Volvo Aero to Partner with Pratt & Whitney on Geared Turbofan(TM) Engine
July 14 2008 - 5:24AM
Business Wire
Regulatory News: Volvo Aero has entered into an agreement with
aircraft engine manufacturer Pratt & Whitney to join P&W's
Geared Turbofan(TM) engine program. Under this arrangement, Volvo
Aero will be responsible for three major components for both the
Mitsubishi Regional Jet (MRJ) and the Bombardier CSeries aircraft
engines. 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. For
Volvo Aero, the agreement is expected to result in sales of SEK 50
billion during 40 years, the largest involvement in a commercial
engine program ever. Two years ago, Volvo Aero and Pratt &
Whitney signed an agreement to demonstrate new technology for the
new Geared Turbofan engine. Since then, Volvo Aero has worked to
develop advanced light weight technologies for the new engine
concept. Volvo Aero brings expertise in turbine exhaust case
technology to development of the Geared Turbofan engine. 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. "We are delighted to have reached this
agreement with Pratt & Whitney, not least because we know that
this engine will contribute to improving the environment by
reducing fuel consumption, emissions and noise," says Olof Persson,
President of Volvo Aero. "Participating in an engine concept that
has excellent prospects for enhancing our current program portfolio
in this thrust region of the engine market is also an important
sign of success for Volvo Aero. Last but not least, we are
gratified that the agreement further strengthens our relations with
Pratt & Whitney," he adds. The Geared Turbofan engine is
expected to set new standards in environmental performance and
operating value for the next generation of commercial aircraft. In
a Geared Turbofan engine, a state-of-the-art gear system allows the
engine's fan to operate at a different speed than the low-pressure
compressor and turbine, resulting in greater fuel efficiency and a
slower fan speed for reduced noise. The Geared Turbofan engine
targets more than 12% reductions in fuel burn and CO2 emissions, a
50% reduction in engine noise and double-digit reductions in
maintenance and operating costs. "I am pleased to welcome Volvo
Aero to the growing list of partners on the Geared Turbofan engine
program," said Todd Kallman, president, Pratt & Whitney
Commercial Engines. "Volvo Aero has played a key role in the
development and demonstration program to date and we are proud to
continue that partnership into the production phase of the program
with this agreement." This cooperative project with Pratt &
Whitney will enable Volvo Aero to refine its ability to develop
products on the basis of proven Volvo Aero design and manufacturing
tools and procedures. In addition, activities such as this will
continue to enhance Volvo Aero's position as a strong independent
partner to original equipment manufacturers of large turbofan
engines. Images of the Geared Turbofan(TM) Engine can be found
under News images in the image gallery on volvoaero.com. Facts on
Geared Turbofan engine: The Geared Turbofan engine has already been
selected as exclusive power for the 70-90 passenger Mitsubishi
Regional Jet (MRJ) and the 100-149 seat class Bombardier CSeries
mainline aircraft, that was launched in connection with the
Farnborough Air Show that opened on Monday. According to current
schedules, both the MRJ and CSeries aircraft will enter revenue
service in 2013. The Geared Turbofan engine recently completed a
250 hours ground test program and is scheduled to begin flight
testing in mid-July. Volvo Aero (NASDAQ:VOLV) (STO:VOLVA)
(STO:VOLVB) develops and manufactures components for aircraft and
rocket engines with a high technology content in cooperation with
the world's leading producers. Volvo Aero offers an extensive range
of services, including sales of spare parts for aircraft engines
and aircraft, sales and leasing of aircraft engines and aircraft,
as well as overhaul and repair of aircraft engines. Volvo Aero is
part of the Volvo Group, one of the world's leading manufacturers
of trucks, buses and construction equipment, drive systems for
marine and industrial applications, aerospace components and
services. The Group also provides complete solutions for financing
and service. This information was brought to you by Cision
http://newsroom.cision.com Regulatory News: Volvo Aero has entered
into an agreement with aircraft engine manufacturer Pratt &
Whitney to join P&W�s Geared Turbofan� engine program. Under
this arrangement, Volvo Aero will be responsible for three major
components for both the Mitsubishi Regional Jet (MRJ) and the
Bombardier CSeries aircraft engines. 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. For Volvo Aero, the agreement is
expected to result in sales of SEK 50 billion during 40 years, the
largest involvement in a commercial engine program ever. Two years
ago, Volvo Aero and Pratt & Whitney signed an agreement to
demonstrate new technology for the new Geared Turbofan engine.
Since then, Volvo Aero has worked to develop advanced light weight
technologies for the new engine concept. Volvo Aero brings
expertise in turbine exhaust case technology to development of the
Geared Turbofan engine. 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. �We are delighted
to have reached this agreement with Pratt & Whitney, not least
because we know that this engine will contribute to improving the
environment by reducing fuel consumption, emissions and noise,�
says Olof Persson, President of Volvo Aero. �Participating in an
engine concept that has excellent prospects for enhancing our
current program portfolio in this thrust region of the engine
market is also an important sign of success for Volvo Aero. Last
but not least, we are gratified that the agreement further
strengthens our relations with Pratt & Whitney,� he adds. The
Geared Turbofan engine is expected to set new standards in
environmental performance and operating value for the next
generation of commercial aircraft. In a Geared Turbofan engine, a
state-of-the-art gear system allows the engine�s fan to operate at
a different speed than the low-pressure compressor and turbine,
resulting in greater fuel efficiency and a slower fan speed for
reduced noise. The Geared Turbofan engine targets more than 12%
reductions in fuel burn and CO2 emissions, a 50% reduction in
engine noise and double-digit reductions in maintenance and
operating costs. �I am pleased to welcome Volvo Aero to the growing
list of partners on the Geared Turbofan engine program,� said Todd
Kallman, president, Pratt & Whitney Commercial Engines. �Volvo
Aero has played a key role in the development and demonstration
program to date and we are proud to continue that partnership into
the production phase of the program with this agreement.� This
cooperative project with Pratt & Whitney will enable Volvo Aero
to refine its ability to develop products on the basis of proven
Volvo Aero design and manufacturing tools and procedures. In
addition, activities such as this will continue to enhance Volvo
Aero�s position as a strong independent partner to original
equipment manufacturers of large turbofan engines. Images of the
Geared Turbofan� Engine can be found under News images in the image
gallery on volvoaero.com. Facts on Geared Turbofan engine: The
Geared Turbofan engine has already been selected as exclusive power
for the 70-90 passenger Mitsubishi Regional Jet (MRJ) and the
100-149 seat class Bombardier CSeries mainline aircraft, that was
launched in connection with the Farnborough Air Show that opened on
Monday. According to current schedules, both the MRJ and CSeries
aircraft will enter revenue service in 2013. The Geared Turbofan
engine recently completed a 250 hours ground test program and is
scheduled to begin flight testing in mid-July. Volvo Aero
(NASDAQ:VOLV) (STO:VOLVA) (STO:VOLVB) develops and manufactures
components for aircraft and rocket engines with a high technology
content in cooperation with the world�s leading producers. Volvo
Aero offers an extensive range of services, including sales of
spare parts for aircraft engines and aircraft, sales and leasing of
aircraft engines and aircraft, as well as overhaul and repair of
aircraft engines. Volvo Aero is part of the Volvo Group, one of the
world�s leading manufacturers of trucks, buses and construction
equipment, drive systems for marine and industrial applications,
aerospace components and services. The Group also provides complete
solutions for financing and service. This information was brought
to you by Cision http://newsroom.cision.com
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