PTC Receives $8.6 Million Order From Lockheed Martin
Lockheed Martin Space Systems Selects PTC's Windchill As Collaborative Product
Development Standard
WALTHAM, Mass., Oct. 2 /PRNewswire/ -- PTC (Nasdaq: PMTC), a leading provider of Collaborative Product Commerce (CPC) solutions, today announced that it has received a new three year contract from Lockheed Martin Space Systems, a business unit of Lockheed Martin Corporation (NYSE: LMT), the world's largest defense contractor. The follow on order is for $8.6 million in Windchill software and services. With this purchase, Lockheed Martin Space Systems has selected Windchill as its collaborative product development and Product Data Management (PDM) standard. The software was shipped during PTC's fourth fiscal quarter (ended September 30, 2000.)
(Photo: newscom.com )
"This follow on order from Lockheed Martin Space Systems underscores the success PTC enjoys in the aerospace industry, the defense industry and within Lockheed Martin itself," said James P. Baum, executive vice president and general manager, Windchill Solutions at PTC. "We believe that Lockheed Martin's deployment of Windchill has provided a handsome return on investment in terms of cost efficiency, time to market and overall competitive advantage. Meanwhile, Lockheed Martin's strategic involvement in the Windchill product program assists us in continuing to enhance the product to the benefit of all our customers."
"Windchill is a primary component of our strategic corporate collaborative initiative," said Grover Hall, vice president of engineering, Lockheed Martin Space Systems, Astronautics Operations. "We seek to deliver products to market faster than ever before, and faster than other companies in our industry. Windchill enhances these efforts."
Lockheed Martin Space Systems' Enterprise Product Data Management (EPDM) program is part of the Space Systems' One Company Enterprise Resource Management initiative. "Windchill is an important element of our EPDM program," said Curt Bigelow, program manager, EPDM at Lockheed Martin Space Systems- Astronautics Operations. "The partnership with PTC has produced a CPC environment that allows us to integrate our product data and collaborate through the product lifecycle across our entire value chain."
PTC's products are currently deployed in the majority of Lockheed companies. |
