 . retrieved 2015 01 07 . u.s. patent 103 813 us patent 103813 woodward amos w. improvement in water governors issued 1870 05 31 u.s. patent 583 527 us patent 583527 woodward amos w. & woodward elmer e. governor for water wheels issued 1897 06 01 u.s. patent 2 039 507 us patent 2039507 woodward elmer e. diesel engine governor issued 1936 05 05 assigned to woodward governor company a b gb patent 470284 woodward elmer e. automatic governor control for controllable pitch propeller issued 1937 08 12 assigned to woodward governor co brown steven ; mccutcheon kimble d. 2003 . aircraft propulsion artifacts case ; stephen f. udvar hazy center 2003 . aircraft engine historical society . retrieved 2015 01 07 . woodward name change approved ; nasdaq trading symbol to change press release . fort collins colorado woodward . marketwire . 2011 01 26 . retrieved january 26 2011 . woodward family patents edit u.s. patent 103 813 us patent 103813 woodward amos w. improvement in water governors issued 1870 05 31 u.s. patent 432 105 us patent 432105 woodward amos w. & woodward elmer e. water wheel governor issued 1890 07 15 u.s. patent 438 876 us patent 438876 woodward elmer e. lathe center grinder issued 1890 10 21 u.s. patent 466 817 us patent 466817 woodward elmer e. orange sizer issued 1892 01 12 u.s. patent 497 903 us patent 497903 woodward elmer e. adjustable nozzle issued 1893 05 23 assigned to james leffel & company u.s. patent 583 527 us patent 583527 woodward amos w. & woodward elmer e. governor for water wheels issued 1897 06 01 u.s. patent 608 245 us patent 608245 woodward elmer e. governor for water wheels issued 1898 08 02 u.s. patent 679 353 us patent 679353 woodward elmer e. governor for water wheels issued 1901 07 30 u.s. patent 811 349 us patent 811349 woodward amos w. stove or furnace issued 1906 01 30 u.s. patent 979 329 us patent 979239 albertson robert ; woodward frank m. & woodward amos w. exhibitor issued 1910 12 20 u.s. patent 1 106 434 us patent 1106434 woodward elmer e. speed regulator issued 1914 08 11 u.s. patent 2 039 507 us patent 2039507 woodward elmer e. diesel engine governor issued 1936 05 05 assigned to woodward governor company gb patent 470284 woodward elmer e. automatic governor control for controllable pitch propeller issued 1937 08 12 assigned to woodward governor company u.s. patent 2 204 640 us patent 2204640 woodward elmer e. governor mechanism issued 1940 06 18 assigned to woodward governor company u.s. patent 2 273 408 us patent 2273408 woodward elmer e. & woodward walter t. speed regulating system issued 1942 02 17 assigned to woodward governor company retrieved from https en.wikipedia.org w index.php title woodward inc. & oldid 741950170 categories companies established in 1870manufacturing companies based in coloradoenergy companies of the united statescompanies listed on nasdaqhidden categories articles needing additional references from august 2008all articles needing additional referencescoordinates on wikidataall articles with unsourced statementsarticles with unsourced statements from february 2007pages using div col with small parameter navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages edit links this page was last modified on 30 september 2016 at 18 22 . text is available under the creative commons attribution sharealike license ; 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