As Filed With the Securities and Exchange Commission on  March 13, 1998  
FILE NO. 333-
--------------------------------------------------------------------------------


                                             SECURITIES AND EXCHANGE COMMISSION
                                                      Washington, D.C.
                                                           -------
                                                          FORM S-8
                                                   REGISTRATION STATEMENT
                                                            Under
                                                 The Securities Act of 1933
                                                          --------

                                                      EFTC CORPORATION
                          (Exact name of registrant as specified in its charter)

Colorado                                              84-0854616
(State or other jurisdiction                         (I.R.S. Employer
of incorporation or organization)                     Identification No.)

9351 Grant Street
Denver, Colorado                                     80229
(Address of principal executive offices)            (Zip Code)

                                                      EFTC CORPORATION
                                    STOCK OPTION PLAN FOR NON-EMPLOYEE DIRECTORS
                                          (As amended and restated July 9, 1997)

                                                      EFTC CORPORATION
                                                    EQUITY INCENTIVE PLAN
                                          (As amended and restated July 9, 1997)

                                                      EFTC CORPORATION
                                                   STOCK OPTION AGREEMENTS
                               (Effective August 5, 1996 and September 30, 1997)
                                                  (Full title of the Plans)
                                                          ---------

Stuart W. Fuhlendorf                           With copies to:
Vice President, Chief Financial Officer        Francis R. Wheeler, Esq.
EFTC Corporation                               Whitney Holmes, Esq.
9351 Grant Street                              Holme Roberts & Owen LLP
Denver, Colorado 80229                         1700 Lincoln, Suite 4100
(Name and address of agent for service)        Denver, Colorado  80203
                                               (303) 861-7000
(303) 451-8200
(Telephone number, including area code,
of agent for service)

                         CALCULATION OF REGISTRATION FEE
<TABLE>

-------------------------------------------------------------------------------------------------------------------
<CAPTION>

Title of                                    Proposed Maximum      Proposed Maximum
Securities to be           Amount to be     Offering              Aggregate Amount of
Registered                 Registered       Price Per Share(1)    Offering Price(1)    Registration Fee
-------------------------------------------------------------------------------------------------------------------

<S>                        <C>              <C>                   <C>                  <C>   

Common Stock                 140,000 (2)    $13.6875              $ 1,916,250          $  565.29
                           1,000,000 (3)    $13.6875              $13,687,500          $4,037.81
                             197,941 (4)    $ 4.125               $   816,507          $  240.87       
                             472,500 (5)    $14.3125              $ 6,762,656          $1,994.98 
     
                                                           Total: $23,182,913          $6,838.95

-------------------------------------------------------------------------------------------------------------------
</TABLE>

(1) Estimated solely for the purpose of calculating the registration fee for the
shares being  registered  hereby  pursuant to Rule 457 based on (a) $13.6875 per
share (the  average of the high and low sales price for Common Stock on March 6,
1998 as reported on the Nasdaq National  Market) for 140,000  shares,  of Common
Stock that may be acquired  upon exercise of options under the Stock Option Plan
For Non-Employee Directors, (b) $13.6875 per share for 1,000,000

                                                           Page 1

<PAGE>



shares (the average of the high and low sales price for Common Stock on March 6,
1998 as  reported  on the Nasdaq  National  Market) of Common  Stock that may be
acquired  upon  exercise  of options  under the Equity  Incentive  Plan,  (c) an
exercise  price of $4.125 per share for 197,941  shares of Common Stock that may
be  acquired  upon  exercise of stock  options  granted  under the Stock  Option
Agreement  dated August 5, 1996, and (d) an exercise price of $14.3125 per share
for 472,500  shares of Common Stock that may be acquired  upon exercise of stock
options granted under the Stock Option Agreements dated September 30, 1997.
(2)  Covered by the Stock Option Plan for Non-Employee Directors.
(3)  Covered by the Equity Incentive Plan.
(4)  Covered by the Stock Option Agreement dated August 5, 1996.
(5)  Covered by the Stock Option Agreements dated September 30, 1997.

                                                           Page 2

<PAGE>



PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT


Item 3.  Incorporation of Documents by Reference

         The  following   documents  filed  with  the  Securities  and  Exchange
Commission (the  "Commission") are incorporated by reference in the Registration
Statement:

     (1) Annual  Report on Form 10-K of the Company for the year ended  December
31, 1996.

         (2) Current Report Form 8-K of the Company filed with the Commission on
March 5, 1997, as amended by Form 8-K/A of the Company filed with the Commission
on May 2, 1997.

     (3) Current  Report Form 8-K of the Company  filed with the  Commission  on
August 26, 1997.

         (4) Current Report Form 8-K of the Company filed with the Commission on
October  15,  1997,  as  amended  by Form  8-K/A of the  Company  filed with the
Commission on December 15, 1997.

         (5) Quarterly  Report on Form 10-Q of the Company for the quarter ended
March 31,  1997,  as  amended  by Form  10-Q/A  of the  Company  filed  with the
Commission on November 12, 1997.

         (6) Quarterly  Report on Form 10-Q of the Company for the quarter ended
June  30,  1997,  as  amended  by Form  10-Q/A  of the  Company  filed  with the
Commission on November 12, 1997.

     (7)  Quarterly  Report on Form 10-Q of the Company  for the  quarter  ended
September 30, 1997.

     (8)  The  description  of  the  Company's  Common  Stock  contained  in the
Company's  Registration  Statement  on Form S-2  (File No.  333-38433)  filed on
October 22, 1997.

         All documents  subsequently  filed by the Company  pursuant to Sections
13(a),  13(c), 14 and 15(d) of the Securities Exchange Act of 1934, prior to the
filing of a post-effective  amendment that indicates that all securities offered
have been sold or that deregisters all securities then remaining  unsold,  shall
be deemed to be incorporated by reference in this Registration  Statement and to
be part thereof from the date of filing of such documents.


Item 4.  Description of Securities

         Not Applicable.


Item 5.  Interests of Named Experts

         Not Applicable.


Item 6.  Indemnification of Directors and Officers

         Article Five of the Company's  Articles of Incorporation and Article VI
of the Company's Bylaws require the Company to indemnify,  to the fullest extent
authorized  by  applicable  law, any person who is or is threatened to be made a
party to any  civil,  criminal,  administrative,  arbitrative  or  investigative
proceeding  instituted  or  threatened by reason of the fact that he is or was a
director  or officer of the  Company or is or was  serving at the request of the
Company as a director  or officer  of another  corporation,  partnership,  joint
venture, trust, other enterprise or employee benefit plan.

                                                           Page 3

<PAGE>



         Article Four of the Company's Articles of Incorporation  provides that,
to  the  fullest  extent  permitted  by the  Colorado  Corporation  Code  or any
successor  statute,  directors of the Company shall not be liable to the Company
or any of  its  shareholders  for  monetary  damages  caused  by a  breach  of a
fiduciary duty by such director.

         Sections  7-109-102 and 103 of the Colorado  Business  Corporation  Act
("CBCA")  authorize  the  indemnification  of  directors  and  officers  against
liability incurred by reason of being a director or officer and against expenses
(including attorney's fees) judgments,  fines and amounts paid in settlement and
reasonably  incurred in  connection  with any action  seeking to establish  such
liability,  in the case of third-party  claims, if the officer or director acted
in good faith and in a manner he reasonably  believed to be in or not opposed to
the best interests of the  corporation,  and in the case of actions by or in the
right of the corporation,  if the officer or director acted in good faith and in
a manner he reasonably  believed to be in or not opposed to the best interest of
the  corporation  and if such officer or director  shall not have been  adjudged
liable to the corporation, unless a court otherwise determines.  Indemnification
is also authorized  with respect to any criminal action or proceeding  where the
officer or  director  also had no  reasonable  cause to believe  his conduct was
unlawful.

         The above discussion of the Company's Articles of Incorporation, Bylaws
and the CBCA is only a summary and is qualified in its entirety by the full text
of each of the foregoing.


Item 7.  Exemption from Registration Claimed

         Not Applicable.


Item 8.  Exhibits

Exhibit No.        Description

5.1            Opinion of Holme Roberts & Owen LLP.

23.1           Consent of KPMG Peat Marwick LLP, Denver, Colorado.

23.2           Consent of Arthur Andersen LLP, Portland, Oregon.

23.3           Consent of KPMG Peat Marwick LLP, Memphis, Tennessee.

23.4           Consent of Holme Roberts & Owen LLP is contained in its legality 
                 opinion filed as Exhibit 5.1.

24.1           Powers of Attorney.


Item 9.  Undertakings

         (a)      Rule 415 Offerings.

The undersigned registrant hereby undertakes:

         (1) To file, during any period in which offers or sales are being made,
a post-effective amendment to this registration statement:

     (i)  To  include  any  prospectus  required  by  Section  10(a)(3)  of  the
Securities Act of 1933;

                  (ii) To reflect in the  prospectus any facts or events arising
after  the  effective  date of the  registration  statement(or  the most  recent
post-effective  amendment  thereof)  which,  individually  or in the  aggregate,
represent a fundamental

                                                           Page 4

<PAGE>



change   in  the   information   set  forth  in  the   registration   statement.
Notwithstanding  the  foregoing,  any  increase  or  decrease  in the  volume of
securities  offered (if the total dollar value of  securities  offered would not
exceed that which was  registered) and any deviation from the high or low end of
the estimated  maximum offering range may be reflected in the form of prospectus
filed with the  Commission  pursuant  to Rule 424(b) if, in the  aggregate,  the
changes in volume  and price  represent  no more than 20% change in the  maximum
aggregate  offering price set forth in the  "Calculation  of  Registration  Fee"
table in the effective registration statement.

                  (iii) To include any material  information with respect to the
plan of distribution not previously  disclosed in the registration  statement or
any material change to such information in the registration statement;

                  Provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do
not apply if the  registration  statement  is on Form S-3 or Form  S-8,  and the
information  required  to be  included in a  post-effective  amendment  by those
paragraphs is contained in periodic reports filed by the registrant  pursuant to
Section  13 or Section  15(d) of the  Securities  Exchange  Act of 1934 that are
incorporated by reference in the registration statement.

         (2) That,  for the  purpose  of  determining  any  liability  under the
Securities Act of 1933, each such post-effective amendment shall be deemed to be
a new registration statement relating to the securities offered therein, and the
offering of such  securities at that time shall be deemed to be the initial bona
fide offering thereof.

         (3) To remove from registration by means of a post-effective  amendment
any of the securities being registered which remain unsold at the termination of
the offering.

     (b) Filings incorporating subsequent Exchange Act documents by reference.

         The undersigned  registrant hereby undertakes that, for the purposes of
determining  any liability  under the Securities Act of 1933, each filing of the
registrant's  annual  report  pursuant to Section  13(a) or Section 15(d) of the
Securities  Exchange  Act of 1934  (and  where  applicable,  each  filing  of an
employee  benefit  plan's  annual  report  pursuant  to  Section  15(d)  of  the
Securities  Exchange  Act of 1934)  that is  incorporated  by  reference  in the
registration  statement  shall  be  deemed  to be a new  registration  statement
relating to the securities offered therein,  and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.

     (c) Request for  acceleration  of effective date or filing of  registration
statement on Form S-8.

         Insofar as indemnification for liabilities arising under the Securities
Act of 1933 may be permitted to directors,  officers and controlling  persons of
the  registrant  pursuant  to  the  foregoing  provisions,   or  otherwise,  the
registrant  has  been  advised  that  in  the  opinion  of the  Commission  such
indemnification  is  against  public  policy  as  expressed  in the  Act and is,
therefore,  unenforceable. In the event that a claim for indemnification against
such liabilities  (other than the payment by the registrant of expenses incurred
or paid by a director,  officer or  controlling  person of the registrant in the
successful  defense of any  action,  suit or  proceeding)  is  asserted  by such
director,  officer or controlling person in connection with the securities being
registered, the registrant will, unless in the opinion of its counsel the matter
has been  settled  by  controlling  precedent,  submit  to a court of  competent
jurisdiction the question whether such  indemnification  by it is against public
policy as expressed in the Act and will be governed by the final adjudication of
such issue.



                                                           Page 5

<PAGE>



                               SIGNATURES

Pursuant to the  requirements  of the  Securities  Act of 1933,  the  registrant
certifies  that it has  reasonable  grounds to believe  that it meets all of the
requirements  for  filing  on Form S-8 and has  duly  caused  this  Registration
Statement  to be  signed  on its  behalf  by  the  undersigned,  thereunto  duly
authorized, in the City of Denver, State of Colorado, March 13, 1998.

                                EFTC CORPORATION,
                                a Colorado corporation


                                By /s/ Jack Calderon
                                       Jack Calderon
                                       President and Chief Executive Officer

Pursuant to the  requirements of the Securities Act of 1933,  this  Registration
Statement has been signed by the following  persons in the capacities and on the
dates indicated.

                               Title/Position Held
Signature                      with Registrant                    Date


        *                      Chairman of the Board              March 13, 1998
--------------------
Gerald J. Reid

/s/ Jack Calderon              President, Chief                   March 13, 1998
-----------------------------  Executive Officer
Jack Calderon                  and Director
                               

        *                      Director                           March 13, 1998
--------------------
Lucille A. Reid                


/s/ Stuart W. Fuhlendorf       Chief Financial Officer            March 13, 1998
------------------------       and Director
Stuart W. Fuhlendorf           
                               

        *                      Director                           March 13, 1998
--------------------
James A. Doran

        *                      Director                           March 13, 1998
--------------------
Robert McNamara

        *                       Director                          March 13, 1998
--------------------
Masoud S. Shirazi

        *                       Director                          March 13, 1998
--------------------
Darrayl Cannon


/s/ Brent L. Hofmeister         Controller                        March 13, 1998
-----------------------
Brent L. Hofmeister

8

                                                           Page 6

<PAGE>

        *                       Director                          March 13, 199
--------------------
Richard L. Monfort

        *                       Director                          March 13, 1998
--------------------
David W. Van Wert

        *                       Director                          March 13, 1998
--------------------
Charles E. Hewitson

        *                       Director                          March 13, 1998
--------------------
Gregory C. Hewitson


*By:  /s/ Stuart W. Fuhlendorf
    Stuart W. Fuhlendorf,
    as attorney-in-fact

                                                           Page 7

<PAGE>



INDEX TO EXHIBITS

Exhibit
Number                       Description                                   Page


5.1      Opinion of Holme Roberts & Owen LLP.                               10

23.1     Consent of KPMG Peat Marwick LLP, Denver, Colorado.                12

23.2     Consent of Arthur Andersen LLP, Portland, Oregon.                  14

23.3     Consent of KPMG Peat Marwick LLP, Memphis, Tennessee.              16

23.4     Consent  of Holme  Roberts  & Owen  LLP is  contained  in its  
          legality opinion filed as Exhibit 5.1.

24.1     Powers of Attorney.                                                18



                                                           Page 8

<PAGE>
[{"type": "S-8", "sequence": "1", "description": "EFTC 3/13/98 S-8", "secsgml_size_bytes": 19041}]
{"company-data": {"conformed-name": "EFTC CORP/", "cik": "0000916797", "assigned-sic": "3672", "irs-number": "840854616", "state-of-incorporation": "CO", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-47943", "film-number": "98565575"}, "business-address": {"street1": "7251 WEST 4TH ST", "city": "GREELEY", "state": "CO", "zip": "80634-9763", "phone": "3033533100"}, "former-company": {"former-conformed-name": "ELECTRONIC FAB TECHNOLOGY CORP", "date-changed": "19940103"}}
As Filed With the Securities and Exchange Commission on  March 13, 1998  
FILE NO. 333-
--------------------------------------------------------------------------------

                                             SECURITIES AND EXCHANGE COMMISSION
                                                      Washington, D.C.
                                                           -------
                                                          FORM S-8
                                                   REGISTRATION STATEMENT
                                                            Under
                                                 The Securities Act of 1933
                                                          --------

                                                      EFTC CORPORATION
                          (Exact name of registrant as specified in its charter)

Colorado                                              84-0854616
(State or other jurisdiction                         (I.R.S. Employer
of incorporation or organization)                     Identification No.)

9351 Grant Street
Denver, Colorado                                     80229
(Address of principal executive offices)            (Zip Code)

                                                      EFTC CORPORATION
                                    STOCK OPTION PLAN FOR NON-EMPLOYEE DIRECTORS
                                          (As amended and restated July 9, 1997)

                                                      EFTC CORPORATION
                                                    EQUITY INCENTIVE PLAN
                                          (As amended and restated July 9, 1997)

                                                      EFTC CORPORATION
                                                   STOCK OPTION AGREEMENTS
                               (Effective August 5, 1996 and September 30, 1997)
                                                  (Full title of the Plans)
                                                          ---------

Stuart W. Fuhlendorf                           With copies to:
Vice President, Chief Financial Officer        Francis R. Wheeler, Esq.
EFTC Corporation                               Whitney Holmes, Esq.
9351 Grant Street                              Holme Roberts & Owen LLP
Denver, Colorado 80229                         1700 Lincoln, Suite 4100
(Name and address of agent for service)        Denver, Colorado  80203
                                               (303) 861-7000
(303) 451-8200
(Telephone number, including area code,
of agent for service)

                         CALCULATION OF REGISTRATION FEE

-------------------------------------------------------------------------------------------------------------------
Title of                                    Proposed Maximum      Proposed Maximum
Securities to be           Amount to be     Offering              Aggregate Amount of
Registered                 Registered       Price Per Share(1)    Offering Price(1)    Registration Fee
-------------------------------------------------------------------------------------------------------------------
Common Stock                 140,000 (2)    $13.6875              $ 1,916,250          $  565.29
                           1,000,000 (3)    $13.6875              $13,687,500          $4,037.81
                             197,941 (4)    $ 4.125               $   816,507          $  240.87       
                             472,500 (5)    $14.3125              $ 6,762,656          $1,994.98 
     
                                                           Total: $23,182,913          $6,838.95

-------------------------------------------------------------------------------------------------------------------
(1) Estimated solely for the purpose of calculating the registration fee for the
shares being  registered  hereby  pursuant to Rule 457 based on (a) $13.6875 per
share (the  average of the high and low sales price for Common Stock on March 6,
1998 as reported on the Nasdaq National  Market) for 140,000  shares,  of Common
Stock that may be acquired  upon exercise of options under the Stock Option Plan
For Non-Employee Directors, (b) $13.6875 per share for 1,000,000

                                                           Page 1
shares (the average of the high and low sales price for Common Stock on March 6,
1998 as  reported  on the Nasdaq  National  Market) of Common  Stock that may be
acquired  upon  exercise  of options  under the Equity  Incentive  Plan,  (c) an
exercise  price of $4.125 per share for 197,941  shares of Common Stock that may
be  acquired  upon  exercise of stock  options  granted  under the Stock  Option
Agreement  dated August 5, 1996, and (d) an exercise price of $14.3125 per share
for 472,500  shares of Common Stock that may be acquired  upon exercise of stock
options granted under the Stock Option Agreements dated September 30, 1997.
(2)  Covered by the Stock Option Plan for Non-Employee Directors.
(3)  Covered by the Equity Incentive Plan.
(4)  Covered by the Stock Option Agreement dated August 5, 1996.
(5)  Covered by the Stock Option Agreements dated September 30, 1997.

                                                           Page 2
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3.  Incorporation of Documents by Reference

         The  following   documents  filed  with  the  Securities  and  Exchange
Commission (the  "Commission") are incorporated by reference in the Registration
Statement:

     (1) Annual  Report on Form 10-K of the Company for the year ended  December
31, 1996.

         (2) Current Report Form 8-K of the Company filed with the Commission on
March 5, 1997, as amended by Form 8-K/A of the Company filed with the Commission
on May 2, 1997.

     (3) Current  Report Form 8-K of the Company  filed with the  Commission  on
August 26, 1997.

         (4) Current Report Form 8-K of the Company filed with the Commission on
October  15,  1997,  as  amended  by Form  8-K/A of the  Company  filed with the
Commission on December 15, 1997.

         (5) Quarterly  Report on Form 10-Q of the Company for the quarter ended
March 31,  1997,  as  amended  by Form  10-Q/A  of the  Company  filed  with the
Commission on November 12, 1997.

         (6) Quarterly  Report on Form 10-Q of the Company for the quarter ended
June  30,  1997,  as  amended  by Form  10-Q/A  of the  Company  filed  with the
Commission on November 12, 1997.

     (7)  Quarterly  Report on Form 10-Q of the Company  for the  quarter  ended
September 30, 1997.

     (8)  The  description  of  the  Company's  Common  Stock  contained  in the
Company's  Registration  Statement  on Form S-2  (File No.  333-38433)  filed on
October 22, 1997.

         All documents  subsequently  filed by the Company  pursuant to Sections
13(a),  13(c), 14 and 15(d) of the Securities Exchange Act of 1934, prior to the
filing of a post-effective  amendment that indicates that all securities offered
have been sold or that deregisters all securities then remaining  unsold,  shall
be deemed to be incorporated by reference in this Registration  Statement and to
be part thereof from the date of filing of such documents.

Item 4.  Description of Securities

         Not Applicable.

Item 5.  Interests of Named Experts

         Not Applicable.

Item 6.  Indemnification of Directors and Officers

         Article Five of the Company's  Articles of Incorporation and Article VI
of the Company's Bylaws require the Company to indemnify,  to the fullest extent
authorized  by  applicable  law, any person who is or is threatened to be made a
party to any  civil,  criminal,  administrative,  arbitrative  or  investigative
proceeding  instituted  or  threatened by reason of the fact that he is or was a
director  or officer of the  Company or is or was  serving at the request of the
Company as a director  or officer  of another  corporation,  partnership,  joint
venture, trust, other enterprise or employee benefit plan.

                                                           Page 3
Article Four of the Company's Articles of Incorporation  provides that,
to  the  fullest  extent  permitted  by the  Colorado  Corporation  Code  or any
successor  statute,  directors of the Company shall not be liable to the Company
or any of  its  shareholders  for  monetary  damages  caused  by a  breach  of a
fiduciary duty by such director.

         Sections  7-109-102 and 103 of the Colorado  Business  Corporation  Act
("CBCA")  authorize  the  indemnification  of  directors  and  officers  against
liability incurred by reason of being a director or officer and against expenses
(including attorney's fees) judgments,  fines and amounts paid in settlement and
reasonably  incurred in  connection  with any action  seeking to establish  such
liability,  in the case of third-party  claims, if the officer or director acted
in good faith and in a manner he reasonably  believed to be in or not opposed to
the best interests of the  corporation,  and in the case of actions by or in the
right of the corporation,  if the officer or director acted in good faith and in
a manner he reasonably  believed to be in or not opposed to the best interest of
the  corporation  and if such officer or director  shall not have been  adjudged
liable to the corporation, unless a court otherwise determines.  Indemnification
is also authorized  with respect to any criminal action or proceeding  where the
officer or  director  also had no  reasonable  cause to believe  his conduct was
unlawful.

         The above discussion of the Company's Articles of Incorporation, Bylaws
and the CBCA is only a summary and is qualified in its entirety by the full text
of each of the foregoing.

Item 7.  Exemption from Registration Claimed

         Not Applicable.

Item 8.  Exhibits

Exhibit No.        Description

5.1            Opinion of Holme Roberts & Owen LLP.

23.1           Consent of KPMG Peat Marwick LLP, Denver, Colorado.

23.2           Consent of Arthur Andersen LLP, Portland, Oregon.

23.3           Consent of KPMG Peat Marwick LLP, Memphis, Tennessee.

23.4           Consent of Holme Roberts & Owen LLP is contained in its legality 
                 opinion filed as Exhibit 5.1.

24.1           Powers of Attorney.

Item 9.  Undertakings

         (a)      Rule 415 Offerings.

The undersigned registrant hereby undertakes:

         (1) To file, during any period in which offers or sales are being made,
a post-effective amendment to this registration statement:

     (i)  To  include  any  prospectus  required  by  Section  10(a)(3)  of  the
Securities Act of 1933;

                  (ii) To reflect in the  prospectus any facts or events arising
after  the  effective  date of the  registration  statement(or  the most  recent
post-effective  amendment  thereof)  which,  individually  or in the  aggregate,
represent a fundamental

                                                           Page 4
change   in  the   information   set  forth  in  the   registration   statement.
Notwithstanding  the  foregoing,  any  increase  or  decrease  in the  volume of
securities  offered (if the total dollar value of  securities  offered would not
exceed that which was  registered) and any deviation from the high or low end of
the estimated  maximum offering range may be reflected in the form of prospectus
filed with the  Commission  pursuant  to Rule 424(b) if, in the  aggregate,  the
changes in volume  and price  represent  no more than 20% change in the  maximum
aggregate  offering price set forth in the  "Calculation  of  Registration  Fee"
table in the effective registration statement.

                  (iii) To include any material  information with respect to the
plan of distribution not previously  disclosed in the registration  statement or
any material change to such information in the registration statement;

                  Provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do
not apply if the  registration  statement  is on Form S-3 or Form  S-8,  and the
information  required  to be  included in a  post-effective  amendment  by those
paragraphs is contained in periodic reports filed by the registrant  pursuant to
Section  13 or Section  15(d) of the  Securities  Exchange  Act of 1934 that are
incorporated by reference in the registration statement.

         (2) That,  for the  purpose  of  determining  any  liability  under the
Securities Act of 1933, each such post-effective amendment shall be deemed to be
a new registration statement relating to the securities offered therein, and the
offering of such  securities at that time shall be deemed to be the initial bona
fide offering thereof.

         (3) To remove from registration by means of a post-effective  amendment
any of the securities being registered which remain unsold at the termination of
the offering.

     (b) Filings incorporating subsequent Exchange Act documents by reference.

         The undersigned  registrant hereby undertakes that, for the purposes of
determining  any liability  under the Securities Act of 1933, each filing of the
registrant's  annual  report  pursuant to Section  13(a) or Section 15(d) of the
Securities  Exchange  Act of 1934  (and  where  applicable,  each  filing  of an
employee  benefit  plan's  annual  report  pursuant  to  Section  15(d)  of  the
Securities  Exchange  Act of 1934)  that is  incorporated  by  reference  in the
registration  statement  shall  be  deemed  to be a new  registration  statement
relating to the securities offered therein,  and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.

     (c) Request for  acceleration  of effective date or filing of  registration
statement on Form S-8.

         Insofar as indemnification for liabilities arising under the Securities
Act of 1933 may be permitted to directors,  officers and controlling  persons of
the  registrant  pursuant  to  the  foregoing  provisions,   or  otherwise,  the
registrant  has  been  advised  that  in  the  opinion  of the  Commission  such
indemnification  is  against  public  policy  as  expressed  in the  Act and is,
therefore,  unenforceable. In the event that a claim for indemnification against
such liabilities  (other than the payment by the registrant of expenses incurred
or paid by a director,  officer or  controlling  person of the registrant in the
successful  defense of any  action,  suit or  proceeding)  is  asserted  by such
director,  officer or controlling person in connection with the securities being
registered, the registrant will, unless in the opinion of its counsel the matter
has been  settled  by  controlling  precedent,  submit  to a court of  competent
jurisdiction the question whether such  indemnification  by it is against public
policy as expressed in the Act and will be governed by the final adjudication of
such issue.

                                                           Page 5
SIGNATURES

Pursuant to the  requirements  of the  Securities  Act of 1933,  the  registrant
certifies  that it has  reasonable  grounds to believe  that it meets all of the
requirements  for  filing  on Form S-8 and has  duly  caused  this  Registration
Statement  to be  signed  on its  behalf  by  the  undersigned,  thereunto  duly
authorized, in the City of Denver, State of Colorado, March 13, 1998.

                                EFTC CORPORATION,
                                a Colorado corporation

                                By /s/ Jack Calderon
                                       Jack Calderon
                                       President and Chief Executive Officer

Pursuant to the  requirements of the Securities Act of 1933,  this  Registration
Statement has been signed by the following  persons in the capacities and on the
dates indicated.

                               Title/Position Held
Signature                      with Registrant                    Date

        *                      Chairman of the Board              March 13, 1998
--------------------
Gerald J. Reid

/s/ Jack Calderon              President, Chief                   March 13, 1998
-----------------------------  Executive Officer
Jack Calderon                  and Director
                               

        *                      Director                           March 13, 1998
--------------------
Lucille A. Reid                

/s/ Stuart W. Fuhlendorf       Chief Financial Officer            March 13, 1998
------------------------       and Director
Stuart W. Fuhlendorf           
                               

        *                      Director                           March 13, 1998
--------------------
James A. Doran

        *                      Director                           March 13, 1998
--------------------
Robert McNamara

        *                       Director                          March 13, 1998
--------------------
Masoud S. Shirazi

        *                       Director                          March 13, 1998
--------------------
Darrayl Cannon

/s/ Brent L. Hofmeister         Controller                        March 13, 1998
-----------------------
Brent L. Hofmeister

8

                                                           Page 6
*                       Director                          March 13, 199
--------------------
Richard L. Monfort

        *                       Director                          March 13, 1998
--------------------
David W. Van Wert

        *                       Director                          March 13, 1998
--------------------
Charles E. Hewitson

        *                       Director                          March 13, 1998
--------------------
Gregory C. Hewitson

*By:  /s/ Stuart W. Fuhlendorf
    Stuart W. Fuhlendorf,
    as attorney-in-fact

                                                           Page 7
INDEX TO EXHIBITS

Exhibit
Number                       Description                                   Page

5.1      Opinion of Holme Roberts & Owen LLP.                               10

23.1     Consent of KPMG Peat Marwick LLP, Denver, Colorado.                12

23.2     Consent of Arthur Andersen LLP, Portland, Oregon.                  14

23.3     Consent of KPMG Peat Marwick LLP, Memphis, Tennessee.              16

23.4     Consent  of Holme  Roberts  & Owen  LLP is  contained  in its  
          legality opinion filed as Exhibit 5.1.

24.1     Powers of Attorney.                                                18

                                                           Page 8