Like many defense manufacturers, Force Protection has a paramount task: develop innovative technology to save the lives of military personnel. Additionally, the company’s environment is characterized by a complex supply chain and the need to comply with numerous government regulations. The company required a PLM solution that would enable enterprise-wide collaboration, with complete traceability throughout the product development lifecycle with the aim of providing increased visibility to decision-makers.
PTC Windchill was selected as the enterprise PLM solution after an extensive technical benchmark against other large PLM solution providers. With Windchill, Force Protection will able to better align with the United States Army and other key suppliers so they can improve cost-estimating capabilities to remain cost competitive, drive faster design cycles to deliver next-generation, innovative vehicles and accelerate time to market of its expanding line of vehicles.
“Force Protection continually evaluates technology solutions that can help advance our competitive edge by helping us bring higher quality products to market in shorter timeframes,” said Mark Edwards, executive vice president of development, Force Protection, Inc. “As a company, we are always pushing the limits of our technology solutions. The PTC Product Development System offers a comprehensive set of capabilities that meets our most critical and dynamic product development requirements.”
“Organizations that experience rapid, significant growth like Force Protection realize the critical importance of having a single, integral technology platform for product development,” said C. Richard Harrison, chairman and chief executive officer, PTC. “Force Protection standardized on PTC software because it was the best technology to help drive productivity and efficiencies in product development and will enable Force Protection to focus on creating products that save lives. We look forward to continue helping Force Protection realize the value that the PTC Product Development System can bring to their business.”
About PTC Solutions for Aerospace and Defense
PTC (Nasdaq: PMTC) 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 A&D companies as customers.
About Force Protection, Inc.
Force Protection, Inc. is a leading American designer, developer and manufacturer of survivability solutions, predominantly ballistic- and blast-protected wheeled vehicles currently deployed by the U.S. military and its allies to support armed forces and security personnel in conflict zones. The company’s specialty vehicles, the Cougar, the Buffalo and the Cheetah, are designed specifically for reconnaissance and urban operations and to protect their occupants from landmines, hostile fire, and improvised explosive devices (IEDs, commonly referred to as roadside bombs). The company also is the developer and manufacturer of ForceArmor™ an armor package providing superior protection against explosively formed projectiles (EFPs) now available for a wide range of tactical-wheeled vehicles. The company is one of the original developers and primary providers of vehicles for the U.S. military’s Mine Resistant Ambush Protected, or MRAP, vehicle program. For more information on Force Protection and its vehicles, visit www.forceprotection.net.
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 both customer needs and comply with industry regulations. For more information on PTC, please visit 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 successful development and integration of the
technologies necessary to offer integrated PLM solutions that address
the evolving product lifecycle management functions for the aerospace
and defense industry, including the ability to be deployable across an
extended supply and customer chain and to satisfy the data management,
regulatory and security needs of these customers; the ability of PTC to
successfully partner and effectively coordinate and manage joint
activities (including sales, marketing, implementation and support) with
third parties in order to efficiently and cost effectively deliver
products and services that meet customer requirements; the success of
PTC’s customer satisfaction initiatives in providing the foundation for
long-term relationships and repeat business; the possibility that
current economic conditions could cause our customers to reduce or
forego investment in our solutions and/or could negatively impact our
ability to collect receivables due from our customers, either of which
would negatively impact our cash from operations and thereby reduce
amounts available to invest in our business initiatives; 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 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.
