Item 2. Properties
Item 2. Properties.
Our corporate headquarters is located at a leased facility in Davidson, North Carolina. As of December 31, 2020, we had 157 facilities worldwide, including four corporate and shared-services facilities. Approximately 79% of our facilities operate as manufacturing and engineering, metal treatment, or aerospace overhaul plants, while the remaining 21% operate as selling and
18
administrative office facilities. The number and type of facilities utilized by each of our reportable segments are summarized below:
Owned Facilities Location Commercial/ Industrial Defense Power Total
North America 12 2 4 18
Europe 10 — — 10
Total 22 2 4 28
Leased Facilities Location Commercial/ Industrial Defense Power Total
North America 49 17 21 87
Europe 20 6 — 26
Asia 11 1 — 12
Total 80 24 21 125
The buildings on the properties referred to in this Item are well maintained, in good condition, and are suitable and adequate for current needs. Management believes that the productive capacity of our properties is adequate to meet our anticipated volume for the foreseeable future.
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