IFS Applications™ to support the UK Defence JAMES Land Project

(27 August 2008, Linköping)

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, which was announced in a press release on July 17, is the largest license contract that IFS has ever won. Product revenue amounts GBP 13,9 million.

The JAMES Land project follows on from the 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 related to 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 handling processes involved in 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.” commented Iain Green, CEO of IFS Defence Ltd.

Aerospace & Defense is a priority industry vertical for IFS. Our 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 Defence 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.

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 and net revenue in 2007 was SKr 2.4 billion.

For additional information, contact:

Manni Svensson, IR & PR, IFS World
Phone: +46 858 784 500


Sharon Grimley
Phone: +44 (0) 1494 428900
E-mail: sharon.grimley@ifsdefence.com


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