NEEDHAM, MA – June 18, 2013 – With the world’s economies still in a cautious mode, aerospace and defense manufacturers view investment in product lifecycle management (PLM) strategies as a way to innovate, differentiate, and drive efficiency into product development initiatives. PTC (Nasdaq: PMTC) today announced it is a leading provider of PLM software to aerospace and defense (A&D) manufacturers, as defined by industry analyst firm CIMdata.
Aircraft manufacturers need to implement ways to modernize their technology infrastructure and business processes to meet rising market demand. Industry experts estimate that as many as 33,000 new aircraft will be delivered to market over the next 20 years due to the need for more fuel-efficient aircraft, the growing world population, and the aging condition of the existing fleet. PLM plays a critical role in helping manufacturers address these demands by bringing new aircraft to market faster and efficiently while delivering the highest level of quality.
Brazil-based Embraer, one of the world’s largest aircraft manufacturers, selected PTC PLM technology solutions to help them bring new innovative aircraft to market faster, more efficiently and with the highest levels of quality. Switching from its legacy PLM provider, Embraer is preparing for an expected increase in demand for new, more complex aircraft in the coming years.
Read the full press release or visit the PTC News Room: http://www.ptc.com/appserver/search/newsroom.jsp