Mon, Jan 23, 2006
Will Produce Additional Components
Volvo Aero has agreed
with General Electric Company (GE) to increase Volvo Aero's
participation in GE's new engine, the GEnx. Volvo Aero will
manufacture additional components in the engine. The new agreement
is estimated to generate an additional SEK 6 billion in sales over
a 30-year period.
"We strongly believe in the success of the GEnx engine, and we
are very pleased that we are able to increase our share in the
program," said Anders Nilsson, Vice President Business Development
at Volvo Aero.
Volvo Aero has been partner in the GEnx engine since 2004. Under
the previous agreement, Volvo Aero took responsibility for the
design, manufacture and product support for three components -- the
Low Pressure Booster Spool, the Fan Hub Frame and the Turbine Rear
Frame.
Volvo Aero is increasing its participation with responsibility
for additional components in the Fan Module and High Pressure
Turbine.
The new agreement is expected to generate SEK 6 billion in sales
over the life of the GEnx engine program with a total investment
for Volvo Aero over SEK 230 M.
To date, more than 525 GEnx engines have been selected to power
the Boeing 787 and 747-8, as well as the Airbus A350. The GEnx
engine is the most popular choice on the 787 (above) and A350
aircraft, and is sole powerplant for the recently launched 747-8
aircraft.
Volvo Aero develops and manufactures components for aircraft and
rocket engines with a high technology content in cooperation with
the world's leading producers.
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