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.
Fairbanks Morse will supply Ship Service Diesel Generator sets for the electric power generation system aboard the US Navy's America-class amphibious assault ship LHA-9, with construction starting in 2021 and delivery to Huntington Ingalls Industries in 2023.
Fairbanks Morse received a purchase order from Lockheed Martin to build and deliver main propulsion diesel engines for the USS Cleveland (LCS-31), the sixteenth Freedom-variant littoral combat ship.
Arcline Investment Management has signed a definitive agreement to acquire Fairbanks Morse, an EnPro Industries company, for $450 million. Fairbanks Morse manufactures heavy-duty engines for marine and power generation applications.
Fairbanks Morse introduced the Trident OP opposed-piston diesel engine for prime power generation and the PoweReliability-as-a-Service platform at Power-Gen International. The engine is available in 50 Hz (3705 kWe) and 60 Hz (3335 kWe) configurations.