Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), reports that it has received purchase orders from Austal USA covering the supply of critical equipment for the U.S. Navy’s
Inage: Austal USA
Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), reports that it has received purchase orders from Austal USA covering the supply of critical equipment for the U.S. Navy’s next-generation TAGOS-25 program. The equipment will be supplied by FMD’s American Fan, Federal Equipment Company (FEC), Maxim Watermakers, and Welin Lambie businesses
The TAGOS-25 ocean surveillance ships are designed to support U.S. Navy antisubmarine warfare operations by gathering underwater acoustic data through Surveillance Towed-Array Sensor System (SURTASS) equipment. This next-generation platform will replace the five aging Victorious-class TAGOS, which entered service from 1991 – 1993. Austal USA will construct the TAGOS-25 vessels in Mobile, Alabama.
“As our global rivals advance their submarine programs with cutting-edge technologies, the Military Sealift Command must modernize its capabilities to detect and outmaneuver these formidable vessels with proven, reliable equipment from trusted suppliers,” said Fairbanks Morse Defense CEO George Whittier. “With our recent acquisitions, Fairbanks Morse Defense is distinctly positioned to offer a comprehensive portfolio
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