Broadwind Awarded Strategic Order for Precision Components Supporting Power Generation

Rhea-AI Summary

Broadwind (BWEN) has secured its largest-ever order for precision machined gearing products in the power generation market. The company's Q1 2025 bookings from a leading natural gas turbine OEM have surpassed $2.0 million.

To capitalize on growing demand for electrical infrastructure components, Broadwind has enhanced its capabilities beyond traditional gearing through investments in advanced machining and expanded certifications, including ITAR, CMMC, and AS9100 for defense and aerospace applications.

CEO Eric Blashford highlighted that this significant order validates their strategic investments and positions the company for growth in the power generation market, representing a multi-year opportunity across all business units.

Positive

• Secured largest-ever order for precision machined gearing products
• Q1 2025 bookings exceed $2.0 million from leading OEM
• Obtained key certifications (ITAR, CMMC, AS9100) enabling defense/aerospace market access
• Multi-year growth opportunity across all business units

Negative

• None.

CICERO, Ill., April 02, 2025 (GLOBE NEWSWIRE) -- Broadwind (Nasdaq: BWEN, or the “Company”), a diversified precision manufacturer of specialized components and equipment serving global markets, today announced its largest order to date of precision machined gearing products for the power generation market. Including this latest order, bookings for products from this leading OEM of natural gas turbines exceed $2.0 million in the first quarter of 2025.

Increasing demand for products supporting our nation’s electrical infrastructure is driving strong interest in our precision manufactured components. In response, the Company strategically enhanced its ability to move beyond traditional gearing by investing in industry leading machining capabilities, expanding its quality certifications including International Traffic in Arms Regulations (ITAR), Cybersecurity Maturity Model Certification (CMMC) and the AS9100 registration required for defense and aerospace applications.

“This significant order with a leading OEM customer validates our strategy and recent investments,” stated Eric Blashford, President and CEO of Broadwind. “Through successful execution of this initial customer demand, we are well-positioned to grow in the overall power generation market, which represents a multi-year opportunity across all business units.”

ABOUT BROADWIND

Broadwind (Nasdaq: BWEN) is a precision manufacturer of structures, equipment and components for clean tech and other specialized applications. With facilities throughout the U.S., our talented team is committed to helping customers maximize performance of their investments—quicker, easier and smarter. Find out more at www.bwen.com.

IR CONTACT

Noel Ryan, IRC
BWEN@val-adv.com

FAQ

What is the value of Broadwind's (BWEN) Q1 2025 power generation orders?

Broadwind's Q1 2025 bookings from the natural gas turbine OEM exceeded $2.0 million.

What new certifications has Broadwind (BWEN) obtained for expansion?

Broadwind has obtained ITAR, CMMC, and AS9100 certifications for defense and aerospace applications.

How will the new power generation order impact Broadwind's (BWEN) future growth?

The order positions Broadwind for multi-year growth opportunities across all business units in the power generation market.

What strategic investments has Broadwind (BWEN) made in manufacturing?

Broadwind has invested in industry-leading machining capabilities and expanded quality certifications beyond traditional gearing.