Volvo Aero Services and Boeing Extend Partnership Agreement
September 23 2008 - 4:55AM
Business Wire
Regulatory News: Volvo Aero Services Corp and The Boeing Company
(NYSE:BA) have extended a marketing and distribution partnership
agreement, originally established in 1999, for an additional 10
years. Within the agreement, Volvo Aero Services will continue to
provide multiple asset management services to support the
distribution of quality aircraft parts for a wide range of Boeing
aircraft models. In addition, Volvo Aero Services has been awarded
the rights to manufacture and distribute Boeing proprietary parts.
The program, managed from the jointly established facility in Kent,
Washington, covers the distribution of excess parts for in
production and out of production Boeing and legacy McDonald Douglas
aircraft. "The extension of our contractual relationship with Volvo
Aero further ensures that our customers will continue to receive
the best, long-term parts support for their Boeing fleet," said
Dale Wikinson, vice president of Material Management. "They have
proven to be an effective business partner that provides quality
support." "The extension of our contract with Boeing is a testament
to the success of our existing relationship", says Claes Malmros,
President and CEO of Volvo Aero Services. "We are extremely proud
of our relationship and what has been created with Boeing over the
last 10 years. We are looking forward to the continued success of
our partnership." The Boeing Company is the world's leading
aerospace company, providing products and services to customers in
145 countries. Boeing Commercial Aviation Services, a unit of
Boeing Commercial Airplanes, provides products, services and
integrated solutions to improve fleet utilization, reduce costs,
leverage leading-edge information management, and ensure passenger
well-being. Volvo Aero Services Corporation, a subsidiary of Volvo
Aero Corporation, is a leading provider of aftermarket services in
the aviation industry. As the wholly-owned subsidiary of AB Volvo,
Volvo Aero Corporation had 2007 revenues of $1.2 billion and
employs over 3,200 people worldwide. Volvo Aero Services
Corporation has a wide range of services based on its competence in
asset management, logistics and leasing of aircraft engines as well
as engine and aircraft components. The company is also the
exclusive distributor of select material for Hamilton Sundstrand,
Honeywell and The Boeing Company. September 23, 2008 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 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://www.cisionwire.com Regulatory News: Volvo Aero Services Corp
and The Boeing Company (NYSE:BA) have extended a marketing and
distribution partnership agreement, originally established in 1999,
for an additional 10 years. Within the agreement, Volvo Aero
Services will continue to provide multiple asset management
services to support the distribution of quality aircraft parts for
a wide range of Boeing aircraft models. In addition, Volvo Aero
Services has been awarded the rights to manufacture and distribute
Boeing proprietary parts. The program, managed from the jointly
established facility in Kent, Washington, covers the distribution
of excess parts for in production and out of production Boeing and
legacy McDonald Douglas aircraft. "The extension of our contractual
relationship with Volvo Aero further ensures that our customers
will continue to receive the best, long-term parts support for
their Boeing fleet," said Dale Wikinson, vice president of Material
Management. "They have proven to be an effective business partner
that provides quality support." �The extension of our contract with
Boeing is a testament to the success of our existing relationship�,
says Claes Malmros, President and CEO of Volvo Aero Services. �We
are extremely proud of our relationship and what has been created
with Boeing over the last 10 years. We are looking forward to the
continued success of our partnership.� The Boeing Company is the
world's leading aerospace company, providing products and services
to customers in 145 countries. Boeing Commercial Aviation Services,
a unit of Boeing Commercial Airplanes, provides products, services
and integrated solutions to improve fleet utilization, reduce
costs, leverage leading-edge information management, and ensure
passenger well-being. Volvo Aero Services Corporation, a subsidiary
of Volvo Aero Corporation, is a leading provider of aftermarket
services in the aviation industry. As the wholly-owned subsidiary
of AB Volvo, Volvo Aero Corporation had 2007 revenues of $1.2
billion and employs over 3,200 people worldwide. Volvo Aero
Services Corporation has a wide range of services based on its
competence in asset management, logistics and leasing of aircraft
engines as well as engine and aircraft components. The company is
also the exclusive distributor of select material for Hamilton
Sundstrand, Honeywell and The Boeing Company. September 23, 2008
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 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://www.cisionwire.com
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