Top Ten Aerospace Companies Take Off With Oracle
PR Newswire - June 15, 1999 13:45
Oracle E-Business Solutions Link Aerospace Buyers and Suppliers
PARIS AIR SHOW, June 15 /PRNewswire/ -- All ten of the top U.S. aerospace companies, as ranked by Fortune Magazine, rely on Oracle software for business solutions. Marked by global consolidation and shrinking margins, aerospace and defense companies worldwide must be able to synchronize multiple, diverse, and geographically-dispersed operations in order to survive in their competitive environment. With Oracle e-business solutions, aerospace companies can better manage multiple contractors, global suppliers, and complex operations to bring together the thousands of parts required to build and maintain the most technically advanced machines in the world.
As part of its well-known annual accounting of the largest U.S. companies, the 1999 Fortune magazine "Fortune 500" survey ranked the following as the ten largest aerospace companies by revenue: Boeing, Lockheed Martin, United Technologies, AlliedSignal, Textron, Northrop Grumman, General Dynamics, B.F.Goodrich, Gulfstream Aerospace, and Sundstrand.
"In a global market, you can search out the best suppliers and bring high-quality parts together reliably, consistently, and on time," said George Kadifa, Oracle senior vice president for Americas Industrials. "But that's only half the battle. You must also closely track costs and that can mean dozens of different currencies. From integrated financials to strategic procurement to flow manufacturing, Oracle is providing the world's leading aerospace companies with a common, integrated e-business platform on which to run their businesses."
Thomson/CSF, an Oracle Applications customer, is an aerospace company headquartered in Paris, France. "Global competition has made consolidation an operational necessity," said Patrick Boquet, project manager at Thomson. "With Oracle, we were able to take a modular approach that allows us to link our different production units with our business units into a seamless network, giving us an integrated view of our entire operation."
Aerospace and defense giant Hughes Space and Communications (HSC), the world's leading manufacturer of advanced satellites, selected the Oracle database and Oracle(R) Financials because of the Oracle products' ability to deliver an accurate and timely picture of their business operations.
"The extensive functionality and flexibility of Oracle Financials enables Hughes to monitor, retrieve, and analyze specific costs associated with each satellite we build for our customers, at any time during the build cycle," said Radha Radhakrishnian, chief information officer for Hughes Space and Communications. "This will offer HSC a key competitive advantage as we move into the 21st century."
Oracle's Aerospace & Defense Solution covers the full life-cycle from bid and proposal management, program management, product data management, advanced supply chain planning and scheduling, to contract management and aftermarket service. Oracle offers its customers more choices to achieve the total integrated solution they need to compete and win in today's global economy.
Oracle is the world's leading supplier of software for information management, and the world's second largest independent software company. With annual revenues of more than $8.3 billion, the company offers its database, tools and application products, along with related consulting, education, and support services, in more than 145 countries around the world.
For more information about Oracle, please call 650-506-7000. Oracle's Worldwide Web address is (URL) oracle.com.
Trademarks
Oracle is a registered trademark and Oracle Financials is a trademark or registered trademark of Oracle Corporation. Other names may be trademarks of their respective owners.
SOURCE Oracle Corp.
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