Thibault de Tersant, cheif financial officer, Dassault Systemes
So I cannot resist the temptation to speak a little bit about Boeing, because in fact I have been associated with this story for the last 30 years as an inter-office point for Boeing for commercial and legal topics, and it's a customer I respect very much.
[Our deal with Boeing is for 30 years, with a four-year ramp-up, and is] a very significant transaction in the scope of it because it includes not only commercial aircraft but also Boeing Space and Defense divisions. So that's quite significant.
They are still using our design solutions, but here they are adopting manufacturing across the board. So Boeing is going to use our manufacturing solutions in all factories in order to improve production rates.
And they are deploying the 3DEXPERIENCE Platform. The vision at Boeing is that they want to store actually all historical data, all newly created data, make sense of them and use them in order to improve all value streams. All value streams at Boeing: for innovation, for manufacturing, for after-sales, for customer experience, and the supply chain. So it's a very significant decision in favor of our 3DEXPERIENCE platform.
We have been benchmarking for 18 months at Boeing, and they have been reviewing essentially all data and big data infrastructure available and selected the 3DEXPERIENCE platform. So the ramp-up is going to start in 2018. Simply to say that it's -- there is no change in 2017 because there is work, of course, in order to prepare the solutions.
Let me do a quick reminder of Boeing. Boeing is a kind of pioneer actually in the worldwide industry because today people speak a lot about Digital Twins. I'm sure you have seen that. In reality, Boeing started the first Digital Twin in 1989, and they did the 777 digital, with a full digital mock-up in 1994 or 1995. So it's 25 years ago that Boeing did the first Digital Twin.
And it was followed by the rest of the industry, as you know. So today, when Boeing decides to adopt the 3DEXPERIENCE platform for manufacturing and PLM and also post sales. This is a very critical decision, a very critical decision, which, I think, we can guess safely is going to be followed by others. And it's a nice validation.
You have to bear in mind is that it's certainly the largest scope of deployment of our solutions ever in all our history, which is going to happen with Boeing. It was a very competitive process, and the digital continuity and the analytics capabilities that are brought by our 3DEXPERIENCE platform made the difference.
A financial analyst reminded Mr Tersant that Siemens PLM Software signed a ten-year agreement with Boeing in 2012.
Source: https://finance.yahoo.com/news/edited-transcript-dsy-pa-earnings-182200786.html
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