Hi-Shear Ranks High

16-July-2007
Hi-Shear ranked as one of the top performing companies in the July 16th issue of Aviation Week & Space Technology.

TOP PERFORMING COMPANIES

AEROSPACE / DEFENSE RANKINGS FOR 2006 - Revenues less than $250 Million
RANK	COMPANY	FISCAL YEAR END	TOTAL SCORE	ROIC¹ 25% of score	EARNING POWER 25% of score	OPERATING PERFORMANCE 25% of score	FINANCIAL HEALTH 25% of score	2006 REVENUE ($ millions)
1	AEROVIRONMENT INC.	Apr 06	81	96	86	91	70	139
2	INTELEK plc	Mar 06	80	76	66	97	66	70
3	HI-SHEAR TECHNOLOGY CORP.	May 06	80	50	81	79	83	21
4	CERAMIC PROTECTION CORP.	Dec 06	78	50	92	97	67	68
5	GUIZHOU SPACE APPLIANCE CO. LTD.	Dec 06	75	96	40	77	76	40
6	LITORAL SA LITORAL	Dec 06	74	40	40	99	74	15
7	AEROCENTURY CORP.	Dec 06	74	10	56	95	76	16
8	KVH INDUSTRIES INC.	Dec06	73	16	81	74	88	79
9	TODD SHIPYARDS CORP.	Mar 06	72	39	76	76	82	202
10	KREISLER MANUFACTURING CORP.	Jun 06	69	47	55	54	79	20

Notes:
¹ROIC - Return on Invested Capital

Scores range from 1 to a maximum value of 99

FIVE-YEAR MOST-IMPROVED - Revenues less than $250 Million

2002-06
RANK COMPANY TOTAL
SCORE
2002 TOTAL
SCORE
2006 DIFFERENCE
(percent)

1 IRVINE SENSORS CORP. 19 33 74%

2 AROTECH CORP. 16 28 69%

3 EDAC TECHNOLOGIES CORP. 36 59 66%

4 LMI AEROSPACE INC. 41 68 65%

5 CERAMIC PROTECTION CORP. 48 78 63%

6 AVCORP INDUSTRIES INC. 39 58 50

7 INTELEK plc 54 80 50

8 KVH INDUSTRIES INC. 52 73 41

9 HI-SHEAR TECHNOLOGY CORP. 56 80 41

10 SIFCO INDUSTRIES INC. 31 43 40

FIVE-YEAR MOST-IMPROVED - Revenues less than $250 Million
2002-06 RANK	COMPANY	TOTAL SCORE 2002	TOTAL SCORE 2006	DIFFERENCE (percent)
1	IRVINE SENSORS CORP.	19	33	74%
2	AROTECH CORP.	16	28	69%
3	EDAC TECHNOLOGIES CORP.	36	59	66%
4	LMI AEROSPACE INC.	41	68	65%
5	CERAMIC PROTECTION CORP.	48	78	63%
6	AVCORP INDUSTRIES INC.	39	58	50
7	INTELEK plc	54	80	50
8	KVH INDUSTRIES INC.	52	73	41
9	HI-SHEAR TECHNOLOGY CORP.	56	80	41
10	SIFCO INDUSTRIES INC.	31	43	40