Woodward Schedules First Quarter Earnings Release and Conference Call

Woodward Governor Company (NASDAQ: WGOV) today announced it expects to report its first fiscal quarter earnings at approximately 4:00 p.m. EST on Wednesday, January 20, 2010. A news release will be issued at that time and an investor conference call will be held at 5:00 p.m. EST.

In the conference call, the company will provide an overview of its business highlights and financial performance. You are invited to listen to the call live via the company's website, www.woodward.com, on January 20. A webcast presentation will be available on the website by clicking the Investor Relations tab, then the Presentations/Conference Calls menu selection and associated webcast link. The call and presentation will remain accessible at the website for 14 days.

You may also listen to the call by dialing 1-866-793-1299 (domestic) or 1-703-639-1306 (international). Participants should call prior to the start time to allow for registration; the Conference ID is 1416455. An audio replay will be available by telephone from 8:00 p.m. EST on January 20 until 11:59 p.m. EST on January 22. The telephone number to access the replay is 1-888-266-2081 (domestic) or 1-703-925-2533 (international), reference access code 1416455.

About Woodward

Woodward is an independent designer, manufacturer, and service provider of energy control and optimization solutions used in global infrastructure equipment. We serve the aerospace and defense, power generation and distribution, and transportation markets. Our systems and components optimize the performance of commercial aircraft; military aircraft, ground vehicles and other equipment; gas and steam turbines; wind turbines; reciprocating engines; and electrical power systems. The company's innovative fluid and electrical energy and combustion and motion control systems help customers offer cleaner, more reliable and more cost-effective equipment. Our customers include leading original equipment manufacturers and end users of their products. Woodward is headquartered in Fort Collins, Colo., USA. Visit our website at www.woodward.com.

CONTACT:
Robert F. Weber, Jr.
Chief Financial Officer and Treasurer
970-498-3112
Woodward Governor Company
1000 East Drake Road
Fort Collins, Colorado 80525, USA
Tel: 970-482-5811
Fax: 970-498-3058


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