22 December, 2008
Aerospace & defense support supplier selects IFS Applications
IFS has signed an agreement with a supplier of logistics, after sales and support services to commercial and defense aviation for IFS Applications licenses, consulting services, and maintenance and support amounting to SKr 30 million over three years.
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 owns 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.
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. IFS Applications is a trademark of Industrial and Financial Systems, IFS AB (publ). All other referenced company or product names are trademarks or registered trademarks of their respective owners. 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 December22, 2008, at 08:30.