Leading Aerospace and Defense Company Standardizes on PTC® PLM Solution for Collaboration, CAD Data Management, Change & Configuration Management

NEEDHAM, Mass. — (BUSINESS WIRE) — November 1, 2011 — PTC (Nasdaq: PMTC), The Product Development Company®, today announced that BAE Systems, Inc., and BAE Systems, Ltd. Australia, global aerospace and defense companies, have selected PTC’s PLM (product lifecycle management) solution as the cornerstone of its engineering product data management strategy.

To build on its strong history of delivering a full range of products and service for air, land and naval forces, BAE Systems is moving away from a number of disparate, disconnected databases and has selected PTC’s Windchill® PLM solution as its enterprise standard for product development. Windchill delivers a secure, global platform for access to product data and design to enable collaboration across disparate sites and partners, support effective change and configuration management and improve CAD data management in order to quickly respond to customer requirements.

“BAE Systems selects technology solutions that can help us achieve competitive advantage by providing customers with innovative, high quality solutions that support their mission objectives,” said Stewart Farnham, director of Engineering Tools Portfolio Management for BAE Systems, Inc. “PTC’s commercial software solution with its off-the-shelf capabilities has enabled us to quickly implement Windchill so we can strengthen that competitive differentiation. PTC understands our business processes and has proven its technical and services capabilities that will continue to be critical for this strategic, long-term partnership.”

“BAE Systems is one of the largest defense contractors in the world and has expanded its capabilities both organically and through acquisitions. Large, distributed organizations like BAE Systems realize the critical importance of having a single, integral technology platform for product development to deliver against time-to-market objectives” said Jim Heppelmann, president and CEO, PTC. “Because of this, BAE Systems has standardized on PTC’s PLM solution to optimize its product development processes. We look forward to continue helping them realize the value that PTC can bring to their strategic business initiatives.”

PTC provides PLM solutions that are 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 aerospace and defense companies as customers.

Additional Resources

• PTC’s Product Information Lifecycle Management (PLM) Resource Center (web site)
• What’s New in Windchill 10.0 (video)
• Windchill 10. 0 Interactive Experience (web site)
• Map Your Best Route to Product Value (eBook)

About BAE Systems

BAE Systems is a global defense and security company with approximately 100,000 employees worldwide. The Company delivers a full range of products and services for air, land and naval forces, as well as advanced electronics, security, information technology solutions and support services.

About PTC

PTC (Nasdaq: PMTC), The Product Development Company®, develops, markets and supports product development software solutions and related services that help companies achieve their product development strategies and optimize their processes. Using the company’s tightly integrated CAD and enterprise PLM solutions, organizations are better able to create and manage product information throughout the lifecycle for optimal product development success. More information may be found at www.ptc.com.

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The announcement of any particular selection of PTC software is not necessarily indicative of the timing of recognition of revenue therefrom or the level of revenue for any particular period. In addition, in many cases PTC’s software must be successfully implemented and deployed to enable the customer to achieve its business objectives. The announcement of a customer’s selection of PTC software does not indicate that applicable implementation and deployment activities are complete.

PTC and its logo, The Product Development Company, and Windchill, are trademarks or registered trademarks of Parametric Technology Corporation or its subsidiaries in the United States and other countries.

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