RBC manufactures precision bearings, gearing, and fluid control components for industrial machinery and aerospace and defense platforms. The company operates through two segments: Industrial and Aerospace & Defense. The Industrial segment provides components for heavy equipment manufacturers and the maintenance, repair, and operations aftermarket through brands like Dodge. Key end markets include mining, construction, food and beverage, and general manufacturing. The Aerospace & Defense segment serves aircraft manufacturers and defense primes, providing parts for commercial planes, fighter jets, submarines, and missiles. RBC's business model relies on custom-designing products during a customer's original development process, which often makes RBC the sole or primary supplier for the entire life of a platform. This positioning creates high barriers to entry due to required FAA and DoD approvals and leads to a predictable, long-term aftermarket revenue stream. RBC focuses on increasing its component content per platform and participating in production ramps for major programs like the Boeing 737 MAX and Virginia-class submarines. The company uses M&A to acquire businesses with compatible customer bases and manufacturing operations it can improve, such as the acquisition of VACCO to add specialized submarine and space technology. RBC integrates these acquisitions to expand margins and cross-sell products across its established customer relationships.