Volvo Aero enters Pratt & Whitney's Geared Turbofan engine programme

Airline Industry Information,  July 14, 2008  

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AIRLINE INDUSTRY INFORMATION-(C)1997-2008 M2 COMMUNICATIONS LTD

Swedish industrial group Volvo Group (OMX Stockholm: VOLV A) (OMX Stockholm: VOLV B) said on Monday (14 July) that its subsidiary Volvo Aero has entered into an agreement with aircraft engine manufacturer Pratt & Whitney to join P&W's Geared Turbofan engine programme.

Under the arrangement, Volvo Aero will be responsible for three major components for both the Mitsubishi Regional Jet (MRJ) and the Bombardier CSeries aircraft engines.

According to the agreement, Volvo Aero will participate as a partner in design, development, production and aftermarket in this engine project, with overall responsibility for the Intermediate Case and Turbine Exhaust Case as well as Low Pressure Turbine Shaft production responsibility.

For Volvo Aero, the agreement is expected to result in sales of SEK50bn during 40 years, the largest involvement in a commercial engine programme ever.

The Geared Turbofan engine will be a product unique in the aircraft industry, bringing double-digit reductions in fuel burn, environmental emissions, engine noise and operating costs, Volvo said.

Volvo Aero develops and manufactures components for aircraft and rocket engines with a high technology content in cooperation with the world's leading producers. Volvo Aero is part of the Volvo Group.

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