Woodward $WWD Stock Downtrend Channel Breakout After Air Bus Deal

  • Post category:Stock Trading
  • Reading time:3 mins read
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Woodward $WWD stock is testing a downtrend channel breakout as of January 1, 2023. The stock is in a technical weak uptrend and has been strengthening since the deal was announced with Air Bus.

Woodward stock chart on January 1 2023 with downtrend channel breakout pattern and a positive MACD and a positive money flow
Woodward stock chart on January 1 2023 with downtrend channel breakout pattern and a positive MACD and a positive money flow

Woodward Selected by Airbus to Provide Balance of Plant Solution for ZEROe Fuel Cell Demonstrator Contributing to Zero-Emission Flight

For the ZEROe demonstrator, which aims to put a zero-emission aircraft into service by 2035, Woodward announced on December 5, 2022 that it will collaborate with Airbus to provide the Fuel Cell Balance of Plant (BoP) solution.

Woodward will support the ZEROe project, which aims to develop hydrogen-powered aircraft using cutting-edge design capabilities and fuel technologies. With a comprehensive set of monitoring and control tools for hydrogen fuel and air for the hydrogen fuel cell system, Woodward’s BoP will significantly contribute to the project.

“We’re pleased Airbus has decided to work with Woodward to provide component solutions to meet its high standards of safety, efficiency and performance for its ZEROe Fuel Cell demonstrator,” said Terry Voskuil, President, Woodward Aerospace. “The ZEROe project will provide important solutions in the portfolio for emission-free flying and will help fulfill the decarbonization goal. We’re very proud to be a part of it. Through our leading fuel cell technologies and our unsurpassed fuel component design capabilities, we’re committed to supporting Airbus in achieving its zero-emission ambition.”

The aerospace and industrial equipment markets rely on Woodward for the design, production, and support of their energy conversion and control solutions. We are paving the way for a cleaner, decarbonized world with the help of our clients. Our cutting-edge propulsion, combustion, electrical, and motion control systems function in some of the harshest environments on earth. Fort Collins, Colorado is home to the global headquarters of Woodward.

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