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Linköping, December 27, 2006

Leading avionics supplier to implement IFS business software at three U.S. sites

IFS, the global enterprise applications company, announced today that Astronautics Corporation of America, a major avionics supplier, has signed a contract to implement IFS Applications™ 7 business software. IFS’ industry-specific solution initially will be deployed to more than 1,500 users at Astronautics’ headquarters in Milwaukee and its Kearfott facilities in Little Falls, New Jersey, and Asheville, North Carolina. Astronautics also plans to roll out the IFS software to a manufacturing facility in Mexico.

Astronautics and Kearfott product lines include electronic flight instrument systems and displays, airborne network server computers, flight director computers, control systems, guidance and navigation systems, and precision components. Astronautics products are used for numerous sea, ground, air, and space applications. The company is both a prime contractor to the U.S. Department of Defense and a subcontractor to large defense, aerospace, and electronics companies such as Boeing, Lockheed Martin, Airbus, Sikorsky, Pilatus, and Augusta.

Aerospace and defense is one of IFS’ targeted market segments. IFS Applications includes advanced standard functionality that meets the demanding requirements of defense manufacturers. IFS’ fully integrated project tracking and product data management (PDM) capabilities, combined with other IFS Applications components, make it easier to operate while managing the design, manufacturing, and ongoing logistics and maintenance support of complex products throughout the product lifecycle.

IFS users within the aerospace and defense industry include the U.S., British and Norwegian defense organizations as well as the Eurofighter consortium. Commercial MRO shops and fleet operators include Finnair, Bristow Helicopters, Aero-Dienst GmbH, Hawker Pacific, and Jet Turbine Services. In addition, IFS provides solutions to original equipment manufacturers (OEMs) such as General Dynamics, Lockheed Martin, BAE SYSTEMS, Saab Aerosystems, and GE Aircraft Engines.

About IFS

IFS (OMXS: IFS), the global enterprise applications company, provides solutions that enable organizations to respond quickly to market changes, allowing resources to be used in a more agile way to achieve better business performance and competitive advantage.

IFS was founded in 1983 and now has 2,600 employees worldwide. IFS pioneered component-based enterprise resources planning (ERP) software with IFS Applications, now in its seventh generation. IFS’ component architecture provides solutions that are easier to implement, run, and upgrade. IFS Applications is available in 54 countries, in 20 languages.

IFS has more than 500,000 users across seven key vertical sectors: aerospace & defense, automotive, high-tech, industrial manufacturing, process industries, construction & facilities management, and utilities & telecom. IFS Applications provides extended ERP functionality, including supply chain management (SCM); enterprise asset management (EAM); maintenance, repair, and overhaul (MRO); product lifecycle management (PLM); customer relationship management (CRM); and corporate performance management (CPM) capabilities.

For additional information, contact:

Manni Svensson, IR & PR, Industrial and Financial Systems, IFS AB (publ)
Phone: +46 8 5878 45 00

Drew Benvie, Lewis PR
Phone: +44 (0)207 802 2626
E-mail: drewb@lewispr.com

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