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Fairbanks Morse Defense (FMD) this week acquired Federal Equipment Company in a deal that expands and diversifies its turnkey service solutions and product offerings for Navy and Coast Guard customers. Terms of the deal were not disclosed. The acquisition includes FEC’s military and commercial businesses, although most of the company's work is for the Navy. FMD, which is based in Wisconsin, said the acquisition in particular expands its work for the U.S. Navy in the nuclear area. FEC, which is…
