Â Â Calabasas, CA (July 7, 2010)...National Technical Systems Inc. (NASDAQ: NTSC) (NTS), a leading provider of engineering services, announced today that its Test Systems Engineering Division has been selected by The Boeing Company to provide Automated Test Equipment (ATE) systems in support of its 777 Program.Â The ATE systems will perform tests on 777 systems, avionics and engines using automation to quickly perform measurements and evaluate the test results.
National Technical Systems Awarded Boeing Contract
NTS Test Systems Engineering Division to Develop Automated Test Equipment (ATE) For the Boeing 777 Program
NTSâ€™ extensive experience in building and utilizing ATE systems provides Boeing with a unique competency in the delivery and implementation of ATE systems.Â The firm fixed price contract will continue through January 2011.
The ability to analyze the design from an end-userâ€™s perspective allows NTS to deliver a product that is not only of the highest quality and reliability, but is also easy to use.
NTS Chief Executive Officer William McGinnis said, â€śWe are honored to have been selected by The Boeing Company, a recognized world leader in aviation.Â Providing solutions to emerging technical requirements for Boeing and other major companies in the commercial aerospace market is a key component of our Engineering Services strategy.
â€śAs we expand our Engineering Services offerings, the opportunities in this market will increase and we will be poised to provide an even broader range of product engineering and testing services to our customers â€“ a one stop shop model,â€ť added McGinnis.
About National Technical Systems
National Technical Systems, Inc. is a leading provider of engineering services to the defense, aerospace, 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 our website at www.ntscorp.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 companiesâ€™ services and products and other risks identified in the companiesâ€™ SEC filings.Â Actual results, events and performance may differ materially.Â Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.Â The companies undertake 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.
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Calabasas, CA (July 7, 2010)...National Technical Systems Inc. (NASDAQ: NTSC) (NTS), a leading provider of engineering services, announced today that its Test Systems Engineering Division has been selected by The Boeing Company to provide Automated Test Equipment (ATE) systems in support of its 777 Program.Â The ATE systems will perform tests on 777 systems, avionics and engines using automation to quickly perform measurements and evaluate the test results.