PTC Inc.

PTC Inc., doing business as Parametric Technology Corp, is a Boston-based for-profit software vendor that serves the federal government as a prime contractor (95% of recent awards) selling product lifecycle management, computer-aided design, and industrial Internet of Things software licenses, maintenance subscriptions, and cloud-hosting services to defense and civilian agencies on a full-and-open, non-set-aside basis.

PTC's customer concentration is heavily skewed to the U.S. Navy. The Department of the Navy Naval Sea Systems Command accounts for 159 awards worth $128.3 million in combined potential value, nearly one-third of PTC's total federal portfolio value, followed at distance by the Department of the Army Materiel Command Contracting Command Detroit Arsenal (35 awards, $31.3 million). NASA and other Army components round out the top five by dollar value. Across the top five customers by potential value, Navy and Army together account for roughly 43% of PTC's combined potential value, with Naval Sea Systems Command alone representing the single largest customer concentration in federal procurement. The remaining federal footprint spans 99 distinct customer agencies across defense, civilian, and intelligence communities — a broad base that masks the Navy-centric revenue profile.

PTC sits on two dominant vehicle platforms: the Federal Supply Schedule GS35F0271N carries 313 task orders worth $11.8 million, and the Federal Supply Schedule GS35F5430H carries 122 task orders worth $4.5 million. These GSA Schedules are the primary mechanism for task-order issuance across the portfolio. An Indefinite Delivery Contract (NNJ05JJ43T) places 19 task orders worth $4.1 million, likely a NASA IDC. Work spans principally NAICS 541512 (Custom Computer Programming Services) and NAICS 541511 (Software Publishers) framing, with PSC codes dominated by Information Technology Software (435 awards).

Representative prime awards include a $155.3 million firm-fixed-price definitive contract with the Air Force Sustainment Center for Enterprise Supply Chain Analysis Planning and Execution (ESCAPE) software and cloud sustainment services through September 2026, a $6.4 million Coast Guard definitive contract for demand forecasting software subscription and hosting for supply chain management through August 2027, a $7.5 million NASA purchase order for FY26 PTC software and TSAM renewal, and recurring Naval Sea Systems Command and Naval Air Systems Command purchase orders for APEX ADA and ObjectADA software licenses and renewals in the $14,000 to $100,000 range.

Activity has grown in the recent period, climbing from 12 awards in 2022 to a peak of 45 in 2024, though 2025 and 2026 year-to-date counts (17 and 3 respectively) reflect partial-year data. Eight awards worth $170.1 million in combined potential value carry completion dates within the next twenty-four months and face recompete exposure in that window, with the ESCAPE contract at $155.3 million representing the preponderance of that recompete cliff.

PTC subcontracts to major defense primes as a software supplier, with documented sub-awards under Lockheed Martin Corporation (recurring funding actions and software maintenance for PERC Ultra and related development tools in support of Navy ship systems), Raytheon Company (desktop computer software delivery), Northrop Grumman Systems Corporation (Ground-Based Midcourse Defense system engineering software), and HII Mission Technologies Corp (SaaS subscriptions for Naval Sea Systems Command). Across these named subs, PTC delivers its existing product portfolio — APEX ADA, PERC Ultra, Windchill, Arbortext, and ThingWorx — to support defense platform development, maintenance, and engineering workflows. PTC itself operates as a pure prime on the vast majority of its federal work; the SCI dataset shows negligible subcontractor engagement on prime service contracts.

PTC holds a named subsidiary, Relex Software Corporation, which is not separately characterized in the award portfolio by NAICS or PSC; the subsidiary presence does not materially alter the parent company's capability framing or customer concentration. Corporate structure appears stable with the parent entity anchoring the federal contract footprint.