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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- 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 + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV