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Fairbanks Morse, a manufacturer of diesel engines for the Navy and Coast Guard, acquired Ward Leonard Operating, a provider of merger and control solutions for military applications. Terms were not disclosed.
“The acquisition of Ward Leonard expands the Fairbanks Morse product portfolio into complementary technologies, positioning us to serve as a power system integrator to the U.S. Navy and U.S. Coast Guard.”defensedaily.com
Summarized from public sources; check the original articles before acting on it.