The Swedish aircraft and rocket engine components manufacturer Volvo Aero, part of Volvo group, said on Friday (2 December) that the aircraft manufacturer Boeing has decided to invest in a new and larger version of the Boeing 747.

Volvo Aero is a partner in the only engine offered to customers of Boeing’s new 747-8.

At Volvo Aero a special engineering team consisting of some 50 persons has been appointed to adapt the engine for the Boeing 747-8.

Volvo Aero’s responsibility in the partnership includes design, development, manufacture and product support of three advanced components: the fan hub frame, the turbine rear frame and the booster spool.

This initial order is worth in excess of SEK200m for Volvo Aero.