Volvo Aero Services and Boeing Extend Partnership Agreement

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.

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      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