History
Nohab Flygmotorfabriker AB was founded in Trollhättan, Sweden, in 1930 to produce aircraft engines for the Swedish Board of Aviation. As the name of the company indicates it was a subsidiary to NOHAB. In 1937 it became a part of the newly founded SAAB but already in 1941 Volvo acquired a majority of the stock and the name was changed to Svenska Flygmotor AB (SFA), and later on Volvo Flygmotor.
Since the 1950s the company have been the major engine supplier to the Swedish Air Force. The Volvo Aero Group has 3,600 employees and in 2003 had total sales of 0.9 billion euros. Today Volvo Aero is a partner in more than ten commercial engine programmes. Components from Volvo Aero are installed in more than 90% of all large commercial aircraft engines sold.
On 6 July 2012 Volvo Aero was acquired by the British aerospace manufacturer GKN in a SEK 6.9 billion deal.
Read more about this topic: Volvo Aero
Famous quotes containing the word history:
“Social history might be defined negatively as the history of a people with the politics left out.”
—G.M. (George Macaulay)
“Every generation rewrites the past. In easy times history is more or less of an ornamental art, but in times of danger we are driven to the written record by a pressing need to find answers to the riddles of today.... In times of change and danger when there is a quicksand of fear under men’s reasoning, a sense of continuity with generations gone before can stretch like a lifeline across the scary present and get us past that idiot delusion of the exceptional Now that blocks good thinking.”
—John Dos Passos (1896–1970)
“What has history to do with me? Mine is the first and only world! I want to report how I find the world. What others have told me about the world is a very small and incidental part of my experience. I have to judge the world, to measure things.”
—Ludwig Wittgenstein (1889–1951)