Raytheon Selects Windchill for Product Data Management Standard; 18 Mo

    Defense Writers/High-Tech Editors

    NEEDHAM, Mass.--(BUSINESS WIRE)--April 25, 2005--PTC (Nasdaq: PMTC), the Product Development Company(TM), today announced that Raytheon Company, a world leader in aerospace and defense technology, has selected Windchill PDMLink(TM) as its Product Data Management (PDM) standard. Windchill PDMLink is a product data management solution that Raytheon will use to control program information and manage the product development process throughout the life cycle of a program. Raytheon is a long-standing customer of PTC's award-winning design solution Pro/ENGINEER(R), which is in use in 34 Raytheon sites around the world.
    "Raytheon's continued relationship with PTC further validates our ability to provide the most successful A&D companies in the world with mature out-of-the-box solutions that increase our customers' competitiveness and lower their total cost-of-ownership, " said C. Richard Harrison, president and CEO, PTC. "Windchill PDMLink is specifically developed for design-intensive companies and offers industry-leading collaboration and intellectual property protection that is unrivaled by even our most successful competitors."

    About Raytheon

    Raytheon Company (NYSE: RTN), with 2004 sales of $20.0 billion, is an industry leader in defense and government electronics, space, information technology, technical services, and business and special mission aircraft. With headquarters in Waltham, Mass., Raytheon employs 80,000 people worldwide.

    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 PTC

    PTC (Nasdaq: PMTC) provides leading Product Lifecycle Management (PLM) software solutions to more than 35,000 companies worldwide. PTC customers include many of the world's most innovative manufacturing companies in the aerospace & defense, automotive, consumer, electronics & high technology, industrial equipment and medical products industries. PTC is included in the S&P 500 and Russell 2000 indices.

    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 integrated PLM solutions that address business-critical product lifecycle management functions for aerospace and defense systems and the success of PTC's customer satisfaction initiatives in providing the foundation for long-term relationships and repeat business, 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 from such order or the level of revenue for any particular period.

    PTC, The Product Development Company, Product First, Pro/ENGINEER, Wildfire, Windchill, Windchill PDMLink 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.

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CONTACT: PTC Nicole Rowe 781.370.6369 nrowe@ptc.com or For PTC Weber Shandwick Amanda Keane 617.520.7260 akeane@webershandwick.com

KEYWORD: MASSACHUSETTS INDUSTRY KEYWORD: HARDWARE AEROSPACE/DEFENSE GOVERNMENT SOFTWARE PRODUCT MARKETING AGREEMENTS SOURCE: PTC

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