Needham, MA - February 19, 2008 - PTC (Nasdaq: PMTC), The Product Development Company®, today announced that Lockheed Martin's Electronic Systems (ES) has selected Windchill®, PTC's Product Lifecycle Management solution, to replace its multiple legacy product data management systems. Windchill will allow Electronic Systems to move toward a consolidated technology platform for managing all critical product information. Electronic Systems is one of Lockheed Martin's four business areas.
Lockheed Martin Electronic Systems will use Windchill to support change and configuration management in the production of key military systems and to smooth the IT consolidation among its multiple lines of business. Additionally, Windchill will enable Electronic Systems to share design details early in the design process to better inform its decision makers and to provide visibility and traceability during the entire development effort.
In addition to Windchill, Lockheed uses other products within the PTC Product Development System (PDS), including Pro/ENGINEER® for digital product designs, Mathcad® for engineering calculations and Arbortext® for dynamic publishing.
''We are pleased to provide Lockheed Martin Electronic Systems with a single technology platform," said C. Richard Harrison, president and chief executive officer, PTC. ''Lockheed Martin has long recognized the value of optimizing business-critical product development processes like a well-defined and orderly process for controlling changes to product configurations. We look forward to helping them realize the value that the PTC Product Development System can bring to their PLM deployment.''
About Lockheed Martin
Headquartered in Bethesda, MD, Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation reported 2007 sales of $41.9 billion. For more information on Lockheed, please visit http://www.lockheed.com.
About PTC Solutions for Aerospace and Defense
PTC (Nasdaq: PMTC) provides product lifecycle management solutions designed to meet the requirements of the global aerospace and defense industry. These solutions enable digital automation of product development and program management processes, as well as complete visibility and control over program information for secure, collaborative product development. PTC is an industry leader with 18 of the top 20 A&D companies as customers.
About PTC
PTC (Nasdaq: PMTC) provides leading product lifecycle management (PLM), content management and dynamic publishing solutions to more than 50,000 organizations worldwide. PTC customers include the world's most innovative companies in manufacturing, publishing, services, government and life sciences industries. PTC is included in the S&P Midcap 400 and Russell 2000 indices. For more information on PTC, please visit http://www.ptc.com.
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