Telelogic Signs 1.1 MEUR Agreement with Leading Aerospace and Defense Company
MALMÖ, Sweden and IRVINE, California – March 17, 2008 – Telelogic (Nordic Exchange/MidCap/TLOG) today announced that a global leader in aerospace, defense and related services has signed a license and maintenance agreement for Telelogic’s modeling solutions with a value of 1.1 MEUR.
With the market leading capabilities and industry proven record the company selected Telelogic’s modeling solutions and will deploy them across key development departments within their organization.
“We are delighted that yet another giant within the aerospace and defense community has selected Telelogic’s market leading modeling solutions,” said Anders Lidbeck, President and CEO of Telelogic. “The agreement further evidences Telelogic as the solution provider of choice in the aerospace and defense industry.”