Fairbanks Morse Defense (FMD), a portfolio firm of Arcline Investment Management (Arcline), is teaming with Marand Precision Engineering (Marand) to expand its best-in-class marine technologies, OEM products, and service solutions to marine defense customers in Australia.
What does Marand bring to the partnership?
Based in Victoria, Australia, Marand has established itself as a global provider of precision-engineered solutions for the defense industry. Under the terms of the long-term agreement with Fairbanks Morse Defense, Marand will manufacture and service components, as well as provide integrated solutions for Fairbanks Morse Defense’s global customer base.
“This collaboration combines the expertise of two highly respected defense contractors, giving our customers worldwide access to an even broader range of manufacturing and engineering solutions. We’re looking forward to working with FMD and expanding our ability to serve clients,” said Stuart Lindley, Future Business and Strategy for Marand Defence.
What does the partnership mean for FMD?
“Our collaboration with Marand positions us to support the sale, design and manufacture of specialized components for the Royal Australian Navy’s future programs while also giving Marand access to our highly trained field service technicians and service centers. All our customers benefit from this arrangement,” said FMD Chief Executive Officer George Whittier.
Fairbanks Morse Defense has over 80 years of working with the US Navy on their nuclear projects, and this partnership will allow the Australian market to take advantage of Fairbanks Morse Defense’s expertise and experience for their own new nuclear submarine programs.