Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), announced that its Hunt Valve operation has been awarded purchase orders totaling $96 million to provide valves in support of the
Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), announced that its Hunt Valve operation has been awarded purchase orders totaling $96 million to provide valves in support of the construction of 12 new Virginia-class and five Columbia-class submarines. This includes ship service ball valves and forged high-pressure system valves.
The contract makes Fairbanks Morse Defense among the largest suppliers to these submarine programs. It also guarantees Hunt Valve work for the next 5+ years, enabling the company to make workforce, machinery, tools, and inventory investments that strengthen its commitment to the U.S. Navy.
“This long-lead contract signals that the U.S. Navy is listening to industry challenges and actively collaborating to find solutions that strengthen our ability to serve,” said Fairbanks Morse Defense CEO George Whittier. “As a key defender of our nation's freedom of the seas, the Navy’s silent service relies on top performance. Fairbanks Morse Defense remains committed to providing the essential components that help our fleet operate at its best.”
The Columbia-class submarines are widely considered to be among the Department of Defense’s highest priorities as they are designed to replace the existing Ohio-class submarines that will be decommissioned in the coming years. At
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