A two-stage servovalve comprising: a motor having a stator and a rotor having a rotor null position and configured and arranged to rotate about a motor axis under the effect of a magnetic field generated by said stator; a bias mechanism (20, 46) configured and arranged to bias said rotor to said rotor null position; a first stage valve having a first valve member movably mounted in a first chamber along a first valve axis, and adapted to be moved from a first null position to a first off-null position along said first chamber axis to selectively meter fluid flow from at least one port (25, 26) defined between said first valve member and said first chamber; a second stage valve in fluid communication with said port of said first valve and having a second valve member movably mounted in a second chamber along a second valve axis, and adapted to be moved from a first position to a second position along said second valve axis as a function of movement of said first valve member, to selectively meter the flow of fluid from at least one port (32, 33) between said second valve member and said second chamber; said first stage valve and said second stage valve configured and arranged such that said second stage valve member is at a pressure equilibrium and does not move when said first stage valve member is in said null position; a transfer link acting between said first valve member and said second valve member; an eccentric drive member acting between said rotor and said transfer link and having a first eccentric axis that is off-set a distance from said motor axis and arranged such that selective rotation of said rotor about said motor axis causes said transfer link to move; said transfer link comprises a first end portion engaging said first valve member at a first connection; said transfer link comprises a second end portion engaging said second valve member at a second connection; said eccentric drive member and said transfer link coupled at a third connection between said first connection and said second connection; said transfer link and said drive member configured and arranged such that selective movement of said rotor from said rotor null position to a second rotor position causes said drive member and said transfer link to move said first valve member from said first null position to said first off-null position; movement of said first valve member from said first null position to said first off-null position causes said second valve member to move from said first position to said second position; and said movement of said second valve member to said second position causes said transfer link to move said first valve member from said first off-null position back to said null position. a motor having a stator and a rotor having a rotor null position and configured and arranged to rotate about a motor axis under the effect of a magnetic field generated by said stator; a bias mechanism (20, 46) configured and arranged to bias said rotor to said rotor null position; a first stage valve having a first valve member movably mounted in a first chamber along a first valve axis, and adapted to be moved from a first null position to a first off-null position along said first chamber axis to selectively meter fluid flow from at least one port (25, 26) defined between said first valve member and said first chamber; a second stage valve in fluid communication with said port of said first valve and having a second valve member movably mounted in a second chamber along a second valve axis, and adapted to be moved from a first position to a second position along said second valve axis as a function of movement of said first valve member, to selectively meter the flow of fluid from at least one port (32, 33) between said second valve member and said second chamber; said first stage valve and said second stage valve configured and arranged such that said second stage valve member is at a pressure equilibrium and does not move when said first stage valve member is in said null position; a transfer link acting between said first valve member and said second valve member; an eccentric drive member acting between said rotor and said transfer link and having a first eccentric axis that is off-set a distance from said motor axis and arranged such that selective rotation of said rotor about said motor axis causes said transfer link to move; said transfer link comprises a first end portion engaging said first valve member at a first connection; said transfer link comprises a second end portion engaging said second valve member at a second connection; said eccentric drive member and said transfer link coupled at a third connection between said first connection and said second connection; said transfer link and said drive member configured and arranged such that selective movement of said rotor from said rotor null position to a second rotor position causes said drive member and said transfer link to move said first valve member from said first null position to said first off-null position; movement of said first valve member from said first null position to said first off-null position causes said second valve member to move from said first position to said second position; and said movement of said second valve member to said second position causes said transfer link to move said first valve member from said first off-null position back to said null position.