Arcline Investment-backed Fairbanks Morse completed the acquisition of the Naval Propulsors and Handling business of Rolls-Royce.

Arcline Investment-backed Fairbanks Morse, a premier naval engine supplier, completed the acquisition of the Naval Propulsors and Handling business of Rolls-Royce, an engineering group. Financial terms were not disclosed. “This acquisition represents a strategic investment in sustaining the United States’ defense manufacturing capabilities and ensuring we remain prepared to meet mission-critical demands. The Pascagoula foundry, in particular, plays a vital role in supporting the Navy’s maritime dominance, and its continued operation expands our capacity to serve as a trusted partner to the US military. Integrating these highly skilled workforces into Fairbanks Morse Defense strengthens our ability to deliver on our mission of supporting warfighter readiness at home and abroad,” Steve Pykett, Fairbanks Morse Defense CEO.