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Press releases 1996
12/16/1996
Mitsubishi buys rocket nozzles from Volvo Aero
Mitsubishi Heavy Industries is buying two rocket nozzles from Volvo Aero Corporation. The nozzles are intended for the LE-7A, the main engine of the Japanese H-2A launcher.
11/27/1996
Volvo Aero Corporation wins Swedish Quality Award
11/11/1996
MoU on collaboration between Volvo and MTU signed
Volvo Aero Corporation, a subsidiary of Volvo, and MTU München, a subsidiary of Daimler-Benz Aerospace (Dasa, Munich), today signed a Memorandum of Understanding (MoU) on closer mutual cooperation.
2/29/1996
Sale of VOAC Hydraulics finalized
AVC Intressenter AB - a holding company jointly owned by Volvo Aero and Atlas Copco - has finalized the previously announced sale of VOAC Hydraulics. The buyer is the US-based company Parker Hanifinn Corporation.
1/10/1996
Plan of action at Volvo Aero Engine Services to reduce cost level by SEK 75 million
Volvo Aero Engine Services, VAES, in Bromma outside Stockholm has decided to carry out a plan of action to ensure profitability. Despite good order inflow during 1995 the company took a loss. The plan of action includes a cost-level reduction of SEK 75 million which also involves giving notice to 140 employees. VAES sales in 1995 amounted to SEK 620 million and the company has 570 employees.