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Pratt & Whitney Agrees To Volvo Deal

Sweden's Volvo AB has said its aircraft unit has signed a contract to supply components to U.S. aircraft engine manufacturer Pratt & Whitney.

STOCKHOLM, Sweden (AP) -- Sweden's Volvo AB has said its aircraft unit Volvo Aero has signed a contract to supply components to U.S. aircraft engine manufacturer Pratt & Whitney.

The truck and bus maker said Monday that the deal is expected to result in sales of $8.4 billion over 40 years.

The contract means Volvo Aero will contribute to Pratt & Whitney's Geared Turbofan engine program and be responsible for three major components for the Mitsubishi Regional Jet and the Bombardier CSeries aircraft engines.

Pratt & Whitney is a division of United Technologies Corp., based in Hartford, Conn., and has more than 16,000 engines installed in aircraft around the world.

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