As a supplier for Raytheon Co., NTS will perform the testing at its various labs and facilities around the world. Among the testing services NTS is expected to perform for Raytheon are computer parts and software testing, ballistics testing, large caliber and rocket testing, ISO accreditation, and many others. NTS has already played an important testing role in Raytheon's Javelin and Tomahawk missile programs.
NTS President and COO William C. McGinnis commented: "This selection is another example of the quality of our programs and the high regard our company holds throughout the aerospace and defense industries. Raytheon has been a valued customer for more than 25 years and we are committed to continue working diligently for Raytheon and assisting them in reviewing all their products and ultimately bringing them to market as quickly as possible."
Raytheon Co. (NYSE:RTN), with 2003 sales of $18.1 billion, is an industry leader in defense and government electronics, space, information technology, technical services, and business and special mission aircraft. With headquarters in
National Technical Systems, Inc. is a business-to-business services company providing organizations in the aerospace, defense, information technology (IT) and high technology markets integrated testing, certification, quality registration, systems evaluation and engineering solutions. For additional information about National Technical Systems, visit its Web site at www.ntscorp.com.
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 companies' services and products and other risks identified in the companies' SEC filings. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. 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.