NN, Inc. Provides Update on Aerospace and Defense Capabilities

Core Insights - NN, Inc. has strengthened its Aerospace and Defense business by obtaining a Federal Firearms License (FFL) and registering with the U.S. Department of State's Directorate of Defense Trade Controls (DDTC) under ITAR, enhancing its ability to serve U.S. and allied defense customers [1][2] Aerospace and Defense Business Update - The company views its Aerospace and Defense segment as a significant growth platform, leveraging its ITAR registration and FFL license alongside U.S.-based manufacturing capabilities to deliver high-quality, mission-critical components [2] - NN has secured a new business relationship with a well-known specialty firearms manufacturer, leading to the prototyping and launching of new parts for various programs, indicating potential for substantial growth in this area [2][3] Manufacturing Capabilities - NN's Aerospace and Defense operations provide precision components, plating services, and assemblies for applications including guidance systems, weapon components, and electronic subsystems, supported by ITAR-registered facilities and FFL licensing [1][2] - The General Metal Finishing (GMF) division has over 50 years of experience in high-reliability defense programs, offering various plating and finishing services that meet military specifications [3] - The Polymet division supplies advanced clad metal solutions, enhancing performance in weaponry components and aerospace applications, backed by ISO 9001:2015 quality systems [4] Strategic Positioning - NN's facilities are strategically located across the U.S., enabling secure production of plating, machining, clad metals, and electronics for a range of defense programs [5] - The company anticipates an increase in Aerospace and Defense-related revenue as new opportunities arise from government programs and prime contractors, with plans to expand capabilities and product offerings [6]