Fairbanks Morse Awarded Contract to Service U.S. Coast Guard Cutters

BELOIT, Wis.–(BUSINESS WIRE)–Fairbanks Morse, a portfolio company of Arcline Investment Management and a leading provider of solutions that are powering the world forward, was awarded a six-year indefinite-delivery/indefinite-quantity (IDIQ) contract by the U.S. Coast Guard (USCG). The agreement, worth approximately $53 million, enables Fairbanks Morse to maximize and improve engine lifecycle support for the USCG’s 270-foot WMEC Famous Class Cutters.

As part of the USCG 270-foot WMEC Service Life Extension Program (SLEP), Fairbanks Morse was awarded this contract to provide services, personnel, facilities, expertise, technological information, special tools, supplies and incidental materials necessary to ensure the longevity of the fleet’s 18-cylinder FM 251F engines. The contract also includes delivery and installation of new engines, spare parts and nonrecurring engineering work.

“Fairbanks Morse has been a trusted engine and service provider to the U.S. Coast Guard for many decades, and it’s an immense honor to be selected to provide engines and services for its vessels,” said Fairbanks Morse CEO George Whittier. “We are fully committed to supporting our country’s national defense by delivering reliable products and quality service that facilitate mission-critical operations.”

Through an IDIQ contract, pricing for support services is streamlined under a single agreement, eliminating the administrative, time and cost burdens associated with working through an intermediate party. Fairbanks Morse provides Factory Certified OEM Technicians who undergo rigorous qualifications to meet the company’s high standards for delivering best-in-class support. These technicians will deliver enhanced performance and improved service life while ensuring the highest level of reliability and efficiency for USCG 270-foot Famous Class Cutters.

The U.S. Coast Guard and U.S. Navy have turned to Fairbanks Morse for over 70 years to provide quality diesel engines for marine propulsion and ship service systems. Today, Fairbanks Morse engines are installed on approximately 80% of U.S. Navy ships with a medium speed power application.

About Fairbanks Morse

Fairbanks Morse manufactures and services heavy-duty, medium-speed reciprocating engines under the Fairbanks Morse® and ALCO® brand names, which are used primarily in marine and power generation applications. Fairbanks Morse has been the original equipment manufacturer of its engines for over 125 years and has a large installed base for which it supplies aftermarket parts and services. Fairbanks Morse is the principal supplier of diesel engines to the U.S. Navy, U.S. Coast Guard and the Canadian Coast Guard. One hundred percent of manufacturing is conducted in its U.S. based facility in Beloit, Wis., while aftermarket parts and services are delivered through its growing network of service centers strategically located around the U.S. Fairbanks Morse is a portfolio company of Arcline Investment Management. Learn more about Fairbanks Morse by visiting www.fairbanksmorse.com.

Contacts

Mercom Communications

Wendy Prabhu

1.512.215.4452

www.mercomcapital.com
FairbanksMorse@MercomCapital.com

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