Millat Industries Corp.

What Millat Industries Corp. does

Millat Industries Corp. is a privately held, family-controlled precision machining supplier founded in 1966 by Bob Millat in Dayton, Ohio, and currently led at the executive level by Adam Millat (Executive Vice President). The company operates two Ohio facilities totaling 150,000 sq ft and employs 190+ associates organized into three divisions: Custom Machining (AS9100D-certified prototype-to-low-volume aerospace work), Mass Production (IATF 16949-certified high-volume automotive components such as bearing caps at 15,000 pieces/day with 0.020mm tolerance, steering knuckles, and suspension parts), and Machined Painted Products (MPP, integrated CNC machining plus world-class powder coating with 700-hour ASTM B-117 salt spray capability acquired through a 2004 Huber Heights expansion).

Its core technology centers on precision CNC machining, including 4- and 5-axis high-speed milling with high-pressure thru-the-tool coolant, multi-tasking mill turn centers, NADCAP-compliant Wire EDM (with GE Aviation GT193 Special Process Approval), automated assembly with poka-yoke error proofing and statistical process control, in-house tool room, and proprietary nickel-alloy techniques using a Chip Thinning process that reportedly increased Inconel material removal rates from 1.1 to 8.0 in3/min. The company serves five verticals — Aerospace (GE Aviation, Boeing, Pratt & Whitney, Unison Industries, Kreisler), Automotive (Honda, Ford, GM, Subaru, Dodge), Medical (Hill-Rom, Bausch & Lomb), Energy, and Commercial/Construction (Trimble, Danfoss-Turbocor) — as a 1st and 2nd Tier direct OEM supplier with JIT and dock-to-stock delivery.

The business model is B2B precision contract manufacturing using quote-based pricing driven by project specifications, volume, and material requirements. Revenue streams fall into prototype-to-low-volume aerospace work, high-volume mass-production automotive components, and machined-plus-painted finished goods. Go-to-market is enterprise field sales and RFQ-driven inbound; distribution is direct to OEM assembly lines with no intermediaries. Recent capital deployment (a $3.7M Kettering facility expansion funding application, aerospace and MPP lathe investments, a Quality Laboratory doubling, and a 294 kW solar array) signals a growth posture funded largely by Ohio state incentives and operating cash flow rather than institutional equity.

Name

Millat Industries Corp.

Legal name

Millat Industries Corp.

Website

https://millatindustries.com

Company type

Private

Founded year

1966

Operating status

Operating

Headcount range

101–250 employees

Short description

Millat Industries Corp. is a Dayton, Ohio-based precision CNC machining supplier serving aerospace, automotive, medical, energy, and commercial OEMs across two facilities with 190+ associates, delivering prototype through high-volume production, NADCAP Wire EDM, and integrated powder coating since 1966.

Ownership category

akta.pro rank

Headquarters

HQ city

Dayton

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Precision CNC Machining Services: B2B manufacturing services providing precision CNC machining for aerospace, automotive, medical, energy, and commercial industries. Revenue generated from project-based manufacturing with prototype to high-volume production capabilities. Services include turning, milling, EDM, assembly, and finishing treatments.
2. Mass Production Manufacturing: Long-run, high volume machining and assembly processes for OEM customers. Production volumes from 100,000 to millions of pieces annually for automotive components such as bearing caps, steering knuckles, engine brackets, and suspension components.
3. Machined Painted Products: Machining and powder coat painting services with world class six-stage wash and rinse system. Additional services include pad printing, silk screening, welding, assembly, heat treating, plating, and anodizing.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Millat Industries Corp. is a precision machining contract manufacturer operating three divisions: a Custom Machining Division (AS9100D-certified prototype and low-to-mid-volume aerospace and industrial machining), a Mass Production Division (IATF 16949-certified high-volume, close-tolerance automotive components), and a Machined Painted Products (MPP) Division (precision CNC machining combined with powder coating, pad printing, and assembly). The company serves aerospace, automotive, medical, energy, and commercial OEMs with capabilities spanning CNC turning, 4- and 5-axis milling, Wire EDM (NADCAP compliant), automated assembly, powder coating, and finishing services.

Product overview

Millat Industries Corp. is a precision machining and manufacturing company founded in 1966, operating as a single unified business with three specialized divisions that work together to serve diverse industries. The Custom Machining Division handles prototype and low-volume aerospace work with AS9100 certification; the Mass Production Division delivers high-volume automotive components with tight tolerances; and the Machined Painted Products (MPP) Division combines CNC machining with powder coating and finishing services. The company serves five primary industry verticals: Aerospace (AS9100 certified, serving GE Aviation, Boeing, Pratt & Whitney), Automotive (IATF 16949 certified, serving Ford, Honda, Dodge, GM, Subaru), Commercial, Energy, and Medical (all ISO 9001 certified). Key specialized capabilities include nickel alloy/Inconel machining, NADCAP Wire EDM (including GE Aviation Special Process Approval), powder coating with 700-hour salt spray capability, and automated assembly. The company operates two facilities in Dayton, Ohio with combined 150,000 sq ft and over 190 associates.

Differentiator

Problem solved

Functional benefit

Products and services

• Custom Machining Division AS9100D-certified prototype and low-to-mid volume precision machining services for aerospace and other industries, offering expedited delivery, in-house tooling, special fixtures, first article inspections, and material traceability. Serves customers such as GE Aviation, Unison Industries, Kreisler, Hill-Rom, Honda, BWI, Bausch & Lomb, and Danfoss-Turbocor.
• Mass Production Division

Quantifiable outcome

• Material removal rate improved from 1.1 in3/min to 8.0 in3/min for Inconel machining
• +3 more outcomes

Named customers14 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core, strategic and minor.

• Sinclair Community CollegecoreStrategic or Co-development Partner · 29 June 2026DOL Registered Apprenticeship Program partnership combining company-paid classroom instruction with extensive on-the-job training. Apprentices earn nationally recognized credentials while developing advanced precision manufacturing skills. Fall 2026 program training three new or current employees.
• Melink SolarstrategicTechnology or Integration · 10 October 2025Solar energy project installation at Huber Heights facility. 294 kW-DC solar installation capable of producing 340,000+ kWh of energy annually (35% of facility's energy consumption). Strategic investment in sustainable manufacturing.
• America MakesstrategicStrategic or Co-development Partner · 18 March 2021National accelerator for additive manufacturing membership. Supports new product introduction capabilities with 3D printing technology for additive manufacturing post-processing services.
• Local High Schools and Career Technology CenterscoreStrategic or Co-development PartnerLong-standing internship program providing CTC students valuable internship opportunities bridging classroom learning with real-world manufacturing experience. Students gain exposure to CNC machining, quality systems, engineering, maintenance, and manufacturing operations.
• University of Dayton Center for LeadershipcoreStrategic or Co-development PartnerExtended partnership for leadership development programs. Supports associate professional development through training initiatives.
• City of Huber HeightsminorOthersRibbon Cutting ceremony participant for solar array installation at Huber Heights facility. Partnership for sustainable manufacturing initiative.

Scale indicators8 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Triumph Group: Large public aerospace structures, systems, and precision components supplier to OEMs including Boeing, GE, and Pratt & Whitney. Operates in the same aerospace supply chain as Millat but at significantly greater scale and product breadth.
• Precision Castparts Corp (PCC): Berkshire Hathaway-owned global leader in investment castings, forgings, and fabricated metal components for aerospace, power, and industrial markets. Overlaps Millat's aerospace structural component space but at massive scale and with vertically integrated casting/forging capability.
• Howmet Aerospace: Public pure-play aerospace company manufacturing engine components (blades, vanes, structural castings) from nickel super-alloys — the same material class where Millat has developed proprietary Inconel machining expertise. Broad incumbent with much larger scale.
• LISI Aerospace: Global tier-1 manufacturer of aerospace fasteners, structural components, and high-precision machined parts serving Airbus, Boeing, and major engine OEMs. Overlaps Millat's aerospace machining focus but operates at a meaningfully larger scale and broader product portfolio.
• Barnes Group (B): Diversified industrial and aerospace components manufacturer serving engine OEMs with engineered components, assemblies, and aftermarket parts. Comparable in aerospace precision component manufacturing but with broader industrial exposure and public-company scale.

Direct peers

• Mayville Engineering Company (MEC): Publicly traded contract precision machining and metal forming company serving heavy-duty truck, construction, agriculture, powersports, and aerospace markets. Highly comparable to Millat in customer mix, vertical (aerospace + commercial vehicle/industrial), and precision machining service model.
• Shiloh Industries: Provider of lightweighting, noise/vibration/harshness solutions and precision machined components primarily for automotive and commercial vehicle OEMs. Closely comparable in automotive mass-production machining orientation and customer base (OEMs including GM and others).
• Voss Industries: Mid-sized US manufacturer of precision machined and formed metal components for aerospace, military, and industrial markets. Comparable in scale, certification requirements (AS9100), and precision machining service orientation.
• NN Inc (NNBR): Precision components manufacturer serving automotive, aerospace, industrial, and medical end markets through machined components, bearing products, and assemblies. Directly comparable in scale, customer verticals, and focus on tight-tolerance metal components.

Regional players

• Continental Aerospace Technologies: Specialty aerospace manufacturer of certified engine and fuel system components, including precision-machined parts for piston and turbine engines. Comparable in aerospace precision machining expertise but with a narrower product focus centered on engine subsystems.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/millat-industries-corp.

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Millat Industries Corp.