Latest news with #FairbanksMorseDefense
Yahoo
16-07-2025
- Business
- Yahoo
Fairbanks Morse Defense Completes Acquisition of Critical Naval Manufacturing Capabilities from Rolls-Royce
Milestone event at Pascagoula foundry draws Mississippi Governor Tate Reeves and key stakeholders to mark defense industry and regional economic growth BELOIT, Wis., July 16, 2025--(BUSINESS WIRE)--Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), has finalized its acquisition of the Rolls-Royce Naval Propulsors business. This milestone was celebrated at the newly acquired Pascagoula, Mississippi, foundry, where Governor Tate Reeves, Fairbanks Morse Defense CEO Steve Pykett, Jackson County Economic Development Foundation Deputy Director Mary Martha Henson, and other community and industry leaders gathered to recognize the significance of the acquisition to both national security and regional economic growth. Click HERE for photos from the event. The Fairbanks Morse Defense Pascagoula facility is the only privately owned foundry in the United States capable of casting large Navy-standard propulsor systems, making it a critical component of the maritime defense supply chain. Now operating through a naval-focused defense contractor, the facility is being fully integrated into Fairbanks Morse Defense's broader portfolio of naval technologies. The strategic shift is designed to boost support for the U.S. Navy through enhanced responsiveness, increased investment, and continued innovation, while also preserving skilled jobs and strengthening Mississippi's industrial economy. "This acquisition represents a strategic investment in sustaining the United States' defense manufacturing capabilities and ensuring we remain prepared to meet mission-critical demands," said Steve Pykett, CEO of Fairbanks Morse Defense. "The Pascagoula foundry, in particular, plays a vital role in supporting the Navy's maritime dominance, and its continued operation expands our capacity to serve as a trusted partner to the U.S. military. Integrating these highly skilled workforces into Fairbanks Morse Defense strengthens our ability to deliver on our mission of supporting warfighter readiness at home and abroad." Event guests had a rare opportunity to tour the foundry and directly engage with leaders who are committed to advancing both national security and Mississippi's manufacturing economy. During his opening comments, Governor Reeves underscored the broader economic impact of the foundry on the state's economy. "The acquisition of the Pascagoula foundry by Fairbanks Morse Defense is a strategic win for Mississippi and our nation's defense," said Governor Reeves. "This move reinforces our state's commitment to supporting the defense industrial base. Mississippi stands ready to provide the skilled workforce and robust infrastructure necessary to ensure our defense partners have the resources they need to succeed." Jackson County Economic Development Foundation Deputy Director Mary Martha Henson echoed this sentiment, emphasizing the value of local resources and community commitment. "Fairbanks Morse Defense is joining a community that knows how to get the job done," Henson said. "Jackson County has the infrastructure, workforce, and partnerships to help defense manufacturers thrive because we're focused on building a regional hub that strengthens our economy and supports national security. We look forward to working with Fairbanks Morse Defense to grow local opportunity and ensure their success here on the Mississippi Gulf Coast." The Pascagoula site is one of several key assets included in the Rolls-Royce Naval Propulsors' business acquisition. Fairbanks Morse Defense also gains a manufacturing campus in Walpole, Massachusetts, to produce critical propulsor systems for the U.S. Navy, Coast Guard, and allied naval fleets. Additionally, Fairbanks Morse Defense is in the process of acquiring Rolls-Royce's facility in Peterborough, Ontario, where it will support handling systems and undersea technology, including the Mission Bay Handling System used in the Global Combat Ship programs of the U.K., Canada, and Australia. About Fairbanks Morse Defense (FMD) Fairbanks Morse Defense (FMD) builds, maintains, and services the most trusted naval power and propulsion systems on the planet. For nearly a century, Fairbanks Morse Defense has been a principal supplier of a growing array of leading marine technologies, OEM parts, and turnkey services to the U.S. Navy, U.S. Coast Guard, Military Sealift Command, and Canadian Coast Guard. FMD stands ready to rapidly support the systems that power military fleets without compromising safety or quality. In times of peace and war, the experienced engineers, sailors, and technicians of FMD demonstrate our commitment to supporting the mission and vision of critical global naval operations wherever and whenever needed. FMD is a portfolio company of Arcline Investment Management. To learn more, visit View source version on Contacts Fairbanks Morse Media Contact: Mercom CommunicationsMichelle HargisTel: 512-347-0300fairbanksmorse@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
16-07-2025
- Business
- Business Wire
Fairbanks Morse Defense Completes Acquisition of Critical Naval Manufacturing Capabilities from Rolls-Royce
BELOIT, Wis.--(BUSINESS WIRE)-- Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), has finalized its acquisition of the Rolls-Royce Naval Propulsors business. This milestone was celebrated at the newly acquired Pascagoula, Mississippi, foundry, where Governor Tate Reeves, Fairbanks Morse Defense CEO Steve Pykett, Jackson County Economic Development Foundation Deputy Director Mary Martha Henson, and other community and industry leaders gathered to recognize the significance of the acquisition to both national security and regional economic growth. The Fairbanks Morse Defense Pascagoula facility is the only privately owned foundry in the United States capable of casting large Navy-standard propulsor systems, making it a critical component of the maritime defense supply chain. Click HERE for photos from the event. The Fairbanks Morse Defense Pascagoula facility is the only privately owned foundry in the United States capable of casting large Navy-standard propulsor systems, making it a critical component of the maritime defense supply chain. Now operating through a naval-focused defense contractor, the facility is being fully integrated into Fairbanks Morse Defense's broader portfolio of naval technologies. The strategic shift is designed to boost support for the U.S. Navy through enhanced responsiveness, increased investment, and continued innovation, while also preserving skilled jobs and strengthening Mississippi's industrial economy. 'This acquisition represents a strategic investment in sustaining the United States' defense manufacturing capabilities and ensuring we remain prepared to meet mission-critical demands,' said Steve Pykett, CEO of Fairbanks Morse Defense. 'The Pascagoula foundry, in particular, plays a vital role in supporting the Navy's maritime dominance, and its continued operation expands our capacity to serve as a trusted partner to the U.S. military. Integrating these highly skilled workforces into Fairbanks Morse Defense strengthens our ability to deliver on our mission of supporting warfighter readiness at home and abroad.' Event guests had a rare opportunity to tour the foundry and directly engage with leaders who are committed to advancing both national security and Mississippi's manufacturing economy. During his opening comments, Governor Reeves underscored the broader economic impact of the foundry on the state's economy. 'The acquisition of the Pascagoula foundry by Fairbanks Morse Defense is a strategic win for Mississippi and our nation's defense,' said Governor Reeves. 'This move reinforces our state's commitment to supporting the defense industrial base. Mississippi stands ready to provide the skilled workforce and robust infrastructure necessary to ensure our defense partners have the resources they need to succeed.' Jackson County Economic Development Foundation Deputy Director Mary Martha Henson echoed this sentiment, emphasizing the value of local resources and community commitment. 'Fairbanks Morse Defense is joining a community that knows how to get the job done,' Henson said. 'Jackson County has the infrastructure, workforce, and partnerships to help defense manufacturers thrive because we're focused on building a regional hub that strengthens our economy and supports national security. We look forward to working with Fairbanks Morse Defense to grow local opportunity and ensure their success here on the Mississippi Gulf Coast.' The Pascagoula site is one of several key assets included in the Rolls-Royce Naval Propulsors' business acquisition. Fairbanks Morse Defense also gains a manufacturing campus in Walpole, Massachusetts, to produce critical propulsor systems for the U.S. Navy, Coast Guard, and allied naval fleets. Additionally, Fairbanks Morse Defense is in the process of acquiring Rolls-Royce's facility in Peterborough, Ontario, where it will support handling systems and undersea technology, including the Mission Bay Handling System used in the Global Combat Ship programs of the U.K., Canada, and Australia. About Fairbanks Morse Defense (FMD) Fairbanks Morse Defense (FMD) builds, maintains, and services the most trusted naval power and propulsion systems on the planet. For nearly a century, Fairbanks Morse Defense has been a principal supplier of a growing array of leading marine technologies, OEM parts, and turnkey services to the U.S. Navy, U.S. Coast Guard, Military Sealift Command, and Canadian Coast Guard. FMD stands ready to rapidly support the systems that power military fleets without compromising safety or quality. In times of peace and war, the experienced engineers, sailors, and technicians of FMD demonstrate our commitment to supporting the mission and vision of critical global naval operations wherever and whenever needed. FMD is a portfolio company of Arcline Investment Management. To learn more, visit .
Business Wire
08-07-2025
- Business
- Business Wire
Fairbanks Morse Defense Awarded Contract for FM 175D Engine to Support U.S. Navy's DDG(X) Program
BELOIT, Wis.--(BUSINESS WIRE)-- Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), has been awarded a contract to provide the U.S. Navy with an FM 175D high-speed diesel generator engine for integration into the DDG(X) land-based propulsion system test site, supporting the U.S. Navy's goal of reducing design risks as it continues developing the next-generation platform. 'Fairbanks Morse Defense has a long history of delivering mission-critical power and propulsion solutions for the U.S. Navy,' said Mike Clark, Chief Operating Officer of Fairbanks Morse Defense. 'The selection of the FM 175D for this important land-based test highlights the superior power density needed on modern surface combatants, ensuring the DDG(X) has the energy needed to operate advanced combat systems while maintaining operational efficiency.' Designed to succeed the Flight II Ticonderoga-class cruisers and the Flight I/II Arleigh Burke-class destroyers, the platform is currently in the design and feasibility stage, with construction expected to begin in 2032. As the Navy's next-generation large surface combatant, DDG(X) will integrate a wider array of advanced systems, demanding unprecedented levels of power generation. The ship is designed with an Integrated Power System (IPS) to generate, convert, and distribute power for ship operations. The DDG(X) electrical plant is expected to deliver more than 75 megawatts of power for standard operations while enabling high-energy equipment, advanced sensors, and enhanced propulsion systems. The FM 175D propulsion system generator set can produce 3.8 MW of power, which is considered among the best in class for power density. Unlike conventional high-speed engines, the FM 175D delivers significantly greater power while maximizing fuel efficiency, making it an optimal choice to reduce the life cycle costs of the DDG(X) platform. It has a power output range of 1,740 to 4,400 kilowatts and operates at 1,800 to 2,000 RPM. Fairbanks Morse Defense launched the FM 175D into the United States in 2023 to meet the growing demand for high-density power system solutions in the naval defense industry. As the most power-dense engine available in the U.S. maritime sector, the FM 175D is well-proven in maritime defense and commercial applications worldwide, offering increased electrical output for modern naval operations and combat systems. The FM 175D is available in 12, 16, or 20-cylinder configurations with a 175mm bore, and is capable of driving mechanical propulsion systems or generators for onboard power generation. About Fairbanks Morse Defense (FMD) Fairbanks Morse Defense (FMD) builds, maintains, and services the most trusted naval power and propulsion systems on the planet. For nearly 100 years, FMD has been a principal supplier of a growing array of leading marine technologies, OEM parts, and turnkey services to the U.S. Navy, U.S. Coast Guard, Military Sealift Command, and Canadian Coast Guard. FMD stands ready to rapidly support the systems that power military fleets without compromising safety or quality. In times of peace and war, the experienced engineers, sailors, and technicians of FMD demonstrate our commitment to supporting the mission and vision of critical global naval operations wherever and whenever needed. FMD is a portfolio company of Arcline Investment Management. To learn more, visit
Associated Press
08-07-2025
- Business
- Associated Press
Fairbanks Morse Defense Awarded Contract for FM 175D Engine to Support U.S. Navy's DDG(X) Program
BELOIT, Wis.--(BUSINESS WIRE)--Jul 8, 2025-- Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), has been awarded a contract to provide the U.S. Navy with an FM 175D high-speed diesel generator engine for integration into the DDG(X) land-based propulsion system test site, supporting the U.S. Navy's goal of reducing design risks as it continues developing the next-generation platform. 'Fairbanks Morse Defense has a long history of delivering mission-critical power and propulsion solutions for the U.S. Navy,' said Mike Clark, Chief Operating Officer of Fairbanks Morse Defense. 'The selection of the FM 175D for this important land-based test highlights the superior power density needed on modern surface combatants, ensuring the DDG(X) has the energy needed to operate advanced combat systems while maintaining operational efficiency.' Designed to succeed the Flight II Ticonderoga-class cruisers and the Flight I/II Arleigh Burke-class destroyers, the platform is currently in the design and feasibility stage, with construction expected to begin in 2032. As the Navy's next-generation large surface combatant, DDG(X) will integrate a wider array of advanced systems, demanding unprecedented levels of power generation. The ship is designed with an Integrated Power System (IPS) to generate, convert, and distribute power for ship operations. The DDG(X) electrical plant is expected to deliver more than 75 megawatts of power for standard operations while enabling high-energy equipment, advanced sensors, and enhanced propulsion systems. The FM 175D propulsion system generator set can produce 3.8 MW of power, which is considered among the best in class for power density. Unlike conventional high-speed engines, the FM 175D delivers significantly greater power while maximizing fuel efficiency, making it an optimal choice to reduce the life cycle costs of the DDG(X) platform. It has a power output range of 1,740 to 4,400 kilowatts and operates at 1,800 to 2,000 RPM. Fairbanks Morse Defense launched the FM 175D into the United States in 2023 to meet the growing demand for high-density power system solutions in the naval defense industry. As the most power-dense engine available in the U.S. maritime sector, the FM 175D is well-proven in maritime defense and commercial applications worldwide, offering increased electrical output for modern naval operations and combat systems. The FM 175D is available in 12, 16, or 20-cylinder configurations with a 175mm bore, and is capable of driving mechanical propulsion systems or generators for onboard power generation. About Fairbanks Morse Defense (FMD) Fairbanks Morse Defense (FMD) builds, maintains, and services the most trusted naval power and propulsion systems on the planet. For nearly 100 years, FMD has been a principal supplier of a growing array of leading marine technologies, OEM parts, and turnkey services to the U.S. Navy, U.S. Coast Guard, Military Sealift Command, and Canadian Coast Guard. FMD stands ready to rapidly support the systems that power military fleets without compromising safety or quality. In times of peace and war, the experienced engineers, sailors, and technicians of FMD demonstrate our commitment to supporting the mission and vision of critical global naval operations wherever and whenever needed. FMD is a portfolio company of Arcline Investment Management. To learn more, visit View source version on CONTACT: Fairbanks Morse Media Contact: Mercom Communications Michelle Hargis Tel: 512-347-0300 [email protected] KEYWORD: UNITED STATES NORTH AMERICA WISCONSIN INDUSTRY KEYWORD: TECHNOLOGY MANUFACTURING MARITIME TRANSPORT HOMELAND SECURITY OTHER DEFENSE DEFENSE CONTRACTS PUBLIC POLICY/GOVERNMENT ENGINEERING HARDWARE SOURCE: Fairbanks Morse Defense Copyright Business Wire 2025. PUB: 07/08/2025 01:35 PM/DISC: 07/08/2025 01:36 PM
Business Wire
09-05-2025
- Business
- Business Wire
Fairbanks Morse Defense Names Steve Pykett as Chief Executive Officer
BELOIT, Wis.--(BUSINESS WIRE)-- Fairbanks Morse Defense, a leading OEM and aftermarket provider to a large installed base of mission-critical marine technologies, today announced the appointment of Steve Pykett as Chief Executive Officer. Steve brings more than 25 years of experience in the aerospace and defense industry. Most recently, he served as President of Investment Castings at Precision Castparts Corp. (PCC), where he drove significant growth across a global operation spanning more than 30 international sites and over 7,000 employees. Prior to PCC, Steve served in senior leadership and engineering roles at L3Harris Technologies, GKN Aerospace, and Rolls-Royce. 'Steve has an exceptional track record of leading and scaling complex aerospace and defense manufacturing operations,' said a representative for the company. 'We welcome him to the Fairbanks Morse Defense team and are confident that under his leadership the company will further enhance its vital role in strengthening the U.S. maritime defense infrastructure.' Steve commented, 'I'm honored to lead this next chapter of innovation and growth alongside incredible employees whose expertise, pride, and dedication are the foundation of our mission to ensure Freedom of the Seas.' About Fairbanks Morse Defense (FMD) Fairbanks Morse Defense (FMD) builds, maintains, and services the most trusted naval power and propulsion systems on the planet. For nearly 100 years, FMD has been a principal supplier of a growing array of leading marine technologies, OEM parts, and turnkey services to the U.S. Navy, U.S. Coast Guard, Military Sealift Command, and Canadian Coast Guard. FMD stands ready to rapidly support the systems that power military fleets without compromising safety or quality. In times of peace and war, the experienced engineers, sailors, and technicians of FMD demonstrate our commitment to supporting the mission and vision of critical global naval operations wherever and whenever needed. FMD is a portfolio company of Arcline Investment Management. To learn more, visit .
