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Lockheed Martin licenses IFS Applications to service assets for $3.5 billion US Army contract

06/12/2018

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Lockheed Martin licenses IFS Applications to service assets for $3.5 billion US Army contract

IFS supply chain and logistics software will be used on sustainment of 300,000 fielded assets over seven years 

December 6, 2018 - IFS, the global enterprise applications company, has signed a contract with Lockheed Martin (NYSE: LMT) for 2,600 user licences of IFS Applications™ modules for supply chain management, warehouse management, purchasing and other functionality. 

IFS Applications software will be a key tool for Lockheed Martin as they deliver on a seven-year, $3.5 billion contract to globally sustain more than 300,000 fielded Training Aids, Devices, Simulators and Simulations (TADSS), including live-fire ranges and instrumentation systems in support of the US Army TADSS Maintenance Program (ATMP) contract. IFS Applications will be used to ensure that materials, parts and resources are available to sustain these assets. As part of a subsequent phase, IFS will provide powerful scheduling capabilities for mobile technicians servicing the assets.

Lockheed Martin is one of a number of major aerospace and defence (A&D) companies that rely on IFS Applications. Analysts have recognised IFS for its sizeable customer base of defence agencies, tier I and tier II aerospace contractors. In October, IFS was ranked as the number one vendor of enterprise asset management (EAM) software for the A&D sector. This is the tenth consecutive year that IFS has been named as the global A&D market leader by the major research and advisory firm ARC Advisory Group.

“As a recognised leader in aerospace and defence software, IFS Applications will provide the logistics and supply chain functionality to support this contract,” said Scott Helmer, President, Aerospace and Defence Business Unit at IFS. “This solution will then be extended with IFS planning and scheduling optimisation software, which will enable Lockheed Martin to rely on artificial intelligence (AI) algorithms to automate the real-time management of mobile technicians according to shifting demands and priorities.”

IFS Regional President, Americas, Cindy Jaudon added, “A company delivering on major US Department of Defense (DoD) contracts while ensuring they meet or exceed service level agreements (SLAs) needs a robust, proven software platform capable of managing the entire contract lifecycle. That is what we can deliver here, in a commercial-off-the-shelf (COTS) solution.”

To learn more about IFS solutions for aerospace and defence, visit: https://www.ifsworld.com/uk/industries/aerospace-and-defence/.