Lockheed Martin Launching Systems Goes Live With Large-Scale Windchill Implementation; Enables Virtual Collaboration of Geographically Dispersed Product Teams.
WALTHAM, Mass.--(BUSINESS WIRE)--Sept. 15, 1999--
Parametric Technology Corporation |Parametric Technology Corporation]]
Parametric Technology Corporation (PTC)(NASDAQ: PMTC) provides Product Lifecycle Management (PLM) engineering CAD/CAM software and content management and dynamic publishing solutions to more than 40,000 companies worldwide. (NASDAQ NASDAQ
in full National Association of Securities Dealers Automated Quotations
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PMTC Pacific Missile Test Center
PMTC Professional Multimedia Test Center ) today announced that Lockheed Martin For the former company, see .
Lockheed Martin (NYSE: LMT) is a leading multinational aerospace manufacturer and advanced technology company formed in 1995 by the merger of Lockheed Corporation with Martin Marietta. Launching Systems, an operating unit operating unit
A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon of Lockheed Martin Government Electronic Systems (GES GES GTN (Global Transportation Network) Exercise System
GES General Estimates System (NHTSA)
GES Ghana Education Service
GES Government Economic Service (UK) ), has gone live with more than 500 seats of PTC's Windchill software for product and process lifecycle management. Windchill's robust information-sharing environment enables geographically dispersed divisions of GES, its supply chain and customers to create a cohesive design and production operation and function as a virtually co-located enterprise. GES has plans to roll out the Windchill-based IDE to more than 3,000 users by mid-year 2000.
"We're empowering users across our value chain, from the shop floor to the executive suite, with enterprise-wide information access via the web," said Michael Dominik, GES' IDE program manager. "The ability to integrate our employees, partners, suppliers and customers throughout the product and process lifecycle increases our competitive advantage in delivering superior products and value to our customers."
Windchill enterprise information management software is an integral part of GES' Integrated Data Environment (IDE), a web-based enterprise information management system. Collectively, Windchill and GES' IDE provides users with the necessary services to manage all forms of product data across the entire product lifecycle Product lifecycle or product life cycle is the course of a product's sales and profits over time. The five stages of each product lifecycle are product development, introduction, growth, maturity and decline. and will help GES achieve its aggressive goals for reduced time-to-market cycles, customer satisfaction and reduction of cost.
"IDE integration is a key initiative sought by the Vertical Launching Systems community," said Timothy Fouts, Launching Systems' manager of administration systems. "This move from limited production to large-scale production is the first of many steps to enhance communication and collaboration among our employees, partners, suppliers and customers. It will revolutionize the way we do business and through process improvements, ensure the future success of the program."
GES is building its information structure around flexible data models to effectively manage all related product and business information in a federated Connected and treated as one. See federated database and federated directories. data repository See repository. . By emphasizing customer value, speed of implementation and 24x7 customer support, the IDE enterprise information management system extends beyond the traditional engineering domain to span all business disciplines over the entire program lifecycle. To learn more about the Windchill-based GES IDE, see http://www.ptc.com/profiles/lockheed2/index.htm.
About Lockheed Martin GES
Lockheed Martin Government Electronic Systems, headquartered in Moorestown, New Jersey, is part of Lockheed Martin Naval Electronics & Surveillance Systems, which provides surface ship and submarine combat systems, antisubmarine warfare Operations conducted with the intention of denying the enemy the effective use of submarines. Also called ASW. and ocean surveillance systems, missile launching systems, radar and sensor systems ship systems integration services, and other advanced systems and services to customers worldwide. Naval Electronics & Surveillance Systems is the largest business organization in Lockheed Martin Electronics Sector, a leader in the design, development and manufacture of advanced electronic systems for global defense, aerospace, civil and commercial markets.
Parametric Technology Corporation, founded in 1985 and headquartered in Waltham, Mass., develops, markets and supports integrated product development and lifecycle management solutions that help companies spur innovation and achieve sustained competitive advantage. PTC's software solutions are complemented by the strength and experience of its professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. organization, which provides training, consulting and support to customers worldwide. In its fiscal year ended September 30, 1998, the company achieved more than $1 billion in revenue. PTC can be reached at 781-398-5000, or via the web at http://www.ptc.com.
Except for the historical information contained herein, matters discussed in this news release may constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include PTC's ability to anticipate and adequately respond to evolving customer requirements and to deliver products and services that meet those requirements together with such other risks and uncertainties as are detailed from time to time in reports filed by PTC with the Securities and Exchange Commission, including PTC's most recent reports on Form 10-K Form 10-K
A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.
See 10-K. and 10-Q.
Parametric Technology Corporation and Windchill are registered trademarks and all names in the PTC product family as well as the PTC logo are trademarks of Parametric Technology Corporation or its subsidiaries in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and in other countries. All other companies and products referenced herein have trademarks or registered trademarks of their respective holders.