Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, has been awarded a $99.09 million contract to ensure the availability of US attack submarines (SSNs) and ballistic missile submarines (SSBNs) into the 2030s by enacting critical life extension services. Under a Naval Sea Systems Command (NAVSEA) contract, FMD will provide repair, parts, and labor through 2030 for Emergency Diesel Generator (EDG) overhauls on six nuclear submarines.

This follow-on, sole-source award comes as the US Navy seeks to secure its global sea-based deterrent against near-peer competitors, Russia and China.…