Woodward, Inc. has shaped the industrial and aerospace landscape with its pioneering spirit and commitment to solving complex challenges. Founded in 1870 by Amos Woodward in Loves Park, Illinois, the company began as the Woodward Governor Company. Amos Woodward’s invention of a superior water wheel governor marked the start of a tradition of engineering excellence. This innovation not only improved efficiency but also set the stage for Woodward’s future advancements.
Innovation Through Generations
In 1934, a significant milestone emerged when Amos Woodward’s son, Elmer, patented the first successful aircraft propeller governor. This invention was a crucial development for aviation, enhancing the performance and safety of aircraft. Elmer’s work demonstrated Woodward’s ability to innovate in new and emerging fields. By continuously pushing the boundaries of technology, Woodward established itself as a leader in both aerospace and industrial applications.
A Revolutionary Business Structure
The company’s evolution didn’t stop with technological advancements. In a move that was ahead of its time, Irl Martin, Amos’ son-in-law and the third chairman of Woodward, introduced the Corporate Partnership. This innovative business structure involved all company members in its success. By fostering a culture of collaboration and shared goals, Martin ensured that every employee was invested in the company’s growth and achievements. This approach not only motivated the workforce but also contributed to Woodward’s sustained success.
A Culture of Collaboration and Excellence
For nearly 150 years, Woodward has thrived on its unwavering commitment to solving challenges and driving progress. The company’s culture of collaboration and its deep technical expertise have been instrumental in its ability to innovate. Woodward’s approach involves closely working with customers to understand their needs and develop solutions that address their specific challenges. This customer-centric mindset is a cornerstone of Woodward’s strategy, ensuring that the products and systems they create are highly effective and reliable.
Transformative Technology and Future Prospects
Today, Woodward continues to lead the way in controlling energy for aerospace and industrial applications. Their products play a critical role in various technologies that drive progress and change the world. By maintaining a focus on innovation and problem-solving, Woodward remains at the forefront of the industry. Their systems are integral to the technology that shapes the future, demonstrating the company’s ongoing commitment to excellence and advancement.