Volvo Aero Norge and Pratt & Whitney signs mou

VOLVO AERO NORGE AND PRATT & WHITNEY SIGNS MOU Pratt & Whitney and Volvo Aero Norge jointly announced the signing of a Memorandum of Understanding today for the development of manufacturing capability of the JSF Low Pressure Turbine Shaft for the Joint Strike Fighter. Today's signing marks a significant milestone in the long continuing relationship between Pratt & Whitney and Volvo Aero Norge. The Joint Strike Fighter "family of aircraft" concept promotes affordability and allows a high level of commonality amongst the US Navy, Air Force, Marines and the United Kingdom. For the Air Force, the JSF will provide a multi-role - primarly air-to-ground-fighter to replace the F-16 and A-10 and to complement the F-22. Potential JSF costumers include current operators of F-16, F/A-18, Sea Harriers and AV-8B. Full market potential of the JSF engine is expected to exeed 5,000 engines, which could result in a production value of more than $150Million for the LPT Shaft. Volvo Aero Norge, located in Kongsberg, Norway, produces a wide range of jet engine hardware for Pratt & Whitney and is part of Volvo Aero Corporation, Sweden. Pratt & Whitney is a part of United Technologies Corporation of Hartford, CT, USA. June 15, 1999 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/06/15/19990615BIT00260/bit0001.doc http://www.bit.se/bitonline/1999/06/15/19990615BIT00260/bit0002.pdf

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The Volvo Group is one of the world’s leading manufacturers of trucks, buses, construction equipment and marine and industrial engines. The Group also provides complete solutions for financing and service. The headquarter is located in Gothenburg, Sweden.

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