IFS signs 5-year support contract with eurofighter

IFS signs 5-year support contract with eurofighter

The Eurofighter consortium has signed a five year contract with IFS to
maintain its IFS Applications™-based system, which is handling the
Industrial Repair Service (IRS) for the Eurofighter Typhoon aircraft.
The contract will continue to support Typhoon deployments through the
next 5 years, enabling through-life management and support initiatives,
is valued in excess of 2M GBP.

IRS, which is a key component of the aircraft's repair and overhaul
solution, has included modifications and enhancements to align the
system to changing commercial and operational environments. The
Eurofighter consortium targets further improvements to handle Radar and
DASS items which are now managed under this service.

Eurofighter Typhoon has been designed for ease of support over its full
service life, and will deliver high operational availability together
with low cost of ownership. IRS is a key component of the support
solution and allows Eurofighter nations to track critical parts on the
operating base or aircraft, through the industrial repair loop and
transportation system. Performance-related functionality links payment
for the exchange service to the supplier's performance, in terms of
waiting times and number of defects per flying hour. Payments and/or
penalties are also linked to agreed performance measurement criteria.
The groundbreaking system is now in use by over 200 users in Germany,
Spain, Italy and the United Kingdom. The users of the system are staff
of Eurofighter, the European Partner Companies (EPCs), Original
Equipment Manufacturers (OEM's), National Air Forces, the National
Support Center's, the International Weapon System Support Center,
Equipment Suppliers and Transportation Agencies working on the
Eurofighter project.

Iain Green, Managing Director of IFS Defence, added: "The IFS
Applications-based IRS system has reached another significant milestone
with the signature of this five-year support contract (Phase
3)—confirming Eurofighter's commitment to IFS Defence as supplier of a
key operation system for Typhoon aircraft in service with the British,
German, Italian and Spanish Air Forces and other potential export
customers. We will continue to invest in our software solution to
maintain our position as the leading supplier of Project Based ERP, EAM
and MRO solutions to the Aerospace & Defense market."

Aerospace and defense is one of IFS' targeted market segments. IFS
Applications™ provides market leading off-the-shelf component based
solutions that support Performance Based Logistics (PBL), Contractor
Logistics Support (CLS), and Fleet Operator programs; and solutions for
Defense Manufacturing, Maintenance Repair and Overhaul (MRO), Asset &
Fleet Management, Supply Chain Management and Product Lifecycle
Management.

Customers include the United States Army and Air Force Materiel
Commands, British Navy and Army and the Norwegian Navy and Air Force; as
well as the Eurofighter consortium—commercial MRO shops and service
operators include Bristow Helicopters, Aero-Dienst GmbH, K&L Microwave,
Hawker Pacific, Ensign Bickford, Todd Pacific Shipyards and Lufthansa
Technik Qantas (LTQ, formerly known as Jet Turbine Systems). In
addition, IFS provides solutions to original equipment manufacturers
(OEMs) such as General Dynamics, Lockheed Martin, BAE SYSTEMS, SAAB, and
GE Aircraft Engines.

Contact Information
Anne Vandbakk
Telefon: 46 8 58 78 45 00
Corporate Communications Director
anne.vandbakk@ifsworld.com (anne.vandbakk@ifsworld.com)

Frédéric Guigues
Telefon: 46 8 58 78 45 00
Investor Relations
frederic.guigues@ifsworld.com (frederic.guigues@ifsworld.com)