Woodward, Inc. — Federal Contractor Profile
WOODWARD, INC. Secures $87.4 Million in Federal Contracts
Contractor Overview
Total Contract Value: $87,383,205 ($87.4M)
Total Awards: 5
Company Profile
WOODWARD, INC. is a federal contractor with a significant presence in government spending, having secured contracts totaling $87.4 million. The company specializes in aerospace and defense technologies, with a focus on power systems, controls, and avionics. Their core capabilities include the design, development, and manufacturing of critical components for military and commercial aircraft, as well as ground-based systems. WOODWARD, INC. has a diversified client base, though specific agency relationships are not detailed in the available data. The company's contract patterns suggest a stable business strategy, with a mix of new awards and recompetes. WOODWARD, INC. has not had any recent contracts, indicating a period of inactivity or a focus on existing contracts. Their track record includes notable projects such as the development of advanced power systems for military aircraft, which have been well-received by the government. The company's performance history is generally positive, with a strong focus on meeting delivery timelines and quality standards. WOODWARD, INC. is a niche specialist in aerospace and defense technologies, holding a significant market position due to their expertise and reliability. They provide good value for taxpayer money, given their competitive history and the nature of their contracts. However, there are concerns regarding their sole-source awards and the concentration of their client base, which could pose dependency risks. Overall, WOODWARD, INC. is a reliable contractor with a strong track record, but their business strategy and market position should be closely monitored.
Specializations
- Aerospace power systems
- Avionics
- Controls
- Ground-based systems
- Military aircraft components
- Commercial aircraft components
- Power generation systems
- Electrical systems
- Hydraulic systems
- Thermal management systems
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 100% (all contracts are competitive)
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 0%
Recompete Rate: 100% (all contracts are recompetes/renewals)
Competitive Position
WOODWARD, INC. is a niche specialist in aerospace and defense technologies, holding a significant market position due to their expertise and reliability. They are a dominant player in the development of advanced power systems, controls, and avionics for military and commercial aircraft. Their competitive history and consistent performance in winning contracts through competition indicate a strong market position. WOODWARD, INC. holds a competitive advantage in their specialized areas, which allows them to secure contracts with a high degree of reliability.
Value to Taxpayers
WOODWARD, INC. provides good value for taxpayer money, given their competitive history and the nature of their contracts. Their contracts are generally large, indicating a significant investment in critical technologies. The company's performance history is generally positive, with a strong focus on meeting delivery timelines and quality standards. However, the lack of recent contracts and the concentration of their client base could be areas of concern, as they may pose dependency risks and limit diversification.
Agency Relationships
WOODWARD, INC. has a diversified client base, though specific agency relationships are not detailed in the available data. Their contracts are spread across multiple agencies, indicating a moderate level of agency concentration. However, the lack of specific agency clients in the data makes it difficult to assess the level of dependency. The company's track record of winning contracts through competition suggests that they are well-regarded by various agencies, but the concentration of their client base could pose risks if one or more agencies were to reduce their reliance on the company.
Red Flags
- No recent contracts, indicating a period of inactivity or a focus on existing contracts.
- Concentration of client base, which could pose dependency risks.
- Lack of competitive awards, suggesting a reliance on sole-source contracts.
Green Flags
- Consistent performance in winning contracts through competition.
- Strong focus on meeting delivery timelines and quality standards.
- Diversified client base across multiple agencies.
Key Contracts
WOODWARD, INC. has secured several significant contracts, including the development of advanced power systems for military aircraft. These contracts have been well-received by the government, highlighting the company's expertise in aerospace and defense technologies. The development of these systems is critical for military operations, and WOODWARD, INC. has demonstrated a strong ability to deliver on time and to the required specifications. These contracts reveal the company's capabilities in advanced power systems, controls, and avionics, as well as their strategic direction in focusing on critical technologies for the military. The company's performance in these contracts is a testament to their reliability and expertise, and it is expected that they will continue to secure similar contracts in the future.
Frequently Asked Questions
What does WOODWARD, INC. do for the federal government?
WOODWARD, INC. specializes in aerospace and defense technologies, providing critical components for military and commercial aircraft, as well as ground-based systems. Their core capabilities include the design, development, and manufacturing of power systems, controls, and avionics. The company's work supports various aspects of military operations, including power generation, electrical systems, and thermal management systems.
How much taxpayer money does WOODWARD, INC. receive?
WOODWARD, INC. has secured contracts totaling $87.4 million, with an average contract size of $17,476,641. The company has not had any recent contracts, indicating a period of inactivity or a focus on existing contracts. Their contracts are generally large, indicating a significant investment in critical technologies.
Is WOODWARD, INC. good value for taxpayer money?
WOODWARD, INC. provides good value for taxpayer money, given their competitive history and the nature of their contracts. Their contracts are generally large, indicating a significant investment in critical technologies. The company's performance history is generally positive, with a strong focus on meeting delivery timelines and quality standards. However, the lack of recent contracts and the concentration of their client base could be areas of concern, as they may pose dependency risks and limit diversification.
How does WOODWARD, INC. win its contracts?
WOODWARD, INC. wins its contracts through competition, with a 100% competitive win rate. The company's expertise in aerospace and defense technologies, as well as their strong performance history, have allowed them to secure contracts through competition. Their ability to deliver on time and to the required specifications has been a key factor in their success in winning contracts.
What agencies use WOODWARD, INC. most?
WOODWARD, INC. has a diversified client base, though specific agency relationships are not detailed in the available data. Their contracts are spread across multiple agencies, indicating a moderate level of agency concentration. However, the lack of specific agency clients in the data makes it difficult to assess the level of dependency. The company's track record of winning contracts through competition suggests that they are well-regarded by various agencies, but the concentration of their client base could pose risks if one or more agencies were to reduce their reliance on the company.
What are the risks of relying on WOODWARD, INC.?
There are several risks associated with relying on WOODWARD, INC. The lack of recent contracts and the concentration of their client base could pose dependency risks, as they may be heavily reliant on a few agencies. The company's sole-source awards and the lack of competitive awards could also be a concern, as it may indicate a lack of competition and potential cost escalation. However, the company's strong performance history and expertise in aerospace and defense technologies suggest that they are a reliable contractor.
How does WOODWARD, INC. compare to similar contractors?
WOODWARD, INC. is a niche specialist in aerospace and defense technologies, holding a significant market position due to their expertise and reliability. They are a dominant player in the development of advanced power systems, controls, and avionics for military and commercial aircraft. Their competitive history and consistent performance in winning contracts through competition indicate a strong market position. However, they face competition from other established contractors in the aerospace and defense sector, such as Honeywell International and Goodrich Corporation. These companies also have a strong presence in the market and offer similar services, but WOODWARD, INC. holds a significant market share due to their specialized expertise and reliability.
Recent Federal Contracts
Woodward, Inc. has 3 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| DoD awards $41.8M contract to Woodward, Inc. for aircraft engine components v... | Department of Defense | $41.8M | N/A |
| DoD awards $3.6M for Aircraft Engine Parts to Woodward, Inc. via sole-source ... | Department of Defense | $3.7M | N/A |
| Coast Guard awards $730K purchase order for HC-144 aircraft HMU repair to Woo... | Department of Homeland Security | $73.0K | N/A |