Woodward (WWD) Completes Safran’s Electromechanical Actuation Business

Woodward, Inc. (NASDAQ:WWD) is one of the best AI stocks to buy according to billionaire Stanley Druckenmiller. On July 22, the company confirmed the acquisition of Safran’s electromechanical actuation business.

Woodward (WWD) Completes Safran’s Electromechanical Actuation Business

A close-up of renewable energy turbines capturing the power of a windy sky.

With the acquisition, the company gains access to crucial intellectual property and long-term customer agreements related to Horizontal Stabilizer Trim Actuation (HSTA) systems. The systems play a crucial role in aircraft stabilization, ensuring safe and efficient flight operations.

The acquisition is poised to expand Woodward’s electromechanical actuation portfolio and become a key component of the company’s aerospace growth strategy. The acquisition comes as the company’s industrial segment is increasingly benefiting from rising power generation needed for artificial intelligence data centers.

Woodward, Inc. (NASDAQ:WWD) designs and manufactures energy conversion and control solutions. Its solutions are used in the aerospace and industrial markets, including power generation and renewable energy systems. As an energy conversion and control solutions powerhouse, it’s benefiting from the soaring demand for artificial intelligence data centers.

While we acknowledge the potential of WWD to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WWD and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.