09 December, 2008
IFS wins Project Centric defense manufacturer contract
IFS Defence has received an order from a project centric defense supplier to provide IFS Applications licenses, services and maintenance & support with an expected total value of SKr 55 million over 5 years.
The customer is one of the worlds leading defense manufacturer. The new ERP-system will support the company’s production and IFS delivery includes IFS Application components for project control, manufacturing, inventory, purchasing and employee administration. Expected product revenues amounts to SKr 50 million over five years, of which some SKr 23 Million will be booked as revenue in the IFS Group in the fourth quarter of 2008.
Aerospace & Defense is a targeted industry vertical for IFS. IFS’ global capability is led by a dedicated business, IFS Defence Ltd, of which the IFS Group own 50%, helping its customers and partners to meet the future challenges of transformation through a low-risk, low total ownership cost, step-by-step capability evolution. 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 British, Norwegian, and US 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. More details can be found at www. ifsdefence.com.
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 54 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 2,600 employees and net revenue in 2007 was SKr 2.4 billion.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 December 09, at 08.30