IFS Applications(TM) to Support the UK Defence JAMES Land Project

SCHAUMBURG, Ill.--(BUSINESS WIRE)--Lockheed Martin has selected IFS Applications™ to provide the core software for the JAMES Land (Joint Asset Management Engineering Solution) project for the UK Ministry of Defence. The agreement is the largest license contract that IFS has ever won. Product revenue amounts GBP 13.9 million.

The JAMES Land project follows a previously implemented JAMES 1 solution which is currently in use by 9,000 users in the regular UK army, providing a Management Information System to enable optimized asset usage with minimal fleet sizes. IFS Applications supports the UK Army with asset information for identification, configuration and maintenance requirements as well as current usage and owner.

JAMES Land deepens and widens the functionality of the James 1 solution by adding IFS Applications components for engineering, asset data collection and analysis as well as workshop management for the modification of assets. The solution will also improve mobility and be extended to include ground-based equipment used by the Royal Navy and Royal Air Force. The goal is to improve availability, enhance operational and training effectiveness, and reduce equipment support costs. The roll out of JAMES Land, which is based on IFS Applications 7, is scheduled to commence in 2010.

“This new contract award reflects the long standing relationship we have with Lockheed Martin in providing effective turnkey solutions (JAMES1 & JSF) to the defense market. IFS’ strength in enterprise asset management (EAM) and maintenance repair and overhaul (MRO), which IFS packages as best-practice solutions for fleet management in the Aerospace & Defense (A&D) market, makes it easier to deliver performance-based logistics and maintenance support of complex assets throughout the product lifecycle,” IFS Defence Ltd. CEO Iain Green said.

Aerospace & Defense is a targeted industry vertical for IFS. IFS’ global capability is led by a dedicated business, IFS Defence Ltd., 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 General Dynamics, Lockheed Martin, BAE Systems, Saab, and GE Transportation. More details can be found at www.ifsdefence.com.

About IFS

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. More information on IFS is available at www.IFSWORLD.com/us.

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.

IFS
Kristy Mills
+1 262 317 7476
kristy.mills@ifsna.com
or
Chuck Rathmann
+1 262 317 7419
chuck.rathmann@ifsna.com