Fairbanks Morse Defense has purchased Federal Equipment Company, a supplier of specialized military replacement parts for naval equipment, in a move to expand FMD’s portfolio of products designed to support the U.S. Navy’s nuclear reactor-powered ships.
FMD said Wednesday the deal includes FEC’s businesses that design and manufacture specialized components and systems for the U.S. Coast Guard and Navy and the commercial sector.
Cincinnati-headquartered FEC has offices in Virginia and the U.K. and has approximately 145 employees. The company is building a 50,000 sq. ft. manufacturing facility expected to open in mid-2022.
“The capabilities, experience, and quality reputation that we’re acquiring with FEC reinforce this commitment and solidify our position as a proven, single-source provider to our naval customers,” said FMD CEO George Whittier.
The transaction is the latest in a series of acquisitions FMD has made to grow its defense sector offerings. The company has acquired Hunt Valve Company, Ward Leonard and Welin Lambie.
