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    PTC   US69370C1009


Delayed Nasdaq  -  04:00 2022-12-08 pm EST
121.76 USD   +0.10%
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PTC Inc : MBDA Selects PTC To Maintain Innovative Edge

06/18/2013 | 08:20am EST

PTC PLM Solutions to enhance collaboration within MBDA

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.

MBDA is the only group capable of designing and producing missiles and missile systems that correspond to the full range of current and future operational needs of the three armed forces (land, sea and air). In total, the group offers a range of 45 missile systems and countermeasures products already in operational service and more than 15 others currently in development.

MBDA is jointly held by BAE SYSTEMS (37.5%), EADS (37.5%) and FINMECCANICA (25%).

About PTC

PTC (Nasdaq: PMTC) enables manufacturers to achieve sustained product and service advantage. The company's technology solutions transform the way products are created and serviced across the entire product lifecycle - from conception and design to sourcing and service. Founded in 1985, PTC employs over 6,000 professionals serving more than 27,000 businesses in rapidly-evolving, globally distributed manufacturing industries worldwide. Get more information at www.ptc.com.

Follow us on Twitter - Watch us on YouTube - Connect with us on LinkedIn - Join our PTC Community - Visit us on Facebook - View other Social Media Platforms

The announcement of a customer's selection, implementation, deployment or adoption of PTC software is not necessarily indicative of the timing or amount of revenue from such engagement or of PTC's overall revenue for any particular period.

PTC and the PTC logo are trademarks or registered trademarks of Parametric Technology Corporation or its subsidiaries in the United States and other countries.

PTC Corporate Communications
Beth Ambaruch, 952-435-5058
Weber Shandwick
Anand Savani, 617-520-7290

ę Business Wire 2013
All news about PTC INC.
12/07Insider Sell: Ptc
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12/06Insider Sell: Ptc
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Analyst Recommendations on PTC INC.
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Financials (USD)
Sales 2023 1 956 M - -
Net income 2023 340 M - -
Net Debt 2023 683 M - -
P/E ratio 2023 41,7x
Yield 2023 -
Capitalization 14 303 M 14 303 M -
EV / Sales 2023 7,66x
EV / Sales 2024 6,64x
Nbr of Employees 6 503
Free-Float 89,6%
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Technical analysis trends PTC INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 121,76 $
Average target price 142,33 $
Spread / Average Target 16,9%
EPS Revisions
Managers and Directors
James E. Heppelmann President, Chief Executive Officer & Director
Kristian P. Talvitie Chief Financial Officer & Executive Vice President
Robert P. Schechter Independent Chairman
Steve Dertien Chief Technology Officer & Executive VP
Paul A. Lacy Independent Director
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