INDIANAPOLIS (AP) – Indiana's Bureau of Motor Vehicles plans to outsource the production and distribution of the state's license plates and vehicle registrations for the next several years. 

WISH-TV reported (http://bit.ly/1H1xXrQ ) Monday the BMV has entered into a $72 million contract with Intellectual Technology Inc. The company and will receive yearly payments from the Indiana BMV until the end of 2019. 

The company is based in California but has a logistics and operations office in Fort Wayne. It has handled vehicle registration services since 2009 and holds contracts with 13 other states The new contract will add plate production to the deal and is expected to save the BMV nearly $14.4 million over five years. 

BMV officials say the decision will help bring new jobs to Fort Wayne and streamline BMV services.