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Fairbanks Morse Defense's Hunt Valve Awarded $96 Million in Purchase Orders for Submarine Programs

Jan 06, 2025•over 1 year ago

Contract Type

contract

BeloitManufacturingmachinery

Description

Fairbanks Morse Defense's Hunt Valve operation has been awarded purchase orders totaling $96 million to deliver essential valves for the construction of 12 new Virginia-class and five Columbia-class submarines, guaranteeing work for the next 5+ years.

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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Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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