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Fairbanks Morse Defense Secures $99.09 Million Contract to Extend US Submarine Service Life into the 2030s

Oct 27, 2026

Contract Type

contract

BeloitManufacturingmachinery

Description

Fairbanks Morse Defense has been awarded a $99.09 million contract under NAVSEA to provide life extension services for US attack and ballistic missile submarines. This contract aims to ensure the availability of critical submarine capabilities through 2030, addressing the needs of the US Navy in maintaining its sea-based deterrent.

Company Information

Company

Fairbanks Morse Defense

Location

701 White Avenue

Beloit, Wisconsin, United States

About

Fairbanks Morse Defense (FMD) is the leading provider of the highest value equipment for naval defense customers. For more than 100 years, FMD has been a principal supplier of reliable power systems, parts, and aftermarket services to the U.S. Navy, U.S. Coast Guard, Military Sealift Command, and the Canadian Coast Guard. Through its six strategically located service centers and a robust aftermarket team, FMD is able to provide round-the-clock field service and parts support. Additionally, its suite of full lifecycle solutions extends asset life and enables it to run more efficiently. With a growing portfolio of companies under the FMD brand, the company continues to integrate these mission-critical products and innovative service solutions to power marine defense. FMD, a portfolio company of Arcline Investment Management, is based in Beloit, Wisconsin.

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