Rolls-Royce selling naval propulsion business to Fairbanks Morse Defense

Rolls-Royce Sells Naval Propulsor Business to Fairbanks Morse

Rolls-Royce Sells Naval Propulsor Business to Fairbanks MorseAs part of its ongoing strategy to hone its operations to improve financial results, UK-b...

Rolls-Royce selling naval propulsion business to Fairbanks Morse Defense

“When you look at the 150-year history of Fairbanks Morse Defense, you will find a handful of distinctive moments that completely transformed this company. We believe [this] will become one of those moments,” George Whittier, CEO of Fairbanks Morse Defense, said in a statement.

FMD to acquire Rolls-Royce naval propulsors & handling business

Beloit, Wis.-headquartered Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management has entered into an agreement with Rolls-Royce to acquire its naval propulsors and handling business. The acquisition will include a range of propellers and waterjets for naval applications, as well as marine handling systems—which enable the deployment and recovery of manned and unmanned craft, and other cargo, from naval vessels. “Whe…

Fairbanks Morse Defense to Acquire Rolls-Royce Naval Propulsors & Handling Business

Fairbanks Morse Defense (FMD) on Thursday announced it has struck a deal with Rolls-Royce to acquire its naval propulsors and handling business. The acquisition will include a range of propellers and waterjets for naval applications, as well as marine handling systems…