Press releases 2008

6/13/2008Fredrik Brunell appointed new Vice President, Head of Corporate Finance, AB VolvoFredrik Brunell, presently Chief Financial Officer, Volvo Aero, has been appointed new Vice President, Head of Corporate Finance, AB Volvo. He will assume his new position on August 25, 2008, reporting to the Group CFO.
4/25/2008Increased operating income and margin in the first quarterThe strong organic growth in the component business continued during the first quarter, although it was somewhat offset by lower volumes in the after market business.
4/2/2008Important milestone for Volvo Aero when GEnx engine is certifiedThe GEnx aircraft engine, in which Volvo Aero plays a major role, has received airworthiness certification from the U.S. Federal Aviation Administration (FAA). “Certification is an important milestone in the work to develop the environmentally adapted aircraft engines of the future. This is the fruit of four years of hard work, involving many,” comments Volvo Aero President Olof Persson.
3/31/2008New President named at Volvo Aero NorwayOdd Tore Kurverud has been appointed the new President of Volvo Aero Norway in Kongsberg. He succeeds Reidar Lyse, who has been President since 2003 and is now leaving his position for health reasons.
3/14/2008Important milestone for Volvo Aero when new GEnx engine completes first critical testThe GEnx-2B engine that will power the new Boeing 747-8 aircraft has started its certification program with a successful ground testing at General Electric’s outdoor testing facility in Peebles, Ohio.
2/17/2008Volvo Aero contributes to greener enginesClean Sky is one of Europe’s largest research programs ever. Together with the European Commission and the aerospace industries of Europe, Volvo Aero will develop new technologies for greener, more environmentally adapted aero engines. The project was officially launched in early February 2008 at a ceremony in Brussels.
2/17/2008Volvo Aero develops lightweight fan frameVolvo Aero has developed a new fan frame concept utilizing lightweight carbon-fiber composite material. The unique composite fan frame concept (patent pending) has the potential of saving 30% in weight compared with cast titanium, and it is easy to industrialize.
2/17/2008Thailand purchases six Gripen aircraft equipped with ‘world’s safest engine’Sweden and Thailand have signed a contract covering delivery of six Gripen aircraft. As a consequence of the agreement, The Thai Air Force will be able to replace its F-5 aircraft in the beginning of 2011.
2/6/2008Strong fourth quarter for Volvo Aero• Strong top line growth in the component business • Order book in component business increased by 19% • Acquisition of Applied Composites AB
1/31/2008Gripen surpasses 100,000 flight hours - Volvo Aero’s engine safest in the worldThe Gripen aircraft surpassed the 100,000-hour mark during the week. It was during a flight over a snowy Östergötland landscape, with Saab’s Chief Test Pilot Mats Thorbiörnsson and a Colonel in the South African Air Force at the controls, that the historic milestone was surpassed.
     
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