NN, Inc. announces new defense contracts and has secured weapons manufacturing licenses, enhancing its Aerospace and Defense capabilities.
Quiver AI Summary
NN, Inc. announced updates to its Aerospace and Defense business, highlighting its registration with the U.S. Department of State under ITAR and its new Federal Firearms License (FFL), which allows it to manufacture specific firearm components. These credentials position the company to better serve U.S. and allied defense clients with secure and high-quality production capabilities. The CEO, Harold Bevis, stated that the company is focusing on this sector as a growth platform. Additionally, NN has secured a new business relationship with a well-known specialty firearms manufacturer, leveraging its expertise in laser technologies and precision machining. NN's Aerospace and Defense operations offer a range of services, including precision components and metal finishes, while emphasizing its commitment to compliance and quality. The company anticipates growth in revenue related to Aerospace and Defense sectors as it expands its capabilities and certifications.
Potential Positives
- NN, Inc. has obtained key regulatory registrations (ITAR and FFL) that enhance its manufacturing capabilities and ability to serve U.S. defense customers.
- The company announced a new business relationship with a well-known specialty firearms manufacturer, opening new revenue opportunities in the aerospace and defense markets.
- NN's Aerospace and Defense segment is identified as a significant growth area, with expectations for increasing revenue through new government and aerospace initiatives.
- With over 50 years of experience in high-reliability defense programs and multiple quality certifications, NN positions itself as a trusted supplier capable of meeting stringent military specifications.
Potential Negatives
- The announcement of entering the firearms manufacturing sector may attract scrutiny and controversy, potentially impacting the company's public image and relationships with non-defense customers.
- The expectation of increased revenue from Aerospace and Defense could create pressure to deliver results, raising concerns about the company's ability to meet growth targets amidst an uncertain economic environment.
- New regulatory compliance requirements related to ITAR and FFL licensing could impose additional operational burdens and costs on the company, affecting profitability.
FAQ
What recent licensing did NN, Inc. obtain for its Aerospace and Defense operations?
NN, Inc. obtained a Federal Firearms License (FFL) and registered with the DDTC under ITAR.
How does the FFL enhance NN's capability?
The FFL allows NN to produce specific components for firearms manufacturing, strengthening its offerings to defense customers.
What new business relationship did NN announce?
NN announced a new partnership with a well-known manufacturer of specialty firearms, focusing on precision machining.
What certifications support NN’s Aerospace and Defense operations?
NN's Aerospace and Defense segment holds NADCAP accreditation and ISO 13485:2016 and ISO 9001:2015 certifications.
How does NN plan to expand its Aerospace and Defense capabilities?
NN plans to grow its capabilities, products, and certifications while enhancing its online presence.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$NNBR Insider Trading Activity
$NNBR insiders have traded $NNBR stock on the open market 8 times in the past 6 months. Of those trades, 8 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $NNBR stock by insiders over the last 6 months:
- HAROLD C BEVIS (President and CEO) has made 4 purchases buying 50,000 shares for an estimated $108,686 and 0 sales.
- TIMOTHY M. FRENCH (Chief Operating Officer) has made 2 purchases buying 50,000 shares for an estimated $104,262 and 0 sales.
- RAJEEV GAUTAM purchased 10,000 shares for an estimated $22,220
- JERI J HARMAN purchased 10,288 shares for an estimated $20,576
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$NNBR Hedge Fund Activity
We have seen 35 institutional investors add shares of $NNBR stock to their portfolio, and 52 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. removed 2,422,657 shares (-76.7%) from their portfolio in Q2 2025, for an estimated $5,087,579
- NANTAHALA CAPITAL MANAGEMENT, LLC added 1,000,000 shares (+69.4%) to their portfolio in Q2 2025, for an estimated $2,100,000
- FIRST MANHATTAN CO. LLC. added 575,000 shares (+29.9%) to their portfolio in Q2 2025, for an estimated $1,207,500
- GEODE CAPITAL MANAGEMENT, LLC removed 565,411 shares (-50.3%) from their portfolio in Q2 2025, for an estimated $1,187,363
- KENNEDY CAPITAL MANAGEMENT LLC removed 488,295 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $1,025,419
- UBS GROUP AG removed 401,442 shares (-99.5%) from their portfolio in Q2 2025, for an estimated $843,028
- MILLENNIUM MANAGEMENT LLC added 364,017 shares (+inf%) to their portfolio in Q2 2025, for an estimated $764,435
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Company Also Announces a New Weapons Customer for its North American Machining Operations
CHARLOTTE, N.C., Oct. 06, 2025 (GLOBE NEWSWIRE) -- NN, Inc. (NASDAQ: NNBR), a global diversified industrial company that engineers and manufactures high-precision components and assemblies, today provided an update on its Aerospace and Defense business, supported by registration with the U.S. Department of State’s Directorate of Defense Trade Controls (DDTC) under the International Traffic in Arms Regulations (ITAR) and its recently obtained Federal Firearms License (FFL) issued by the Bureau of Alcohol, Tobacco, Firearms and Explosives. Notably, the FFL allows NN to produce specific components for firearms manufacturing. NN’s ITAR registration and FFL license strengthen the Company’s ability to serve U.S. and allied defense customers with secure, high-quality manufacturing solutions.
“Our Aerospace and Defense business is a focus area and is scaling into a meaningful growth platform for NN,” said Harold Bevis, President and Chief Executive Officer of NN, Inc. “By pairing our existing ITAR registration and FFL license with our U.S.-based manufacturing capabilities, we believe we are uniquely positioned to deliver mission-critical components that meet the highest standards of security, precision, and quality. Looking ahead, we expect to strengthen and expand our foundation for growth while opening up new pathways to create value for our defense and commercial partners. Aerospace and defense customers seek suppliers like NN who can combine technical expertise with rigorous compliance, and NN is answering that call.”
In tandem with the announcement of its newly obtained licensing, NN is also announcing a new business win and commercial relationship for its North America machining operations. Rob Esch, NN’s CTO of Machining said, “Our experience with laser technologies and precision machining of exotic metal alloys has led to a breakthrough with a well-known manufacturer of specialty firearms. This has led directly to NN recently winning new business, and we are currently prototyping and launching many new parts for several new programs. This new area for NN has the potential to grow much larger for both parties. We are very excited to be building on our capabilities and supporting our partners this way.”
NN’s Aerospace and Defense operations deliver precision components, plating services and assemblies used in guidance systems, optics and scope housings, weapon components, laser systems, and electronic subsystems. The Company’s ITAR-registered facilities are prepared to serve the specialized needs of customers with ITAR-controlled projects while its FFL license ensures responsible manufacturing in firearms-related categories. Together, these credentials enhance NN’s role as a trusted partner to aerospace companies, Tier-1 defense primes, and advanced technology customers.
Within its Aerospace and Defense segment, NN’s General Metal Finishing (GMF) division has supported high-reliability defense programs for more than 50 years. GMF provides manual rack, barrel, and vibratory plating, stainless steel electropolishing, and a broad range of precious and non-precious metal finishes that meet stringent military specifications. With NADCAP accreditation, ISO 13485:2016 and ISO 9001:2015 certifications, and more than 50,000 square feet of production space, GMF processes millions of parts annually for applications such as hybrid microelectronic packages, refractory metal heatsinks, and machined aluminum housings.
NN’s Polymet division adds advanced clad metal solutions to the portfolio, supplying aerospace and defense customers with overlay, inlay, and corelay materials, as well as precious metal wire and electrical contact tapes. These products are used in weaponry components, aerospace connectors, electronic heatsinks, and sighting systems, providing performance advantages that single-alloy components cannot achieve. Polymet’s ISO 9001:2015 quality systems and rigorous ASTM testing standards support reliable supply into mission-critical programs.
The Company’s Aerospace and Defense-capable facilities are strategically located across its U.S. manufacturing network, providing plating, machining, clad metals, and electronics production in secure environments. These capabilities allow NN to support programs ranging from guided munitions and avionics to optics, scopes, and specialty firearms assemblies.
NN expects its Aerospace and Defense-related revenue to increase as new opportunities emerge across government programs, prime contractors, and aerospace initiatives. The Company also plans to expand its Aerospace and Defense capabilities, products and certifications, and highlight them with a larger presence on its corporate website.
ABOUT NN
NN, Inc., a global diversified industrial company, combines advanced engineering and production capabilities with in-depth materials science expertise to design and manufacture high-precision components and assemblies for a variety of markets on a global basis. Headquartered in Charlotte, North Carolina, NN has facilities in North America, Europe, South America, and Asia. For more information about the company and its products, please visit www.nninc.com .
FORWARD-LOOKING STATEMENTS
This press release contains express and implied forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally will be accompanied by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast,” “growth,” “guidance,” “intend,” “may,” “will,” “possible,” “potential,” “predict,” “project”, “trajectory” or other similar words, phrases or expressions. Forward-looking statements involve a number of risks and uncertainties that are outside of management’s control and that may cause actual results to be materially different from such statements. Such factors include, among others, general economic conditions and economic conditions in the industrial sector; material changes in the costs and availability of raw materials; the level of our indebtedness; our ability to secure, maintain or enforce patents or other appropriate protections for our intellectual property; and cyber liability or potential liability for breaches of our or our service providers’ information technology systems or business operations disruptions. The foregoing factors should not be construed as exhaustive and should be read in conjunction with the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included in the Company’s filings made with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
Investor Relations:
Joseph Caminiti or Stephen Poe, Investors
[email protected]
312-445-2870