IFS Signs Multimillion-Dollar Contract with Derco Aerospace; World Leader in Military Aircraft Logistical Support Will Implement IFS MRO and Business Software

Business Wire, May 16, 2001

Business Editors

CHICAGO--(BUSINESS WIRE)--May 16, 2001

IFS has signed a multimillion-dollar contract with Derco Aerospace Inc. of Milwaukee, to provide business software and services.

Derco is a world leader in providing military aircraft logistical support that includes supplying spare parts and performing repair and overhaul services. It will implement IFS Applications(TM) component-based software for the extended enterprise and IFS' maintenance, repair and overhaul (MRO) software.

"No other software vendor could provide the broad integrated functionality that fits our distribution and repair needs in the aerospace industry," said Mark Hoehnen, Derco executive vice president and general manager. "We offer around-the-clock aircraft-on-ground service to our customers anywhere in the world.

"To do that, we need an advanced business system that will give us real-time data for timely response to our customers' needs and rapid deliveries from stock."

Derco will implement IFS enterprise applications, vehicle information management, service management, e-business capabilities, and enterprise asset management.

Derco provides logistical support for a wide variety of military aircraft to more than 1,200 customers in 69 countries. It maintains the largest and most diversified military aircraft spare parts inventory in the world. It forecasts, stocks, and maintains more than 180,000 genuine original equipment manufacturer (OEM) part numbers from the industry's leading manufacturers.

The company also provides MRO services for military and commercial aircraft accessories and components through its affiliate Derco Repair Services Inc., a certified FAA repair station. Derco Repair Services specializes in the repair and overhaul of aircraft hydraulic, fuel, mechanical, electrical, and pneumatic system components.

Derco supports the C-130, F-4, F-5, F-16, A-4 and P-3 military aircraft, and a variety of commercial aircraft from Boeing, McDonnell Douglas, Airbus, Embraer, Canadair, Fokker and others.

About IFS and IFS Applications (www.ifsworld.com)

IFS develops and supplies component-based business applications that streamline operations in medium-size and large enterprises and that offer step-by-step evolution to the extended enterprise.

IFS Applications offers web-based business applications, including customer relationship management (CRM) and supply chain management components, Internet storefronts, e-markets, and e-procurement solutions. IFS' eBusiness solutions provide seamless integration of all data sources from the fastest web sites and exchanges to legacy enterprise resource planning (ERP).

Sales of IFS Applications are the fastest growing worldwide in the market for large-scale business applications. Today IFS is one of the 10 largest companies in the world in this industry, with over 3,600 employees and sales in 43 countries.

IFS Applications is a trademark of IFS Industrial and Financial Systems. All other referenced company or product names are trademarks or registered trademarks of their respective owners.