Woodward, Inc. (NasdaqGS:WWD) is looking for acquisitions. Charles Blankenship, Chairman and Chief Executive Officer said, "So we are looking at that cash generation opportunity. And like we shared before, we're taking a balanced view on capital allocation.
You can see that we're inching up the -- the capital expenditure planning to take advantage of things that we believe are high return opportunities in automation and other margin expansion opportunities inside our factories and supply chain. And we're looking at all the other levers and capital allocation in a balanced way. We're very active in terms of looking for really outstanding strategic fits of companies to consider for acquisition opportunities, but we don't have anything specific to discuss at this time.
But we remain very active there to make sure that we can take advantage of high-return opportunities that are great fits with the company".
Woodward, Inc. is an independent designer, manufacturer, and service provider of control solutions for the aerospace and industrial markets. It operates through two segments: Aerospace and Industrial. Its Aerospace segment designs, manufactures, and services systems and products for the management of fuel, air, and combustion and motion control. These products include fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles, as well as flight deck controls, actuators, servocontrols, motors, and sensors. Its Industrial segment designs, produces, and services systems and products for the management of fuel, air, fluids, gases, motion, combustion, and electricity. These products include actuators, valves, pumps, fuel injection systems, solenoids, ignition systems, speed controls, electronics and software, and sensors. Its production facilities are in the United States, Europe, and Asia.
WOODWARD, INC. 
