Pros
Company sells products and services that are very profitable to several large OEMs. As a result, the company is stable due this diversity. Also, once the companies products are specified on an OEM's engine, sales for the life of the program are guaranteed. This can last 10 years or longer.
Cons
As a result of this diversity and large profit margin, middle management and above are mostly interested in advancing themselves. They have little interest of leading and promoting on merit. If you show up to work at 7 AM, and everyone sees you, then you will have a long career no matter what you actually accomplish. No incentive for performance or innovation. Woodward management at all levels are concerned about their personal bonus and Wall Street performance rather than appropriate staffing and employee rewards. Conservative and old fashioned - but they can do this because they make large profits. And because the products and services are so profitable, it doesn't take a skilled manager to make performance metrics. They just need to get into the good old boys club.