National Technical Systems invests heavily in lab facilities in preparation for higher demand
In 2021, National Technical Systems, Inc. (NTS) invested millions of dollars into its 28 labs and testing facilities. The company introduced new shaker systems, electromagnetic compatibility chambers, munitions and ordinance ranges and infrastructure systems. These major investments in capital prepare the company for expected contracts in 2022. The company expects increased demand for space equipment testing, defense spending and testing for new infrastructure initiatives.
New Activity|Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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