CALABASAS, Calif., Jan. 4, 2012 /PRNewswire/ -- National Technical Systems Inc. (NASDAQ: NTSC) (NTS), a leading provider of testing and engineering services, announced today that its Supply Chain division, Unitek Technical Services, has been selected by Alliant Techsystems Inc. (NYSE: ATK) (ATK) to provide technical and quality management services to support ATK's activities at the Radford Army Ammunitions Plant in Radford, VA.
Unitek's extensive experience in technical and quality services will provide ATK with a specialized competency to ensure service quality standards are maintained through the delivery and implementation of its contracted services at the Radford facility. The $500,000 NTS contract will be completed by the end of January 2012, although the potential for new contracts and extended services with ATK exists, said NTS CEO William C. McGinnis.
NTS has been working with ATK for several years providing the company a range of testing services; however, this is the initial contract whereby NTS will provide ATK supply chain management services, McGinnis added. This is an excellent example of NTS executing its strategy of using mergers and acquisitions to diversify its services and broaden its capabilities and to cross sell those services to existing and new customers, McGinnis noted.
"We are very pleased to expand our relationship with ATK at the Radford facility," McGinnis said. "Since bringing on Unitek two years ago, we have created a broader range of solutions for our clients. For ATK, that means adding supply chain services to our testing labs and engineering capabilities."
NTS supply chain management services range from source inspections to supplier audits to corrective action verification services and more. These services are a natural complement to the historical testing and certification services that NTS has provided for more than 50 years, noted Kevin Beard, President of NTS Supply Chain Services.
"This contract is evidence that our supply chain management services are gaining traction in our various target markets and we see greater demand in 2012 and beyond," Beard said.
ATK is an aerospace, defense, and commercial products company with operations in 22 states, Puerto Rico, and internationally, and revenues of approximately $4.8 billion. News and information can be found on the Internet at www.atk.com.
About National Technical Systems
National Technical Systems, Inc. (NTS) is a leading provider of testing and engineering services to the aerospace, defense, telecommunications, automotive and high technology markets. Through a world-wide network of resources, NTS provides full product life-cycle support, offering world class design engineering, compliance, testing, certification, quality registration and program management. For additional information about NTS, visit the Company's website at www.nts.com or call 800-270-2516.
The statements in this press release that relate to future plans, events or performance, are forward-looking statements that involve risks and uncertainties, including risks associated with uncertainties pertaining to customer orders, demand for services and products, development of markets for the Company's services and products and other risks identified in the Company's SEC filings. Actual results, events and performance may differ materially and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding National Technical Systems' business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.
SOURCE National Technical Systems, Inc.