Fort Collins company to help design aircraft engines

FORT COLLINS, Colo. (AP) - A Fort Collins company says it has launched a joint venture with General Electric Aviation to help design and develop fuel systems for GE’s large commercial aircraft engine lines.

According to BizWest (https://tinyurl.com/kce48d7 ), Woodward Inc. says the company will get $250 million from GE for the project.

Woodward chairman and CEO Thomas Gendron says the deal will provide a return of capital to shareholders.

Fort Collins-based Woodward makes components and control system solutions geared toward energy efficiency for the aerospace and energy industries.

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Information from: Biz West Media, https://bcbr.com