NN, Inc. obtains Federal Firearms License, announces new business

NN, Inc. (NNBR) 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 under the International Traffic in Arms Regulations and its recently obtained Federal Firearms License issued by the Bureau of Alcohol, Tobacco, Firearms and Explosives. Notably, the FFL allows NN to produce specific components for firearms manufacturing. 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.”