Fairbanks Morse Defense Reshaping U.S. Shipbuilding Supply Chain with Strategic Acquisitions
Fairbanks Morse Defense is taking steps to bolster the domestic shipbuilding supply chain with acquisitions that ensure a continuous supply of critical components and equipment are available for maritime defense .
- Fairbanks Morse Defense is taking steps to bolster the domestic shipbuilding supply chain with acquisitions that ensure a continuous supply of critical components and equipment are available for maritime defense .
- “ Revitalizing the U.S. shipbuilding industry requires us to adopt a new approach, but we can’t do that if we don’t have control over our national defense supply chain ,” said Fairbanks Morse Defense CEO George Whittier.
- U.S. shipbuilding has declined since the 1980s when Federal policies supporting a robust American shipbuilding industry were abandoned.
- Of the six U.S. companies manufacturing large medium-speed diesel engines before 1980, Fairbanks Morse Defense is the only remaining domestic producer.