Lockheed Martin to Use Windchill
 NEEDHAM,
MA, Feb 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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Source: Material used in press releases is often supplied by external
sources and used as is.
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