Item 7.01 Regulation FD Disclosure.

Woodward Governor Company (Nasdaq:WGOV) and MPC Products Corporation (now doing business as Woodward MPC), a wholly owned subsidiary acquired by Woodward in October 2008 ("MPC"), have entered into an administrative agreement with the U.S. Department of Defense (the "DOD"). The administrative agreement is related to the previously announced investigation by the U.S. Department of Justice (the "DOJ") of MPC's pre-June 2005 government contract pricing practices. The administrative agreement lifts the previously announced government contracts suspension of MPC, which began on July 8, 2009, and permits MPC to again bid, receive and perform on U.S. government contracts. The three-year administrative agreement requires, among other things, that Woodward and its affiliates, including MPC, implement certain enhancements to existing ethics and compliance programs and make periodic reports to the DOD.

Forward-Looking Statements

Information in this Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, including, but not limited to, statements regarding the lifting of the temporary suspension. Readers are cautioned that these forward-looking statements are only predictions and are subject to risks, uncertainties, and assumptions that are difficult to predict. Factors that could cause actual results and the timing of certain events to differ materially from the forward-looking statements include, but are not limited to Woodward's ability to comply with the terms of the administrative agreement, Woodward's ability to implement compliance programs that prevent or detect noncompliance with applicable laws and other risk factors described in Woodward's Annual Report on Form 10-K for the year ended September 30, 2008 and subsequently filed Quarterly Reports on Form 10-Q.

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