August 2025 Confidential
Investor & Lender Briefing 2025
$23.7M Navy SDF Award: Scaling Capacity Revenue: $10.2M to $48.7M by 2027
America’s First African American - Owned Foundry
Precision. Innovation. Strength.
Prepared by: Aubrey Greene | President & Owner
info@tampabrass.com tampabrass.com
Foreword
Dear Investor, Tampa Brass & Aluminum (TBA) has been a trusted supplier of mission-critical castings since 1957. Today, we stand at a pivotal moment. Following a successful balance sheet reset, the United States Navy has entrusted us with a transformational mandate: to modernize, expand, and strengthen a critical segment of the defense industrial base. This opportunity builds on nearly four decades of proven defense work. Since 1986, TBA has supported programs for Lockheed Martin, General Dynamics, Allison Transmission, Moog, C4, and Raytheon—our Mentor-Protégé partner and co-winner of the 2023 Nunn Perry Award. With AS9100, ISO 9001, and NADCAP certifications, TBA is trusted across the defense industrial base, not just the Navy. Key developments position TBA for disciplined growth: Federal Backing: $23.7M Navy Supplier Development Fund award, with $4M released in August 2025. Incremental Liquidity: $4.0M BlueForge Purchase Order received; $2.35M expected September 30; $634K Mentor-Protégé inflow in October. Compliance & Execution: NAVSEA approval of RT and VT NDT procedures; Newport News audit passed in August 2025 for CuNI 70/30 requirements. Pipeline: Tomahawk missile awards, submarine alignment, and active pursuits with General Dynamics, Raytheon, Lockheed, L3, and Newport News and others. Leadership: Strengthened management team ensuring disciplined delivery. We are seeking a capital partner to join us in this next chapter. Our ask is a structured bridge to complement federal funding, accelerate milestone-based modernization, and convert a robust defense pipeline into recurring, high- margin production. The Navy has validated our role. Our primes have reaffirmed their confidence. Now we invite you to partner with us in building the future of TBA. Respectfully,
Aubrey C. Greene President & Owner Tampa Brass & Aluminum
Contents
Company Overview
04
Executive Summary
05 06 07 08 09
Filling a Critical Gap Transformation Story Reset to Scaled Growth Structured Capital Growth Trajectory Execution & Acceleration Appendix
10
11 12
Tampa Brass & Aluminum Corp
3
01
COMPANY OVERVIEW
65+ Years of Precision Manufacturing Resilience
For more than six decades, Tampa Brass & Aluminum (TBA) has delivered mission-critical castings and machined components for the nation’s most demanding programs — from DoD munitions and missile systems to Navy submarines, aerospace platforms, and energy infrastructure. As the first African American–owned foundry in the United States, and proudly certified 8(a), HUBZone, ITAR, AS9100, ISO 9001, and NADCAP, TBA occupies a unique position in the defense industrial base.
Today, a $23.7M Navy Supplier Development Fund award is fueling expansion into scarce alloys, including C964 copper-nickel, while modernizing equipment and scaling throughput. With this investment, TBA is not just a supplier it is a federally validated growth platform with vertically integrated casting, machining, and NDT capabilities that primes and the Navy depend on to close supply chain gaps. As the first African American–owned foundry in the United States, and proudly certified 8(a), HUBZone, ITAR, AS9100, ISO 9001, and NADCAP, TBA occupies a unique position in the defense industrial base.
Defense Footprint
Supplying DoD munitions, missile programs, and Navy shipbuilding. Trusted Partner
Certifications
AS9100, ISO 9001, NADCAP, ITAR, 8(a), HUBZone
Impact
First African American–owned foundry in the United States. Vertically integrated casting, machining, and NDT platform trusted by primes and the Navy.
Tampa Brass & Aluminum Corp.
4
A Legacy Reset for Growth Executive Summary
Tampa Brass & Aluminum Corp. (TBA) has transformed from a distressed legacy foundry into a federally backed growth platform at the center of America’s defense resurgence. With a $23.7M Navy Supplier Development Fund award ($4M released in Aug 2025), partnerships with LIFT and the Mentor-Protégé Program, and expansion into scarce alloys like C964 copper-nickel and steel, TBA is now one of fewer than ten U.S. foundries capable of meeting critical Navy needs. TBA also serves major defense customers—including Lockheed Martin, General Dynamics, Allison Transmission, Moog, C4, and Raytheon (its Mentor-Protégé partner and 2023 Nunn Perry Award co- winner)—and holds AS9100, ISO 9001, and NADCAP certifications. The Navy’s investment underscores urgent supply chain needs and confidence in TBA’s proven record in defense programs since 1986.
STRATEGIC HIGHLIGHTS
Financial Reset: Chapter 11 complete; clean balance sheet. Federal Investment: $23.7M Navy SDF award, $4M released. Capacity Expansion: Output up 25–49%, lead times cut 24%. Operational Execution: WIP down 30%, OTD 90%, missile scrap <3%.
UNIQUE POSITIONING
Heritage: Founded 1957, 65+ years manufacturing. Facility: 95,000 sq. ft., ITAR-compliant Tampa facility. Certifications: ITAR, 8(a), HUBZone, AS9100, ISO 9001, NADCAP. Recognition: First African American–owned foundry in the U.S.; Nunn Perry Award winner. Customer Base: Serving Navy, Lockheed, GD, Allison, Moog, C4, and Raytheon.
GROWTH TRAJECTORY
Revenue: $10.2M (2024A) → $48.7M (2027E), 4.5x scale. Margins: Expanding from 10% to 30%+ on high-value parts. EBITDA: Break-even April 2025 → 20% by 2027. Pipeline: $8M backlog, $100M active bids.
For investors, this is more than a turnaround . TBA is not just rebounding; it is scaling into a position of critical national importance . With federal investment secured, diversified defense prime customers, and high-barrier alloy capabilities, the path to growth is clear and de-risked.
Tampa Brass & Aluminum Corp
5
02
Transformation Story From Bankruptcy to Breakthrough
PRE-2025 CHALLENGES
MOUNTING LIABILITIES
SYSTEMATIC SHOCKS
Liabilities climbed into the tens of millions, straining operations and limiting flexibility.
COVID-era disruptions and inflation further exposed bottlenecks in a defense industrial base already short of castings.
OUTDATED EQUIPMENT
MARKET DECLINE
Revenue stalled at $4–5M, and aging equipment left TBA unable to bid on critical DoD alloys, including C964 copper-nickel
As high-margin markets like oil and gas dried up, TBA failed to diversify into new sectors or customers to replace lost work.
The reset eliminated $50M in liabilities and aligned ownership and leadership on a unified growth strategy.
TBA transformed its model, shifting from low- margin parts to high-value, vertically integrated cast-and-machine components. By bringing services in-house, they cut costs, shortened lead times, and pushed margins. Outdated workflows were replaced with advanced processes, AI- driven capabilities, and modernized equipment. With a focus on standardized processes, lean
principles, and workforce development, we’ve built a smart manufacturing culture designed for speed, scale, and resilience. Backed by $23.7M in Navy Supplier Development Funding, we are expanding capacity, modernizing furnaces, and scaling in- demand capabilities to maximize our market advantage.
Tampa Brass & Aluminum Corp.
6
Filling a Critical Gap in U.S. Manufacturing Critical Alloys. Limited Suppliers. Multi-Billion Demand. TBA’s reset positions us as more than a Navy supplier — we are a federally validated, diversified platform built to capture recurring demand across defense, aerospace, and industrial markets.
MARKET CRISIS
GEOPOLITICAL & ECONOMIC TAILWINDS
Critical shortage in C964 copper-nickel and other specialty alloys. Navy and defense programs experiencing delays and rising costs. <10 U.S. suppliers capable of meeting requirements.
Made in America policies driving reshoring. $1.7T federal incentives for manufacturing, innovation, workforce. National priority: strengthen domestic supply chain security.
Navy Programs: Virginia- & Columbia-class submarines, carriers, missile systems. Defense Primes: Active, current customers include Lockheed Martin, General Dynamics, Raytheon, L3, Moog, Allison Transmission, Newport News Aerospace & Industrial: NADCAP-certified alloy processes extend into aerospace and energy. THE MULTI-BILLION DEMAND SIGNAL Combined, these programs represent a multi-billion-dollar demand pool with urgent timelines and limited suppliers able to qualify.
“The United States must make consistent large ‑ scale investments in its domestic shipbuilding capacity to reorient an industry that has moved away from the country for decades.” Center for American Progress, May 2025
TAMPA BRASS & ALUMINUM IS UNIQUELY POSITIONED TO ANSWER THE CALL
Vertical Integration Vertically integrated (cast → machine → NDT) to deliver faster with fewer handoffs.
Federal Backing Backed by a $23.7M Navy SDF award (with $4M already released) accelerating modernization.
Diversified Diversified customer base: Lockheed, General Dynamics, Raytheon, Allison, Moog, C4.
Tampa Brass & Aluminum Corp
7
From Reset to Scaled Growth
Chapter 11 is complete, liabilities have been cleared, and the foundation is reset for sustainable growth. $10M → $48.7M Revenue in 3 Years
REVENUE & EBITDA TRAJECTORY
EBITDA-positive as of April 2025. WIP down 30%; on-time delivery tracking at 90%. 2027E: $48.7M revenue (4.5x growth) with 20% EBITDA margin. Stable cash inflows of $150K–$300K weekly; backlog >$8M. TBA is already EBITDA-positive and positioned for scalable, recurring, high-margin growth through 2027 and beyond.
With $50M in liabilities cleared through Chapter 11, TBA now operates on a clean balance sheet backed by $23.7M in non-debt federal funding. Revenue is scaling, EBITDA turned positive in April 2025, and with stable collections, $1.1M AR, and a $5M backlog, the company demonstrates disciplined liquidity, solid execution, and federally validated growth.
MARGIN EXPANSION Transitioning from high-touch, low-margin work to high-value components with margins exceeding 30%. Vertical integration eliminates outsourcing costs.
Smart manufacturing and equipment upgrades improve throughput and cost efficiency.
DIVERSIFIED & DE-RISKED GROWTH Navy SDF award accelerates modernization across all programs.
Recurring signals from missiles, submarines, carriers, aerospace, and energy. Active contracts with Lockheed Martin, General Dynamics, Raytheon, Moog, Allison, and C4.
8 Tampa Brass & Aluminum Corp
Structured Capital to Accelerate Modernization and Scale Partnership for De-Risked Growth
40% Equipment Modernization
Smart Manufacturing & Innovation
25%
Upgrade furnaces, machining centers, and NDT systems to expand CuNi/C964 and steel capacity and reduce lead times.
Automation, robotics, 3D tooling, and digital twins in partnership with LIFT to increase efficiency and precision.
Compliance & Quality Expansion
Working Capital & Liquidity
20%
15%
Expanded In-house NDT lab capacity and compliance to secure larger, recurring defense contracts.
Stabilize inventory, accelerate WIP reduction, support scaling workforce, and manage supply chain inputs.
Why this capital is de-risked and high-return:
Converts backlog and $100M+ active pipeline into revenue and cash flow. Positions TBA for 4.5x revenue growth and sustained 20% EBITDA margins by 2027. Backed by Navy validation and active contracts with leading defense primes. Complements $23.7M in non-debt federal funding already secured. Investor capital is not rescue funding. It is a bridge to scale federally validated demand into recurring, high-margin production.
Tampa Brass & Aluminum Corp
9
Leadership & WORKFORCE
Catalysts for Transformation
Leadership change sparked investment sustains the transformed TBA into a growth platform ready to s American manufacturing.
Aubrey C. Greene President & Owner
Chris Leto VP, Sales & Business Development
Strategy, Navy/DoD alignment; leads modernization.
Prime re-engagement; aligns capacity to demand.
Leadership & Culture
Under new leadership, TBA underwent a cultural and operational reset that was critical to its rapid recovery. Leaders set a tone of accountability, with clear ownership established across every department. Processes were tightened, execution became disciplined, and within months the company shifted from instability to EBITDA-positive operations. What was once a business burdened by liabilities is now operating with clarity, accountability, and sustainable discipline.
Jeff Yeager Transformation & Program Mgmt.
SDF program governance; cross- functional milestone control.
Nathan Bailey Director of Quality
Scheduling and WIP/OTD discipline supporting reliability. Six Sigma Black Belt
10 Tampa Brass & Aluminum Corp
the cultural reset. Workforce momentum. Together, they profitable, federally aligned ecure the next generation of
Workforce Development
Johnny Stringer Director of Engineering
Transformation extends beyond equipment — it is about building people. Investments in training through state programs, Mentor-Protégé support, and the $23.7M Navy Supplier Development Fund. Upskilling in casting, machining, and NDT aligned with smart manufacturing and lean practices. Supplier development extends training impact across the Navy/DoD supply base. Result: A future-ready workforce positioned to power advanced manufacturing and meet national defense demand.
CuNi/C964 process capability, Supplier compliance, weld/NDT procedures for defense work. Six Sigma Black Belt
Maria Long Director of Strategy & Operations
Federal contracting, and Navy/DoD program participation.
Kirk S. Harvey Technical Sales Manager Throughput, PFMEA, CuNi/C964 process capability. Six Sigma Black Belt
Tampa Brass & Aluminum Corp
11
Appendix
24-Month P&L FINANCIAL FORECASTS EBIDTA Trajectory
Backlog vs. Pipeline Tables
NAVSEA Approvals COMPLIANCE & CERTIFICATIONS Newport News Audit ITAR, AS9100, ISO9001 & NADCAP
KEY DOCUMENTS
Mentor-Protégé Award (Nunn-Perry)
Navy SDF Award Letters SDF Milestones
95,000 SQ FT Tampa Site FAST FACTS/FACILITY OVERVIEW Workforce Scale Equipment Upgrade Plan
12 Tampa Brass & Aluminum Corp
Investor & Lender Briefing 2025 For over 65 years, Tampa Brass & Aluminum has delivered mission-critical castings and components to defense and industry. Today, with a clean balance sheet, federally backed modernization through the Navy’s Supplier Development Fund, and in-house capabilities spanning castings, machining, and NDT, TBA stands as the first African American–owned foundry in the United States positioned on Navy and DoD priority programs. Our vertical integration, compliance readiness, and program alignment ensure that capacity directly supports Navy shipbuilding and DoD munitions demand. With recurring orders, federal funding in place, and disciplined leadership, Tampa Brass & Aluminum is poised for sustainable, de-risked growth.
www.TampaBrass.com
Confidential Investor & Lender Briefing 2025
Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14Made with FlippingBook - Share PDF online