PTC® Provides Raytheon with Windchill® Product Lifecycle Management Solution for Global Product Development Management

PTC Delivers Standardized PLM Solution for Raytheon Design Anywhere, Build Anywhere, Support Anywhere Initiative

NEEDHAM, Mass. — (BUSINESS WIRE) — January 26, 2010 — PTC (Nasdaq: PMTC), The Product Development Company®, today announced that Raytheon Company, a global aerospace and defense organization, placed a significant order to standardize on PTC’s Windchill PLM software across the company as the cornerstone of its global Product Development Management strategy. Raytheon selected Windchill to replace its enterprise product data management system. Windchill enables Raytheon to create a common global collaborative environment for product design, development and production in support of its design anywhere, build anywhere, support anywhere business initiative.

The use of a single enterprise-wide PLM backbone will enable the company to more effectively harness the power of its world-wide organization in order to quickly deliver these critical new products to the market.

“Organizations with a large global presence realize the importance of having a single, integral PLM platform for product development,” said James E. Heppelmann, president and chief operating officer, PTC. “We are pleased to be working with Raytheon and look forward to continue helping them realize the value that PTC software can bring to its global product development initiatives.”

Windchill can help standardize common product development processes including change and configuration management, streamline product data and workflows, and provide immediate access to product information across the organization. Additionally, Windchill provides advanced search capabilities to support data reuse that can drive a more streamlined product development process.

“Windchill is a strategic information system,” said Paul Cunningham, executive vice president worldwide sales and distribution, PTC. “PTC’s commitment to product excellence supports a strategy to consistently develop and deliver high quality, innovative products to the market. With our commercial off-the-shelf software, PTC offers companies the opportunity to build a common technology platform for their PLM initiatives.”

About PTC Solutions for Aerospace and Defense

PTC provides product lifecycle management solutions designed to meet the requirements of the global aerospace and defense industry. These solutions enable digital automation of product development and program management processes, as well as complete visibility and control over program information for secure, collaborative product development. PTC is an industry leader with 18 of the top 20 aerospace and defense companies as customers.

About PTC

PTC (Nasdaq: PMTC) provides discrete manufacturers with software and services to meet the globalization, time-to-market and operational efficiency objectives of product development. Using the company’s CAD and content and process management solutions, organizations in the Industrial, High-Tech, Aerospace and Defense, Automotive, Consumer and Medical industries are able to support key business objectives and create innovative products that meet customer needs and comply with industry regulations. For more information on PTC, please visit http://www.ptc.com.

The announcement of any particular selection of PTC products is not necessarily indicative of the timing of recognition of revenue therefrom or the level of revenue for any particular period. In addition, in many cases PTC’s software must be successfully implemented and deployed to enable the customer to achieve its business objectives. The announcement of a customer’s selection of PTC software does not indicate that applicable implementation and deployment activities are complete.

PTC and its logo, The Product Development Company, and Windchill are trademarks or registered trademarks of Parametric Technology Corporation and/or its subsidiaries in the United States and in other countries.



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Amanda Keane, 617-520-7260
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