Net income increased more than 50 percent during the third quarter for engineering and evaluation services firm National Technical Systems Inc. The Calabasas-based company reported income of $631,000, or $0.07 per diluted share, on revenues of $31 million for the quarter ending Oct. 31. For the same period in 2006, the company reported a net income of $409,000, or $0.07 per diluted share, on revenues of $29.8 million. National Technical’s core business in the aerospace and military markets remains strong and investments have been made to grow the company, said CEO William McGinnis. Earlier this month, National Technical acquired United States Test Laboratory, which is in the business of testing soft body armor.
