Woodward, Inc. - Common Stock (WWD)
Competitors to Woodward, Inc. - Common Stock (WWD)
General Electric Company GE -11.10%
General Electric (GE) competes with Woodward in the industrial and energy sectors, notably in the production of jet engines, power systems, and renewable energy systems. GE's substantial resources, vast manufacturing capabilities, and historical presence in the market enable it to innovate rapidly and cater to a broad spectrum of energy and aviation needs. Woodward’s specialized focus on control technologies positions it differently, targeting efficiency and performance improvements, but GE's scale and integration across multiple market segments provide it with a significant competitive advantage.
Honeywell International Inc.
Honeywell and Woodward, Inc. compete primarily in the aerospace and defense sectors, providing advanced technologies and integrated systems for aircraft and industrial applications. Honeywell has a broader product portfolio, spanning multiple industries beyond aerospace, which gives it a substantial market presence and resources for research and development. While Woodward focuses on controls and energy systems, Honeywell's extensive expertise in automation and efficiency solutions allows it to leverage its scale and diverse offerings, often winning large contracts in both civilian and military sectors.
Parker Hannifin Corporation PH -7.09%
Parker Hannifin and Woodward, Inc. are competitors in the motion control and aerospace sectors. Parker Hannifin offers a wide range of technologies across different applications, including aerospace, hydraulics, and automation solutions. The company's diversified product range and its established presence in various industrial sectors allow it to leverage cross-selling opportunities better than Woodward, which focuses more on precision control systems for energy and aerospace applications. While Woodward excels in niche control systems, Parker's breadth of technology and industry applications may offer it an advantage in capturing broader market demand.
Rockwell Collins (now part of Collins Aerospace) RTX -9.81%
Rockwell Collins, now integrated into Collins Aerospace under Raytheon Technologies, competes with Woodward in the aerospace and defense technology space, offering avionics and communication systems alongside propulsion and engine control solutions. Collins Aerospace benefits from a comprehensive product line and a strong portfolio of integrated systems which enhances its market attractiveness to airframe manufacturers. While Woodward provides specialized products in engine control, Collins Aerospace's broader product offering across a wider range of aerospace systems gives it a competitive edge.
Safran S.A.
Safran and Woodward compete in the aerospace market, particularly in the production of aircraft engines and their components. Both companies have established strong relationships with major aircraft manufacturers. However, Safran's extensive experience in engine manufacturing and its partnerships with leading OEMs like Airbus and Boeing provide it with a competitive edge in growth opportunities. Woodward's niche focus on control systems for propulsion and energy might limit its market reach compared to Safran's broad capabilities in propulsion systems.