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:
“A people without history
Is not redeemed from time, for history is a pattern
Of timeless moments.”
—T.S. (Thomas Stearns)
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