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DETROIT - PTC (NASDAQ:PTC) announced a new Aerospace & Defense Startup Program on Wednesday that will provide eligible early and growth-stage startups with free access to its product development software suite.
The program, unveiled at the Reindustrialize Summit 2025, offers participants access to PTC’s Creo+ computer-aided design solution, Onshape cloud-native CAD and product data management platform, Codebeamer+ application lifecycle management solution, and a startup package for Arena product lifecycle management.
Eligible startups can participate for multiple years to support growth toward key funding and revenue milestones. The initiative aims to help aerospace and defense startups meet industry demands for faster development cycles, complex system integration, and regulatory compliance.
"Aerospace and defense startups are tackling some of the world’s toughest engineering challenges, and they need tools that help them get ahead," said David Katzman, General Manager of Arena and Onshape at PTC.
The program includes access to Onshape Government, designed to help meet compliance requirements like ITAR and EAR for organizations working on regulated projects. Participants will also gain access to PTC’s network of venture capitalists, incubators, and technology partners.
Mariarosa Argentiero, Chief Commercial Officer of ARCA Dynamics, noted that "Creo helps us improve our production chain and accelerate the delivery of our products."
Ben Schleuniger, CEO of Orbital Operations, added that his company "adopted Onshape through PTC’s A&D Startup Program, giving us a fast, secure foundation to collaborate and iterate from day one."
The announcement comes as aerospace and defense modernization accelerates across sea, air, land, space, and cyber domains, according to the company’s press release statement. Despite a recent 8.67% decline in stock price over the past week, PTC’s strong market position and growth metrics have caught analysts’ attention. InvestingPro subscribers can access 13 additional key insights about PTC, including detailed valuation metrics and growth forecasts, through the comprehensive Pro Research Report available for over 1,400 US stocks.
In other recent news, PTC Inc. has been at the center of significant developments. Notably, Autodesk is reportedly considering acquiring PTC in a cash and stock transaction, as revealed by a Bloomberg article. This potential acquisition has drawn interest from other industry players as well. On the financial front, PTC’s fiscal second quarter 2025 results exceeded expectations, showing higher-than-expected Annual Recurring Revenue and Free Cash Flow, according to BMO Capital Markets, which raised its price target to $187 and reiterated an Outperform rating. KeyBanc also adjusted its price target to $192, maintaining an Overweight rating, citing improved channel performance and pricing strategies. Meanwhile, Berenberg reduced its price target to $190 while keeping a Hold rating, noting successful cross-selling efforts and a completed go-to-market realignment initiative. Additionally, PTC unveiled Creo 12, an updated version of its CAD software, enhancing design and collaboration capabilities. Stifel has maintained a Buy rating on PTC despite its stock price surpassing their $200 target following the acquisition news.
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