Fairbanks Morse Defense was a supplier of marine technologies, engines, details, etc. for U.S. Navy, U.S. Coast Guard, Military Sealift Command, and Canadian Coast Guard working since 1823.
History
editIn 1823, Thaddeus Fairbanks founded an ironworks in St. Johnsbury, Vermont, where he began manufacturing two of his inventions: a cast iron plow and a heating stove. By 1829, he had expanded into the hemp dressing industry, creating machinery for the venture, though it did not find success in fiber factory production. However, another invention by Morse, the platform scale, patented in June 1832, became the cornerstone for what would later evolve into Fairbanks Morse and Company.[1] This innovation, along with his brother Erastus Fairbanks, propelled E. & T. Fairbanks & Company to sell thousands of scales across the United States and later globally in Europe, South America, and Imperial China. Over the years, the company's scales earned 63 medals in international competitions, marking significant achievements.[2][3] The products of Fairbanks Morse were often illustrated and described in Popular Mechanics, Time and other magazines.[4]
Fairbanks Morse Defense, a subsidiary of Arcline Investment Management, was established following the acquisition of Fairbanks Morse Engine from EnPro Industries on January 21, 2020.[5][6] Fairbanks Morse Defense started with expansion into the defense sector, leveraging the legacy and expertise of its past in engine manufacturing.[7]
In 2021, the company acquired Ward Leonard,[8] Welin Lambie,[9] and Hunt Valve,[10] thus creating the Fairbanks Morse Defense family of brands. The expansion continued in 2022 with the addition of Federal Equipment Company,[11] Maxim Watermakers,[12] and Research Tool and Die (RT&D).[13]
In October, Fairbanks Morse Defense acquired American Fan,[14] and in 2024, the company purchased Massachusetts-based metalworking supplier Samtan Engineering Corporation.[15]
Structure
editFairbanks Morse Defense currently powers more than 80% of the Navy's ships with medium-speed engine applications. The company's structure involves Fairbanks Morse Services, Fairbanks Morse Technology and FMD's Strategic Collaborators.
References
edit- ^ LIFE. Time Inc. 1944-07-10.
- ^ Churella, Albert J. (1998-08-03). From Steam to Diesel: Managerial Customs and Organizational Capabilities in the Twentieth-Century American Locomotive Industry. Princeton University Press. ISBN 978-1-4008-2268-3.
- ^ Catalogue of Copyright Entries. Jon Orwant.
- ^ Popular Mechanics. Hearst Magazines. 1951.
- ^ "EnPro Industries Announces Successful Completion of Fairbanks Morse Sale for $450 Million in Cash". NASDAQ. 21 January 2020.
- ^ "Enpro Industries Announces Successful Completion of Fairbanks Morse Sale for $450 Million in Cash". 21 January 2020.
- ^ Wolf, Clint (2021-04-27). "Fairbanks Morse Defense is now name of local company". Beloit Daily News. Retrieved 2024-03-25.
- ^ Biesecker, Cal (2021-01-06). "Naval Engine Maker Fairbanks Morse Acquires Aftermarket Services Company Ward Leonard". Defense Daily. Retrieved 2024-03-25.
- ^ "Fairbanks Morse Defense buys naval supplier Welin Lambie". Janes.com. Retrieved 2024-03-25.
- ^ "Hunt Valve Awarded PO to Deliver Essential Valves for Coast Guard Polar Security Cutter". Yahoo Finance. 2024-01-10. Retrieved 2024-03-25.
- ^ Victor, Nancy (2022-01-06). "Fairbanks Morse Defense acquires Federal Equipment Company". Naval Technology. Retrieved 2024-03-25.
- ^ Team, S. W. M. (2022-01-27). "Fairbanks Morse Defense acquires Maxim Watermakers". Smart Water Magazine. Retrieved 2024-03-25.
- ^ Sharma, Soumya (2022-06-03). "Fairbanks Morse Defense acquires California-based Research Tool & Die". Naval Technology. Retrieved 2024-03-25.
- ^ Staff, Marine Log (2023-10-30). "Fairbanks Morse Defense acquires American Fan". Marine Log. Retrieved 2024-03-25.
- ^ Prevljak, Naida Hakirevic (2024-01-04). "Fairbanks Morse acquires metalworking supplier". Naval Today. Retrieved 2024-03-25.