LONDON, UK, Mar 31, 2010 (MARKETWIRE via COMTEX) -- Xchanging's procurement processing platform to drive efficiencies and reduce costs in non-core procurement for SELEX Galileo

LONDON, 31 March 2010 - SELEX Galileo, a leader in the defence electronics market has signed a three year contract with Xchanging plc /quotes/comstock/23s!e:xch (UK:XCH 194.57, -1.00, -0.51%) , one of the largest and fastest growing global business processors. The contract will see Xchanging manage an annual spend of circa GBP 17 million on behalf of SELEX Galileo's UK business.

In providing an enhanced procurement service to SELEX Galileo operations in the UK, Xchanging will consolidate spend management and help reduce overall non-core procurement costs. As part of the contract Xchanging will be responsible for sourcing a number of spend categories including resourcing, learning and development, travel, protective clothing, office supplies, furniture, couriers and freight.