British Defense Logistics Organization Selects BAE SYSTEMS-IFS.Business Editors CHICAGO--(BUSINESS WIRE)--Sept. 13, 2001 BAE SYSTEMS-IFS has been selected as the preferred software application supplier for the United Kingdom Defense Logistics Organization in conjunction with its defense requirement for unit material management system. DRUMM will control the tasking, scheduling, maintenance and modification of all British army The British Army is the land armed forces branch of the British Armed Forces. It came into being with unification of the governments and armed forces of England and Scotland into the United Kingdom of Great Britain in 1707. unit equipment. Many of these army units are likely to be deployed around the globe at any one time. The DRUMM system is an essential part of the organization's modernization modernization Transformation of a society from a rural and agrarian condition to a secular, urban, and industrial one. It is closely linked with industrialization. As societies modernize, the individual becomes increasingly important, gradually replacing the family, program and will interface with other new military systems. Approximately 20,000 users across the British army will access the DRUMM system, which will use IFS Applications software with extensions for defense requirements. This technology will allow the organization to not only operate DRUMM under demanding field conditions, but also across its evolving defense electronic commerce service infrastructure. The technology will fully integrate with a new defense stores management solution and legacy systems. To achieve a 20 percent reduction in defense logistics costs by 2005 and to sustain long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. improvements, the military is seeking greater value for money through an innovative and co-operative solutions approach. BAE SYSTEMS-IFS solutions are expected to support cost savings with an Internet-based infrastructure that provides factory-to-frontline connectivity. IFS Applications has been selected by other aerospace and defense organizations, including General Electric, General Dynamics General Dynamics Corporation (NYSE: GD) is a defense conglomerate formed by mergers and divestitures, and as of 2006 it is the sixth largest defense contractor in the world[1]. The company has changed markedly in the post-Cold War era of defense consolidation. , Eurofighter, BAE SYSTEMS BAE Systems British manufacturer of aircraft, missiles, avionics, naval vessels, and other aerospace and defense products. BAE Systems was formed (1999) from the merger of British Aerospace (BAe) with Marconi Electronic Systems. and the royal Norwegian Norwegian associated in some way with Norway. Norwegian buhund, Norwegian sheepdog a medium-sized (26-40 lb), spitz-type dog with a short, dense coat in wheaten, black, red or sable, sometimes with black markings on the face, ears air force and navy. "This is further confirmation of our strategy to form alliances with market-leading partners in selected segments. Like our other strategic partners, BAE SYSTEMS has a level of competence, a market position and a contact network in its industry segment that would take years for IFS to establish. "By collaborating with partners like BAE SYSTEMS, we get faster return on the heavy investments we have made in R&D in recent years," said Bengt Nilsson Nils·son , Birgit Born 1918. Swedish operatic soprano noted for her Wagnerian roles. Noun 1. Nilsson - Swedish operatic soprano who played Wagnerian roles (born in 1918) Brigit Nilsson, Marta Brigit Nilsson , IFS president and chief executive officer. BAE SYSTEMS-IFS is a 50/50 joint venture company headquartered in the United Kingdom. BAE SYSTEMS-IFS expects to post the license fees from this deal as revenue during 2002. One third of the license revenue accrues to IFS R&D, with the remainder being shared equally between BAE SYSTEMS and IFS. About BAE SYSTEMS-IFS (www.baesystems-ifs.com) BAE SYSTEMS-IFS is a joint venture company headquartered in the United Kingdom. It combines the resources of the world's largest defense contractor Noun 1. defense contractor - a contractor concerned with the development and manufacture of systems of defense armed forces, armed services, military, military machine, war machine - the military forces of a nation; "their military is the largest in the region"; , BAE SYSTEMS and the fastest-growing company in the business applications market, IFS. BAE SYSTEMS-IFS supports armed forces, government bodies and defense contractors worldwide with solutions that combine best practice, domain expertise, market-proven commercial-off-the-shelf software and structured implementation services. It provides one global source that can help organizations design equipment for supportability, plan for whole-life equipment support and manage product life-cycle life-cycle - software life-cycle support with component-based business applications. About BAE SYSTEMS (www.baesystems.com) BAE SYSTEMS is the global systems, defense and aerospace company. It employs more than 100,000 people worldwide, has nine home markets and annual sales of more than (pound)12.3 billion. BAE SYSTEMS' world-class prime contracting capability combines key in-depth skills in defense and civil aviation, enabling it to manage the most complex high-level systems tasks. BAE SYSTEMS designs, manufactures and supports civil and military aircraft, surface ships, submarines, space systems, radar, avionics avionics (ā'vēŏn`ĭks), electronic instruments used in air or space flight; also the design and production of such instruments. Early planes had few instruments, but as aviation and aircraft became more complex, so did instrumentation. , communications, electronics, guided weapon systems and a range of other defense products, many with international partners. The company's key skills include systems integration, complex software and hardware development, and advanced manufacturing. About IFS (www.ifsworld.com) IFS develops and supplies component-based business applications for medium and large enterprises. IFS Applications, which is based on web and portal technology, offers 60+ enterprise application components used in manufacturing, supply chain management, customer relationship management, financials, engineering, maintenance and human resource administration. IFS provides customers step-by-step evolution to the extended enterprise with e-business solutions that offer partner, customer, and supplier collaboration Working together on a project. See collaborative software. . A top five global business applications supplier, IFS has more than 3,500 employees, with sales in 43 countries. The company is listed on the Stockholm Stock Exchange The Stockholm Stock Exchange (Swedish: Stockholmsbörsen) is a stock exchange located in Stockholm, Sweden. Founded in 1863 [1] it is the primary securities exchange of the Nordic Countries. (XSSE:IFS). |
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