05 October, 2009
Global aerospace & defense company selects IFS Applications
IFS, the global enterprise applications company, announced today an agreement with a global defense, security and aerospace company. The contract, valued at over $2 million, is for IFS Applications licenses, consulting services, and maintenance and support.
IFS Applications’ Financials, Distribution, Manufacturing, Maintenance, Engineering, and HR components will be used for a new program which will support various defense projects within the United States.
Aerospace & Defense is a targeted industry vertical for IFS. IFS Applications’ strength in enterprise asset management (EAM), maintenance repair and overhaul (MRO) and defense manufacturing is complemented by its fully integrated project tracking and product data management (PDM) capabilities. IFS Applications is a best-practice solution for fleet management, MRO and supply chain management in A&D.
IFS customers within the Aerospace and Defense industry include the US, British and Norwegian defense organizations as well as the Eurofighter consortium. Commercial MRO shops and 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 Lockheed Martin General Dynamics, BAE Systems, Saab, and GE Transportation.
IFS is a public company (OMX STO: IFS) founded in 1983 that develops, supplies, and implements IFS Applications™, a fully-integrated, component-based extended ERP suite built on SOA technology. The company has more than 2,000 customers in more than 50 countries and focuses on seven main industries: aerospace & defense, utilities & telecom, manufacturing, process industries, automotive, retail & wholesale distribution, and construction contracting & service management. IFS has 2,700 employees and net revenue in 2008 was $383 million.The contract was signed in September. The information is that which IFS is required to declare by the Securities Business Act and/or the Financial Instruments Trading Act. The information was submitted for publication on October 5, 2009, at 12:30 p.m. CET