Item 2. Properties
Item 2. Properties.
Our corporate headquarters is located at a leased facility in Davidson, North Carolina. As of December 31, 2021, we had 154 facilities worldwide, including four corporate and shared-services facilities. Approximately 80% of our facilities operate as manufacturing and engineering, metal treatment, or aerospace overhaul plants, while the remaining 20% operate as selling and administrative office facilities. The number and type of facilities utilized by each of our reportable segments are summarized below:
Owned Facilities Location Aerospace & Industrial Defense Electronics Naval & Power Total
North America 8 1 9 18
Europe 9 — 1 10
Total 17 1 10 28
Leased Facilities Location Aerospace & Industrial Defense Electronics Naval & Power Total
North America 42 17 24 83
Europe 18 5 3 26
Asia 10 1 2 13
Total 70 23 29 122
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.
19
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.