Airlines Gain Visibility into Fuels Data across Providers and Airport Locations with Latest Release from Varec
May 15, 2017 – Atlanta, GA - Varec, a wholly-owned subsidiary of Leidos, and leading innovator in the petroleum and chemical sectors, today announced that its FuelsManager® Aviation Enterprise v9 edition is now widely available. Launched in mid-February of 2017 for existing version seven customers, this latest edition aggregates fueling data from into-plane fuel suppliers making it easier to access reporting data under a single interface.
Customers of the Varec FuelsManager Aviation Enterprise solution include several large into-plane providers for main line air carriers across the U.S. and abroad, such as Swissport, Skyfuel, ASIG and FSM. Prior to the release of this latest version, airlines seeking to access data collected under FuelsManager Accounting or Dispatch had to log into each -plane provider’s account. Today, airlines have one enterprise level login for FuelsManager where they can view and compare transactions, fuel inventory levels, wingtip productivity, dispatch activities and more across providers and airports.
Marty Favero, President of Varec said, “Based on an airline’s individual needs, we can also create custom reports to further analyze this information, or integrate the data into existing ERP systems. We have removed the burden of having to aggregate this fuels data from multiple sources.”
In 2016, FuelsManager Aviation provided fuels management for 22 billion gallons of fuel and five million flights across 50 U.S. and Canadian airports. Tank operators gain access to timely reports and accurate daily reconciliation of bulk fuel stocks with FuelsManager. Service providers have a complete fueling resource and transaction management solution at the ramp, and in the back office. Additionally, airline fuels managers are able to make more informed decisions through better reporting with integrated operational data between service providers and airlines.
Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in the company’s Annual Report on Form 10-K for the period ended December 30, 2016, and other such filings that Leidos makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.
Varec, Inc., a wholly owned subsidiary of Leidos, is considered the pioneer of inventory tank gauging instrumentation nearly 90 years ago. Today, Varec is a worldwide leader in fuels management systems for total asset visibility and control, supplying integrated hardware and software solutions to oil and gas, defense and aviation markets. The Varec FuelsManager suite of product solutions has been a longtime standard of major oil companies and the U.S. Department of Defense, as well as aviation tank farm operators and service providers. With its headquarters and manufacturing facility outside of Atlanta, Georgia, Varec also has offices in Virginia, Australia and the United Kingdom. For more information, visit www.varec.com.
Leidos is a global science and technology solutions and services leader working to solve the world's toughest challenges in the defense, intelligence, homeland security, civil and health markets. The company's 32,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $7.04 billion for the fiscal year ended December 30, 2016. For more information, visit www.Leidos.com.