| Type | Public NASDAQ: MTSC |
|---|---|
| Industry | Scientific & Technical Instruments |
| Founded | Eden Prairie, Minnesota, 1966 |
| Headquarters | Eden Prairie, Minnesota |
| Key people | William Murray, President & CEO |
| Products | Testing hardware, Sensing hardware |
| Revenue | $396.8 million USD (FY2006) |
| Employees | 1,510 |
| Website | www.mts.com |
MTS Systems Corporation (NASDAQ: MTSC) is a testing and sensing solutions company located in Eden Prairie, Minnesota, a southwest suburb of Minneapolis.
MTS is a provider of mechanical test systems, material testing, fatigue testing and tensile testing services as well as motion simulation system and calibration services. Examples of MTS products include hydraulic actuators, rolling road simulators, shaker tables, and medical testing equipment.
MTS Systems Corp. was fined $400,000 after pleading guilty on March 12, 2008 for submitting false US export license applications on proposed shipments to India. The company admitted to two misdemeanor counts of "false certification or writing" by omitting information linked to nuclear power plant test equipment.[1] In March 2011, MTS disclosed that it was again under investigation and barred from bidding on new government contracts.[2] On September 2011 the ban imposed by the Air Force was lifted, allowing MTS Systems to bid on new and continue existing government contracts.[3]