Fairbanks Morse Defense in talks with Navy about Seawolf-class submarine repairs
Fairbanks Morse Defense is already conducting repairs on the Ohio- and Los Angeles-class submarines.
Fairbanks Morse Defense is already conducting repairs on the Ohio- and Los Angeles-class submarines.
“We’ve got protection in our contracts from tariffs,” one defense industry executive told Breaking Defense. “There are fixed priced contracts that that would hurt on, but for the most part, we’re not super worried about it, to be honest.”
The companies’ memorandum of understanding, signed today at the Sea Air Space conference, is the latest example of teaming between the US maritime industry and foreign shipbuilders based in South Korea or Japan.
“When you look at the 150-year history of Fairbanks Morse Defense, you will find a handful of distinctive moments that completely transformed this company. We believe [this] will become one of those moments,” George Whittier, CEO of Fairbanks Morse Defense, said in a statement.
Almost ten years ago, Congress tried — after much self-flagellation — to do away with earmarks by declaring a moratorium on their use. An earmark was defined in House and Senate rules as any congressionally directed spending, tax advantage or tariff that would benefit an entity or a specific state, locality or congressional district. Members at the […]
WASHINGTON: An obscure change in an arcane statute could open a major Navy contract to lower priced components from South Korea. But America’s last domestic manufacturer of ship-sized diesel engines, Fairbanks Morse, is fighting back. While a Navy spokesman told me the service has a plan to protect the industrial base — a major worry for the […]