I think it is a 'factory protection' cap badge.
Thanks Walkwolf. Would that mean a private security company?
Thanks for the info! I will try to find it in wear with the info you provided me.
The uniforms and insignia for WS/WSD personnel working for companies belonging to the Reichsgruppe Industrie (RGr. I) were standardized (and included the pictured cap eagle), while other companies used a wide variety of individual uniforms and insignia.
Here is the cap eagle in wear by a factory security guard:
The same cap eagle, by the way, was also worn by Werkfeuerwehr (factory firefighting service) personnel.
Thanks for the detailed info HPL2008! It was much needed. I have not been able to find much on the web about this and not even a picture of the reverse of this pin. VG, Lee
You're welcome. Here is another image of factory firefighters wearing that cap eagle:
Very interesting! Thanks for posting that! Its the first pic I have seen of it in wear! VG, Lee