Fairbanks Morse has changed its name to Fairbanks Morse Defense, which will serve as the umbrella company for its different divisions.
The move reflects the company’s emphasis on service to its military and commercial maritime customers while also enhancing its ability to quickly respond to its current customer base with a broader range of aftermarket service solutions, a news release from the company stated.
The rebranding will not result in any workforce reduction at the Beloit manufacturing facility and the Beloit facility will continue to manufacture engines for military naval vessels and other products, company officials said.
The Fairbanks facility in Beloit employs 440 people and will continue operations.
“Fairbanks Morse Defense is more than a name; it is our organizing principle. It serves as the primary channel through which we will seamlessly integrate our business directives and strategies throughout the company,” said George Whittier, Fairbanks Morse Defense CEO. “At the same time, this transition puts us in a better position to provide world-class service to all our customers, including those who are not in the defense sector.”
Fairbanks Morse Defense is moving its headquarters out of the manufacturing complex and into offices in downtown Beloit.
Whittier said the company is in talks with a property owner in downtown Beloit. He said he could not say where the headquarters offices will be until contracts are signed, but he said the deal is very close to completion.
The company last Tuesday announced the new name, new offices and the restructuring of its three divisions: Fairbanks Morse Engine, Fairbanks Morse Service and Ward Leonard.
The corporate realignment will have minimal impact on employees or current customers. Primary job duties and customer contacts will remain unchanged, Whittier said.
Fairbanks Morse recently shipped a PA6B STC engine to be installed in the first ship of the Royal Saudi Naval Forces’ Multi-Mission Surface Combat project.
In January, Fairbanks Morse was awarded a six-year, $53 million contract to provide services, personnel, materials and more in an effort to extend the lifespan of U.S. Coast Guard vessels and engines.
Fairbanks Morse acquired Ward Leonard in January. Based in Thomaston, Connecticut, Ward Leonard is a leading provider of motor and control solutions for military applications and has been a major supplier to the U.S. Navy.
Whittier said he and other officials from Fairbanks look forward to continuing to be a part of the Beloit community and he hopes to announce soon the plans for the company headquarters in downtown Beloit.