Item 2. Properties
Item 2. Properties.
Our corporate headquarters is located at a leased facility in Davidson, North Carolina. As of December 31, 2024, we had 148 facilities worldwide, consisting of 144 facilities associated with our reportable segments as well as four corporate and shared-services facilities. Approximately 86% of our facilities operate as manufacturing and engineering, metal treatment, or aerospace
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overhaul plants, while the remaining 14% 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 7 1 5 13
Europe 9 — — 9
Total 16 1 5 22
Leased Facilities Location Aerospace & Industrial Defense Electronics Naval & Power Total
North America 42 16 26 84
Europe 13 4 9 26
Asia 10 — 2 12
Total 65 20 37 122
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.
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