Woodward to Sell Gas Turbine Combustion Parts Business to GE Vernova
WWDWoodward(WWD) ZACKS·2024-11-19 22:31

Woodward, Inc. (WWD) recently inked a definitive agreement to sell its heavy-duty gas turbines combustion parts business, based in Greenville, SC, to GE Vernova (GEV) . The deal marks a significant development in the energy and aerospace sectors, aiming to bolster GE Vernova’s operational capabilities while enabling Woodward to focus on its core growth areas. The transition aims to strengthen GE Vernova’s supply chain, ensuring it is well-equipped to meet the increasing global demand for gas turbine upgrade ...