MRO & Manufacturing
Woodward Inc $200 Million Aerospace Investment in South Carolina
Woodward Inc. invests $200 million in a new South Carolina aerospace facility, creating 275 jobs and supporting Airbus A350 production.
Woodward Inc.’s Strategic $200 Million Aerospace Investment in South Carolina: A Comprehensive Analysis of Industrial Expansion and Regional Economic Impact
Woodward Inc.’s announcement of a nearly $200 million investment to establish a new aerospace manufacturing facility in Spartanburg County, South Carolina represents a significant milestone in both the company’s expansion strategy and the state’s continued emergence as a major aerospace manufacturing hub. The investment will create a 300,000-square-foot precision manufacturing facility within Smith Farms Industrial Park in Greer, generating approximately 275 high-quality jobs with operations expected to commence in 2027. This strategic expansion positions Woodward to meet growing demand for servo-hydraulic actuation systems used in aircraft flight control, with initial production focused on spoiler actuation systems for the Airbus A350 aircraft.
The project illustrates the convergence of global aerospace market trends, advanced manufacturing innovation, and targeted economic development initiatives. South Carolina, already home to major aerospace manufacturers and suppliers, continues to attract high-technology investment, reinforcing its status as a leading state for aerospace production. Woodward’s expansion is expected to deliver sustained economic, technological, and workforce development benefits for the region.
Historical Context and Company Background
Woodward Inc. traces its roots to 1870, when Amos Woodward founded the company with the invention of an improved governor for waterwheels. Over the next 150 years, Woodward evolved from a mechanical controls manufacturer to a global leader in energy control solutions for aerospace and industrial markets. Its innovations in diesel engine controls, propeller governors, and turbojet engine components positioned it as a key supplier to major aviation manufacturers during the 20th century.
Today, Woodward operates more than 40 locations in 13 countries, employing thousands across the United States and internationally. Its dual-segment business model, encompassing Aerospace and Industrial divisions, enables the company to serve diverse markets, from aircraft propulsion and flight control to power generation and industrial engines.
The company’s reputation for engineering excellence and quality control has made it a trusted partner for virtually all major jet engine and airframe manufacturers, including Boeing, Airbus, and GE Aerospace. Woodward’s long-standing presence in the aerospace supply chain is a testament to its ability to adapt to evolving industry demands and technologies.
South Carolina’s Aerospace Industry Emergence
South Carolina’s transformation into an aerospace powerhouse began in earnest with Boeing’s decision in 2009 to locate its final assembly and delivery facility for the 787 Dreamliner in North Charleston. This move catalyzed the growth of a statewide aerospace cluster, attracting suppliers and related businesses to the region.
According to state economic reports, South Carolina’s aerospace sector now generates over $28 billion in economic impact. Employment in aerospace has grown substantially, with Boeing alone credited for creating thousands of jobs and boosting wages across the state. The presence of companies like Lockheed Martin, GKN Aerostructures, and now Woodward further solidifies the state’s reputation as an aerospace manufacturing leader.
Key factors driving industry growth include a skilled workforce, robust transportation infrastructure, and supportive state policies. The state’s technical colleges and universities have developed specialized programs to prepare workers for high-skill aerospace roles, helping to ensure a steady pipeline of talent for new and expanding manufacturers.
Investment Details and Facility Specifications
The new Woodward facility will be located in Smith Farms Industrial Park in Greer, Spartanburg County. The 300,000-square-foot plant is designed for advanced manufacturing, emphasizing automation, vertical integration, and scalable production capacity. Its strategic location provides access to major highways, airports, and ports, facilitating efficient supply chain operations and global distribution.
The facility will initially focus on producing servo-hydraulic actuation systems for the Airbus A350’s spoiler controls. These systems are critical for aircraft flight performance and safety, requiring precise engineering and rigorous quality standards. Woodward’s expertise in this domain, combined with its strong relationship with Airbus, positions the new plant as a cornerstone of the company’s aerospace growth strategy.
With 275 jobs expected by 2027, the facility will offer opportunities in manufacturing, engineering, and business operations. The site is also designed for future expansion, enabling Woodward to respond to increasing demand or diversify into additional aerospace applications as market conditions evolve.
“When global companies like Woodward decide to invest in South Carolina, it further solidifies South Carolina’s impressive reputation in the manufacturing industry.”, Governor Henry McMaster
Economic Development Incentives and Regional Support
Woodward’s investment is supported by a package of state and local incentives. The South Carolina Coordinating Council for Economic Development approved job development credits and a $1.75 million Closing Fund grant to assist with site preparation and construction. These incentives reflect the state’s commitment to attracting and retaining high-value manufacturing operations.
Spartanburg County officials have emphasized the importance of the investment for local economic development, highlighting the potential for high-wage job creation and long-term community benefits. The region’s existing aerospace workforce, educational institutions, and pro-business environment provide a strong foundation for Woodward’s success.
South Carolina’s broader economic development results for 2024 underscore its attractiveness for industrial investment, with billions in new capital investment and thousands of jobs announced statewide. The Woodward project aligns with state strategies to grow advanced manufacturing and technology sectors.
Financial Performance and Market Position
Woodward’s robust financial performance provides a strong foundation for its expansion. In fiscal year 2024, the company reported record sales of $3.32 billion, a 14% increase from the previous year. Aerospace division sales reached $2.03 billion, reflecting the strength of its core markets and customer relationships.
Net earnings rose to $372.97 million, up over 60% year-over-year, while operating cash flow and free cash flow also saw double-digit increases. This financial strength enables Woodward to invest in new facilities, technology, and workforce development without compromising operational stability.
The company’s market capitalization and consistent growth have reinforced investor confidence. With a backlog of over 17,000 new aircraft orders in the global industry, Woodward’s expanded manufacturing capacity in South Carolina is well-timed to capture new business and support customer needs.
“Woodward, Inc. is a global leader whose investment in Spartanburg County will increase our presence in the aerospace industry and will provide meaningful economic-advancement opportunity for the people of our county.”, Manning Lynch, Spartanburg County Council Chairman
Airbus Partnership and Industry Opportunities
The South Carolina facility will play a crucial role in Woodward’s partnership with Airbus, specifically supporting the production of spoiler actuation systems for the A350. This agreement covers actuation systems for 12 of the 14 spoilers on each aircraft, as well as maintenance and repair services for Airbus and its airline customers.
The A350 is a flagship long-range widebody aircraft with a strong order backlog, ensuring ongoing demand for high-quality components. Woodward’s ability to deliver reliable, safety-critical systems has been instrumental in securing this partnership, which is expected to generate recurring revenue through both initial production and long-term service contracts.
The facility’s advanced manufacturing capabilities will position Woodward to pursue additional opportunities with Airbus and other major aircraft manufacturers, especially as demand for new aircraft and replacement components continues to rise globally.
Aerospace Market Dynamics and Supply Chain Trends
The aircraft actuators market is projected to grow significantly over the next decade, driven by increasing aircraft production rates, rising air travel demand, and the adoption of more electric and efficient flight control systems. Industry forecasts suggest the global market could exceed $32 billion by 2034, with the U.S. market alone reaching over $8 billion.
Woodward’s focus on servo-hydraulic and electro-hydraulic systems aligns with these trends, as manufacturers seek lighter, more reliable, and efficient components. The company’s history of innovation and quality assurance provides a competitive edge in meeting the stringent requirements of aerospace customers.
Despite strong market growth, the aerospace supply chain faces challenges such as skilled labor shortages, supply disruptions, and input cost pressures. Woodward’s scale, financial health, and investment in advanced manufacturing are expected to help mitigate these risks and ensure reliable delivery for its customers.
“The facility’s design will emphasize vertical integration and advanced automation, similar to Woodward’s existing Rock Cut campus in Illinois.”, Industry Analysis
Regional Economic Impact and Workforce Development
The 275 jobs created by Woodward’s new facility will provide significant economic benefits for Spartanburg County and the broader Upstate region. Aerospace jobs in South Carolina typically offer above-average wages, with some reports indicating a 70% premium over regional averages. This wage advantage, combined with opportunities for skilled technical and engineering roles, supports upward mobility and long-term community prosperity.
The region’s educational institutions and workforce development programs are well-positioned to supply the talent needed for Woodward’s operations. Partnerships with technical colleges, universities, and industry groups will facilitate training, recruitment, and career advancement for local workers.
The investment also supports regional economic diversification, reducing reliance on any single industry and enhancing the resilience of the local economy. As Woodward ramps up operations, additional indirect jobs and business opportunities are likely to emerge in supply chain, logistics, and support services.
Operational Excellence and Manufacturing Innovation
Woodward’s approach to manufacturing emphasizes quality, efficiency, and continuous improvement. The new South Carolina plant will incorporate lessons from the company’s award-winning Rock Cut facility in Illinois, which features advanced automation, visual factory concepts, and flexible layouts to maximize productivity.
Every aerospace component produced by Woodward undergoes rigorous testing to ensure reliability and safety. This commitment to quality is essential in an industry where component failure can have serious consequences. The company’s culture of operational excellence has been recognized by customers and industry peers alike.
As the aerospace sector evolves toward more electric and sustainable aviation technologies, Woodward’s ongoing investment in research, development, and manufacturing innovation will be critical to maintaining its leadership position.
Conclusion
Woodward Inc.’s $200 million investment in Spartanburg County marks a significant milestone for both the company and South Carolina’s aerospace industry. By establishing a state-of-the-art facility focused on critical flight control systems, Woodward is poised to support growing global demand, strengthen its partnership with Airbus, and contribute to regional economic development.
As operations begin in 2027, the facility will serve as a model for advanced manufacturing and workforce development in the aerospace sector. The project underscores the importance of strategic investment, public-private partnerships, and innovation in sustaining industrial growth and competitiveness in the years ahead.
FAQ
What will Woodward manufacture at the new Spartanburg facility?
The facility will produce servo-hydraulic actuation systems, initially focused on spoiler actuation systems for the Airbus A350 aircraft.
How many jobs will the new plant create?
The project is expected to create approximately 275 jobs by 2027, with roles in manufacturing, engineering, and business operations.
Why did Woodward choose South Carolina for this investment?
South Carolina offers a skilled workforce, strong transportation infrastructure, and a supportive business environment, making it an attractive location for aerospace manufacturing.
What economic incentives are involved?
The project is supported by state and local incentives, including job development credits and a $1.75 million grant for site preparation and construction.
When will the facility begin operations?
Operations are expected to commence in 2027.
Sources
Photo Credit: Woodward
MRO & Manufacturing
Baxter Aerospace Invests $19.55M in Utah Manufacturing Facility
Baxter Aerospace expands into Washington County, Utah with a $19.55M facility to scale UAS and satellite comms production.
Baxter Aerospace will invest $19.55 million to lease and equip a new manufacturing facility in Washington County, Utah, transitioning its unmanned aircraft and communications systems from prototype development into full-scale production.
The expansion, announced in an October 8, 2026, press release by the Utah Governor’s Office of Economic Development (GOED), is projected to create 90 high-paying jobs over the next five years while strengthening the state’s aerospace and defense industrial base.
Transitioning to full-scale production
The new facility in Washington City will feature high-capacity infrastructure, specialized testing spaces, and security systems. This site is designed to support mission-critical work across aerospace, defense, satellite communications, autonomous aircraft, and public safety.
Baxter Aerospace CEO Jeff Baxter stated that expanding in southern Utah allows the company to increase manufacturing capacity and support growing customer needs. He noted the company is prepared to help shape the region’s aerospace future.
The project is backed by a Rural Economic Development Tax Increment Financing (REDTIF) post-performance tax credit approved by the GOED. Under the agreement, Baxter Aerospace can earn a rebate of up to 30% on new state revenues generated over the five-year term, capped at $456,939.
State officials project the expansion will generate $20,758,160 in new state wages and $1,523,131 in new state tax revenue during that period. GOED Commissioner Jefferson Moss noted that the investment signals Utah’s economic future is fueled by frontier innovation. Washington County Commissioner Adam Snow added that the expansion connects local talent with emerging aerospace opportunities.
Scaling the BA-1 Dragonfly and defense portfolio
The manufacturing expansion follows a period of steady growth for the St. George-based defense and aerospace innovator. Brothers Jeff and Michael Baxter founded the company in 2015 following a severe Oregon wildfire, focusing their initial efforts on real-time sensing, resilient communications, and autonomous systems for emergency response and defense applications.
The company’s flagship aerospace product is the BA-1 Dragonfly. The Dragonfly is a Group 3 vertical takeoff and landing (eVTOL) unmanned aircraft system designed for intelligence, surveillance, and reconnaissance (ISR) missions, featuring over 12 hours of endurance.
Alongside the BA-1 Dragonfly, Baxter Aerospace produces deployable broadband satellite communications kits that utilize low Earth orbit (LEO) networks. The company also manufactures precision components for the fusion and nuclear energy sectors.
To support the scaling of these product lines, Baxter Aerospace secured a $6 million Series A funding round in July 2025. The capital was raised from the Department of Defense (DoD) Accelerator fund, managed by Accuidity Capital Management, specifically to accelerate production of the Dragonfly system and the deployable communications kits. The new Washington County facility represents the physical infrastructure required to execute that production scale-up between late 2026 and 2031.
Photo Credit: Utah Governor’s Office of Economic Development
MRO & Manufacturing
IAI 777-300ERSF P2F Conversions Launch in North America
The first Boeing 777-300ER for P2F conversion in North America arrives at Ascent Aviation Services in Marana, Arizona.
The first Boeing 777-300ER slated for passenger-to-freighter (P2F) conversion in North America arrived at Ascent Aviation Services in Marana, Arizona, on October 22, 2026. The induction marks the regional launch of the Israel Aerospace Industries (IAI) modification program for the widebody twinjet.
The arrival of the World Star Aviation aircraft initiates operations at a newly expanded site designed to increase global capacity for the Boeing 777-300ERSF program, according to a joint press release issued by the companies.
Expanding global conversion capacity
Ascent Aviation Services, an independent aircraft aftermarket service provider and Federal Aviation Administration (FAA) Class IV Part 145 certified repair station, will operate two parallel conversion lines at its Pinal Air Park campus. To accommodate the Boeing 777-300ERSF program, the company invested $70 million to construct two 90,000-square-foot widebody hangars. Ascent broke ground on the facilities on March 29, 2024, effectively tripling the site’s hangar capacity.
“The launch of Boeing 777-300ERSF conversions in North America marks an important milestone for IAI’s global conversion program,” Yaacov Berkovitz, executive vice president and general manager of IAI Aviation Group, stated in the release. “Together with Ascent Aviation Services, we are expanding production capacity and bringing our conversion capabilities closer to customers in the region.”
Ascent Aviation Services chief executive officer David Querio noted that the induction represents the beginning of a long-term partnership with IAI, with multiple Boeing 777-300ERSF conversions planned for the Marana site.
“Our vision is to shape the future of aviation by turning engineering innovation into lasting value for our customers,” IAI president and chief executive officer Guy Bar Lev added. “Passenger-to-freighter conversions are a key part of that vision, extending the productive life of aircraft and helping airlines adapt to changing market needs.”
World Star Aviation’s fleet strategy
The inaugural aircraft belongs to World Star Aviation, a full-service aircraft and engine lessor headquartered in London. The company specializes in mid-to-late life assets and manages a portfolio of approximately 150 aircraft and engines. This includes 60 narrowbody and widebody freighters currently on lease to cargo operators globally.
World Star Aviation partner Yoyo Allalouf cited the strength of the IAI program during a critical period for widebody passenger-to-freighter production as the primary driver for their selection.
“IAI’s dominance in the widebody P2F space, demonstrated by its Boeing 747 and 767 programs, together with our long-standing relationship, underpinned our decision to choose IAI for the 777-300ERSF,” added Garreth Slevin, partner at World Star Aviation.
The rise of the “Big Twin” freighter
The Boeing 777-300ERSF program, marketed as “The Big Twin,” launched on October 22, 2019, as a joint venture between IAI and GECAS, which was subsequently acquired by AerCap. It remains the only certified P2F conversion program for the Boeing 777-300ER.
The converted freighter offers 25 percent more cargo volume than a production Boeing 777-200LRF and 15 percent more volume than a Boeing 747-400BCF. This capacity positions the aircraft as a direct replacement for aging Boeing 747-400 and McDonnell Douglas MD-11 freighter fleets.
IAI brings over 50 years of experience to the program, having delivered more than 350 converted cargo aircraft across Boeing 747, 767, 737, and Airbus A330 platforms. The company currently holds a dominant market share in medium-size freighter conversions, particularly with the Boeing 767.
The 777-300ERSF recently transitioned from certification into commercial service. In August 2026, Challenge Group took delivery of its second 777-300ERSF, which marked the fifth redelivery of the type across the industry for the year.
AirPro News analysis
We view the activation of the Marana conversion lines as a critical step in maturing the Boeing 777-300ERSF program. By establishing a North American footprint, IAI mitigates geographic bottlenecks and provides operators with a domestic option for heavy modifications. The $70 million infrastructure investment by Ascent Aviation Services indicates strong long-term confidence in the widebody conversion market, even as the air cargo sector normalizes following pandemic-era peaks. As legacy quad-engine and tri-engine freighters approach mandatory retirement or become economically unviable, the availability of parallel conversion lines in the United States ensures IAI can capture a significant share of the impending widebody replacement cycle.
Photo Credit: IAI
MRO & Manufacturing
Cirrus Aircraft Breaks Ground on $8M Engine Run-Up Center
Cirrus Aircraft begins construction on a 15,000-sq-ft Engine Run-Up Center in Duluth, MN, set to open summer 2027.
Cirrus Aircraft has commenced construction on an $8 million, 15,000-square-foot Engine Run-Up Center in Duluth, Minnesota, moving critical engine testing and fuel calibration processes into a year-round, climate-controlled environment.
The new facility, detailed in a company press release on October 23, 2026, is designed to support the certification process for the SR Series, Vision Jet, and TRAC10 aircraft while reducing noise at the surrounding airport.
Centralizing certification operations
The Engine Run-Up Center will consolidate several final-phase manufacturing steps into a single enclosed building. The facility will house two calibration stalls dedicated to engine setup and testing, utilizing an 8-foot exhaust collector to ventilate the spaces. A separate climate-controlled control room will allow technicians to conduct data analysis during the testing phase.
In addition to the testing stalls, the building will include two stalls specifically engineered for fueling and defueling aircraft. These areas incorporate specialized fire protection systems and are designed to meet requirements for handling flammable fluids.
Cirrus Chief Executive Officer Zean Nielsen stated that engine run-ups and fuel system calibration are essential processes across aircraft manufacturing. He noted that the modern facility will allow the company to streamline these critical operations, improve efficiency, and provide team members with a dedicated environment to perform the work.
Expanding the Duluth manufacturing footprint
The new testing center adds to an existing corporate footprint that exceeds 1.3 million square feet. The majority of this infrastructure is located in Duluth, which serves as the primary production hub for the manufacturer.
Founded in 1984 and now publicly traded on the Hong Kong Stock Exchange, Cirrus has manufactured more than 12,000 SR Series piston aircraft and Vision Jets to date. The groundbreaking follows closely on a major program milestone for the company. On October 21, 2026, Cirrus celebrated the 10-year anniversary of Federal Aviation Administration (FAA) type certification for the Vision Jet, the first single-engine personal jet to reach the market.
Patrick Waddick, President of Innovation & Operations at Cirrus, highlighted the scale of the company’s historical output in Duluth. He noted that the new facility expands a footprint where the company has produced its entire fleet of over 12,000 aircraft, adding that the manufacturer has spent decades challenging conventions through innovations that transform personal aviation.
Project timeline and operational impact
Construction on the Engine Run-Up Center is underway, with the facility expected to open and become fully operational by the summer of 2027. By moving engine testing indoors, the company anticipates a reduction in noise levels for the surrounding airport environment, a common challenge for manufacturers conducting high-power engine runs on open ramps.
The $8 million investment reflects broader efforts by the airframer to scale production capabilities in response to market requirements. Nielsen indicated that as the company continues to grow, investments in manufacturing infrastructure position Cirrus to meet customer demand while maintaining high standards of quality and safety.
Photo Credit: Cirrus Aircraft
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