Loading…
Welcome to Grand Junction and Techstars Startup Week - West Slope
avatar for Steve Wood

Steve Wood

formerly with CAPCO
Whitewater, CO
Shortly after obtaining his Aero Engineering degree, Mr. Wood began his professional career with Cessna Aircraft Co. in Wichita, KS, where he worked as a Test Engineer, Propulsion Engineer, and Design Engineer on numerous aircraft programs, including all single-engine piston-powered models as well as the model T-303 Crusader and the model 208 Caravan.
He left Cessna in 1983 and returned ‘home’ to western Colorado where he founded and operated Sport Flight Engineering Inc., an engineering consulting business providing services in all phases of aircraft design and development, including; preliminary design, layout design detail design, performance estimation, stability and control analysis, structural design & analysis, static testing and flight testing. Projects undertaken and developed by Sport Flight include ultralights, racers, aerobatic airplanes, several models of RANS Aircraft, and the Sherpa Aircraft bush plane.
While continuing to operate the engineering consulting business, Mr. Wood was hired by Capco, Inc. in Grand Junction, Colorado in 1985 to fill the position of Engineering Manager. In this capacity he directed all aspects of process, product and developmental engineering for the company. He served as President and CEO of Capco, Inc. beginning in 1993 and purchased controlling interest in the business in 1998. In 2015, Mr. Wood transacted a sale of the Capco business to financial investors. During the period of his leadership, Capco experienced tenfold growth in both revenue and profitability.
Capco’s primary business activities under Mr. Wood’s ownership and direction were as a prime contractor to the U.S. Army, Navy and Air Force. Capco developed and manufactured weapon systems, weapon mounting systems and mechanical, electromechanical and energetic devices and was the recipient of numerous quality and performance awards including Soldier’s Choice Award for 2005 and SBA Small Business of the Year in 2012. At the time of sale of the business in 2015, Capco employed 275 people and enjoyed an excellent reputation in all of its fields of endeavor by adherence to high self-expectations in operational excellence, integrity, attention to customer needs, innovative problem solving, and vertical integration of manufacture and development processes.
In 2010, Mr. Wood founded Spirit Engineering, Inc. for the purpose of development of a Light Sport Aircraft (LSA). Since the transaction of the Capco sale, Spirit Engineering is the focus of his business attention.
During his career, Mr. Wood has authored and presented papers and articles to the American Institute of Aeronautics and Astronautics (AIAA), Society of Automotive Engineers (SAE), Society of Weight Engineers (SWE) and the Experimental Aircraft Association (EAA). He has also served on several boards and supported STEM initiatives in the community.
Mr. Wood resides in rural Whitewater with his wife of 41 years, Margaret (Peg).  They have three, adult children and ten grandchildren.  Mr. Wood’s interests include: family, flying, aviation history, aircraft construction/restoration, fishing, hunting, animal training and acoustic music.  Mr. Wood does not play golf.