SOURCE: broken shaft 3/8 milwaukee hammer drill mod #5392-1
Yes it does. The collar mechanism and retaining ring come off and under all that is a sleeve with steel ball bearings, what I am saying is it would be better to take to a repair shop. I worked on this tool for years and they are decent to use, but repairing that without proper equiptment is not fun. Let me know your area and I will try and find a repair center for you.
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