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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Volatus Aerospace Corp | TSXV:VOL | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.005 | -2.44% | 0.20 | 0.20 | 0.21 | 0.21 | 0.20 | 0.205 | 9,077 | 20:09:57 |
Volvo Aero selected for the Mako Trainer Program Volvo Aero Corporation has been selected as a major contributor to the General Electric Aircraft Engines (GEAE) F414M/MT engine for the EADS Mako trainer. A Memorandum of Understanding, MoU, has been signed between GEAE and Volvo Aero Corporation. The MoU involves cooperation on development activities, hardware production, final assembly and testing, up to a total engine value of 30%. The long-term partnership with GEAE since 1982 on the RM12 engine program for the Swedish Gripen fighter gave Volvo Aero Corporation a prominent role in the Mako program. The Mako HEAT is a candidate for the ongoing Advanced European Jet Pilot Training (AEJPT) program. The Mako HEAT will be powered by a GEAE F414MT engine, the single-engine derivative of the F414, which has been de-rated about 25 per cent to provide low life-cycle cost. A full-rated F414M would be installed into the LCA derivative for export sales. In 2000 Volvo Aero and GEAE entered into a new major military cooperation agreement. The cooperation involves the F414 engine for the F/A-18E/F Super Hornet. Volvo Aero manufactures structural and rotating components in the engine's fan and compressor area. The chosen components are part of Volvo Aero's area of specialization. December 6, 2003 For further information, please contact Bjorn Astrand, tel. +46 70 569 0451. 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.
1 Year Volatus Aerospace Chart |
1 Month Volatus Aerospace Chart |
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