The company is named after famous Yugoslav Partisan Milan Blagojević Španac who is credited for initiating the anti-fascist struggle in Yugoslavia during World War II.

During the 1990s, company has deteriorated due to the Yugoslav Wars and sanctions imposed on Serbia and Montenegro.

[3] As of 2017, Milan Blagojević - Namenska is one of the largest defence industry companies of Serbia, exporting more than 90% of its products.

[8] The cause of fire was unsafe transport of goods (i.e. gunpowder) due to lacking protection measures of the company.

[10] Following the accidents, the Prime Minister of Serbia Ana Brnabić and the Minister of Defence Aleksandar Vulin stated that the Government will continue to invest in factory's safety, but that "accidents will continue to happen until the full process automation is reached".