WGOV Woodward Governor Company (MM)

Woodward Governor Company (NASDAQ: WGOV) today announced the US Marine Corps Systems Command (USMC) awarded the Improved Loader Weapon Station (ILWS) contract to Woodward HRT, Inc. (WHRT), a subsidiary of Woodward and part of its Airframe Systems business segment.

The contract award covers initial orders and options for up to 457 systems.

"This is a significant win and will position us to pursue a large and growing domestic and international market for remote weapon systems," said Dennis Benning, Woodward President, Airframe Systems.

The ILWS is a Remote Weapon Station (RWS) for the USMC's M1A1 main battle tank machine guns. It mounts on the tank's exterior and allows an operator to remotely control target selection, aiming and firing while safely inside the tank.

The fully integrated system consists of an electrically driven gun turret, a day and night thermal imager, full color display monitor, and operator control handles. Woodward markets its RWS system under the trade name Small Caliber Ultra-Light or SCUL™ with options for various weapons, stabilization and control software. Woodward's RWS is a compact and affordable solution providing optimal soldier protection while improving day and night war fighting capabilities.

Work will be conducted at WHRT's development and production facility in Santa Clarita, CA. WHRT is the leader in control actuation systems for tactical weapons and turret control and stabilization systems. It has been the sole supplier of the M1Abrams tank turret control system since its initial development in the 1970s. Woodward HRT offers turret control systems and products for a variety of land and air vehicle applications, and is a principal supplier of guided weapon controls to US prime contractors.

About Woodward

Woodward is an independent designer, manufacturer, and service provider of energy control and optimization solutions used in global infrastructure equipment. We serve the aerospace and defense, power generation and distribution, and transportation markets. Our systems and components optimize the performance of commercial aircraft; military aircraft, ground vehicles and other equipment; gas and steam turbines; wind turbines; reciprocating engines; and electrical power systems. The company's innovative fluid energy, combustion control, electrical energy, and motion control systems help customers offer cleaner, more reliable and more cost-effective equipment. Our customers include leading original equipment manufacturers and end users of their products. Woodward is headquartered in Fort Collins, Colo., USA. Visit our website at www.woodward.com.

The statements in this release concerning the company's future sales, earnings, business performance, prospects, and the economy in general reflect current expectations and are forward-looking statements that involve risks and uncertainties. These forward-looking statements include but are not limited to the company's expectation that the award of the ILWS contract to WHRT represents a significant win and will position us to pursue a large and growing domestic and international market for remote weapon systems. Actual results could differ materially from projections or any other forward-looking statement and we have no obligation to update our forward-looking statements. Factors that could affect performance and could cause actual results to differ materially from projections and forward-looking statements are described in Woodward's Annual Report and Form 10-K for the year ended September 30, 2009 and any subsequently filed Form 10-Q.

CONTACT: Rose Briani-Burden Business Communications 815-639-6282 Woodward Governor Company 1000 East Drake Road Fort Collins, Colorado 80525, USA Tel: 970-482-5811 Fax: 970-498-3058