Press releases 2007

12/11/2007Volvo Aero acquires composite company to develop lighter aircraft enginesVolvo Aero has acquired the composite company Applied Composites AB (ACAB) in Linköping, which currently has approximately 70 employees. The aim of the acquisition is to use ACAB and its technology to develop and manufacture aircraft engine components in composite materials, which are significantly lighter than the comparable parts in metal.
11/11/2007Improved fuel economy and lower emissions due to Volvo Aero’s lightweight technologyPratt & Whitney’s decision to commission Volvo Aero to design and manufacture an important component in the GP7000 aircraft engine is a major success for Volvo Aero’s lightweight technology.
11/9/2007Volvo Aero focuses on Dubai AirshowThe International Aerospace Exhibition, Dubai Airshow, will open this weekend. Volvo Aero will participate this time with its largest ever involvement at an exhibition in the United Arab Emirates.
10/24/2007Improved profitability and strong order bookings• Improved profitability within the aftermarket business • Important break through for Volvo Aero’s light weight technologies • Order book in component business increased by 47%
10/8/2007Volvo Aero’s lightweight case chosen for the GP7000 engine for the Airbus A380Pratt & Whitney and Volvo Aero have reached an agreement in which Volvo Aero has been contracted to reduce the weight of the turbine exhaust case (TEC) for the GP7000 engine for Airbus’ new A380 jumbo jet.
9/10/2007Aero-Craft in Newington changes name to Volvo Aero Connecticut Volvo Aero’s wholly owned subsidiary, Aero-Craft in Newington, outside Hartford, Connecticut in the US, has changed name to Volvo Aero Connecticut.
8/16/2007Volvo Aero first to receive Supplier Gold award from United TechnologiesVolvo Aero is the first company in the world to receive the “Supplier Gold” award from United Technologies (UTC), one of the US’ 20 largest manufacturing companies. The distinction represents an important confirmation that Volvo Aero meets UTC’s demanding requirements with regard to quality, ability to deliver and long-term customer service.
7/25/2007Volvo Aero´s commercial component business continues to growDuring the second quarter, Volvo Aero’s sales amounted to SEK 1 845 M, which was 5% lower than in the corresponding period the preceding year. Adjusted for changes in exchange rates, sales increased by 4%.
7/9/2007Volvo Aero’s components passed the GEnx program testGeneral Electric’s new GEnx engine has underwent the “Fan Blade Out Test (FBO)”, as part of the engine certification process. An important objective of the FBO test is to demonstrate that the aircraft engine, at full speed, can lose one of its fan blades without the engine becoming detached from the aircraft wing.
6/18/2007Volvo Aero signs important contracts for engine maintenanceVolvo Aero has signed a contract for maintenance of engines for Norwegian Wideroe’s fleet of Bombardier Dash 8 aircraft, PW121 and PW123 engines. The contract covers six years and is worth around 25 MUSD.
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