This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

MBDA Selects PTC To Maintain Innovative Edge

PTC (Nasdaq: PMTC) today announced that MBDA, Europe’s leading missile systems manufacturer, has selected PTC’s product lifecycle management (PLM) technology solutions to help the company to bring its innovative defense solutions to market.

MBDA is a highly innovative multinational company operating in a competitive and demanding market. With constantly evolving customer requirements, the company has a need for modern engineering processes with a supporting technology infrastructure to ensure effective collaboration and program management over the long lifecycles of its complex systems.

“MBDA develops high precision complex weapons systems, requiring high integrity and world class systems engineering, electronic, software, and aero-mechanical engineering capabilities,” said an MBDA executive. “These engineering disciplines work collaboratively to ensure that all the products that we develop achieve the expected performance and can evolve quickly to respond to our customers’ changing needs.”

To protect innovation as a strategic priority and to sustain its ability to bring critical new solutions to market, MBDA is modernizing its collaboration platform to harness the creativity of its development teams distributed across Europe. MBDA launched the “PLCE” (Product Lifecycle Collaborative Environment) initiative to enhance its business processes and to create an integrated collaboration environment. After an extensive benchmark of PLM technology providers, MBDA chose PTC as its strategic partner to deliver the PLCE infrastructure. Once deployed, PLCE will provide an environment to enable distributed engineering teams to share product information and collaborate on model-based designs. This environment will be designed to comply with the strict security constraints of MBDA’s business.

“The complexity of missile systems is increasing at a rapid pace – in terms of customer demands, component structures, and supplier networks,” said Jim Heppelmann, president and CEO of PTC. “Addressing this complexity requires transformation to a modern, scalable system that can manage collaboration across a global development process. PTC has deep experience working with defense industry leaders, and is honored to have been selected by MBDA for such an important initiative.”

The selection validates, and further extends, PTC’s position as a leading PLM technology solution provider for the aerospace and defense (A&D) industry. According to CIMdata, a PLM strategic management consulting firm, PTC is the market leader in providing collaborative product definition management software and services to the A&D market.

About MBDA

With industrial facilities in five European countries and within the USA, in 2012 MBDA achieved a turnover of €3 billion with an order book of €9.8 billion. With more than 90 armed forces customers in the world, MBDA is a world leader in missiles and missile systems.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,151.24 +120.10 0.71%
S&P 500 2,002.11 +17.98 0.91%
NASDAQ 4,554.5530 +35.6510 0.79%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs