United Defense Selects PTC for Product Lifecycle Management
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United Defense Selects PTC for Product Lifecycle Management

Defense Leader Purchases 900 seats of Windchill for Armament Systems Division

NEEDHAM, Mass., April 23 /PRNewswire-FirstCall/ -- PTC , the product development company, today announced that United Defense Industries, Inc.'s Armament Systems Division (ASD) has purchased 900 seats of PTC's Windchill for product lifecycle management (PLM). Windchill will allow United Defense's ASD to facilitate work between employees and to align itself more closely with its customers in various branches of the Armed Services on a multitude of Department of Defense contracts. The software shipped during PTC's second fiscal quarter (ended March 29, 2003.)

Having already standardized on PTC's Pro/ENGINEER design software, the addition of PTC's Windchill provides United Defense's ASD with a tightly integrated product development system for product design and collaboration. United Defense engineers can design products and share that design information both internally and with members of the Armed Forces and Department of Defense for efficient product development.

"Our engineers have experienced the benefits of true electronic collaboration for the last 7 years managing multiple document types," said Reg Hubbartt, IS manager at United Defense. "They have another 15 years managing CAD data. Our engineers are mature PLM users, demanding tools that are user friendly and that provide the opportunity for integration of information with remote users and customers. We look forward to this new relationship with PTC and to using the Windchill solution."

"United Defense recognizes the advantages inherent in an integral PLM system," said Paul Cunningham, executive vice president, Worldwide Sales at PTC. "By designing and collaborating in a single environment, United Defense and all of its external partners will be able to add value to the product design and development process, reducing costs while bringing higher quality products to market."

The Armament Systems Division of United Defense is a leading developer of land and naval combat systems and precision munitions. Today's products include production of the Mk 45 Naval Gun System and the Mk 41 Vertical Launching Systems and Mk 41 missile launching canisters. The division is leading the design of the Advanced Gun System and the Advanced Vertical Launching System for the Navy's new DD(X) destroyer. Additionally, the division is leading the design efforts for the Non-Line of Sight Cannon (NLOS- C) for the Army's Future Combat System.

About United Defense Industries, Inc.

United Defense is a leader in the design, development and production of combat vehicles, artillery, naval guns, missile launchers and precision munitions used by the U.S. Department of Defense and allies worldwide, and is America's largest non-nuclear ship repair, modernization and conversion company. To learn more about United Defense Industries, Inc., visit http://www.uniteddefense.com/.

About PTC

PTC (NASDAQ: PMTC) develops, markets, and supports software solutions that help manufacturers win with superior products. PTC is the world's largest software company with a total commitment to product development and product lifecycle management (PLM.) The company services more than 35,000 customers worldwide. Further information on PTC is available at http://www.ptc.com/go/pr or call 1-888-782-3776, ext. 901.

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 successful development and integration of the technology necessary to offer software solutions and related services that adequately address product development challenges 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 and 10-Q. The announcement of any particular order is not necessarily indicative of the timing of recognition of revenue there from or the level of revenue for any particular period.

PTC and its logo, Pro/ENGINEER, Wildfire, Windchill, and all PTC product names and logos are trademarks or registered trademarks of Parametric Technology Corporation or its subsidiaries in the United States and in other countries.

  Investor Relations Contact:                 Public Relations Contact:
   Meredith Mendola                           Roberta Carlton
   (781) 370-6151                             (781) 370-5479
   
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CONTACT: Investor Relations, Meredith Mendola, +1-781-370-6151,
Email Contact, or Public Relations, Roberta Carlton, +1-781-370-5479,
Email Contact

Web site: http://www.ptc.com/
http://www.uniteddefense.com/