Fairbanks Morse Defense to Prioritize DEI by Forming Committee to Create Diversity Roadmap

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A defense contractor to increase the representation and inclusion of women and minorities

BELOIT, Wisconsin, May 10, 2022–(BUSINESS WIRE)–Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, is establishing a committee to develop and deploy a diversity roadmap that will increase the presence and inclusion of women, minorities and other underrepresented groups at all levels of the defense contractorthe workforce. Over the next six months, a committee that will include a cross-functional team of women, minorities, and other company representatives will drive the development of strategies and actions the defense contractor will take to strengthen its Diversity, Equity and Inclusion (DEI) Practices.

foot-and-mouth disease Environment, Social and Governance (ESG) The website platform demonstrates that the defense contractor ranks slightly above the industry average for diversity within its leadership ranks. the turnkey service provider the board and management team include 27% women and minorities, compared to an industry average of 25%. FMD’s total workforce is currently 32% diverse. The platform does not include DEI statistics for its recently acquired companies.

“Like most companies, FMD is making strides towards diversity, equity and inclusion, but we also recognize that we still have a long way to go. Our workforce must reflect our community, which has a rich representation of different voices , cultures and life experiences,” said George Whittier, CEO of FMD. “We know that a diverse workforce increases productivity and gives companies a competitive advantage. That’s why FMD needs to create and execute a diversity roadmap that will raise the bar for DEI within our own company and the industry.”

the DEI Committee begin the roadmap process by reviewing FMD’s current recruiting practices, retention efforts, community partnerships and leadership pathways and speaking with employees to better understand their experiences and identify potential opportunities. Based on this information, the committee will develop specific strategies which could include recruitment programs designed to integrate more diverse employees into the company’s workforce, STEM-related scholarships for underrepresented students , mentorship programs that will support and help retain women and minorities in management and leadership levels, internal communication programs that will mitigate unconscious bias in the workplace, expansion of community partnerships to organizations that serve marginalized neighborhoods and creating a global environment that recognizes and celebrates employee differences. Once completed, the committee will oversee the deployment of these strategies while continually measuring impact and identifying new ways to establish a company-wide culture that promotes DEI.

The Deloitte and Manufacturing Institute’s 2021 Manufacturing Talent Study shows that while women have made progress in manufacturing, making up 30% of the overall workforce and 25% of management industry, they are also nearly twice as likely to leave in favor of work-life balance and flexible hours. The number of women in the workforce has stagnated at around 24% in the aerospace and defense industry, according to EY’s 2021 Aerospace and Defense Workforce Study and the Aerospace Industry Association. Few women hold leadership positions, with only three aerospace and defense companies led by female CEOs.

Minorities in manufacturing currently make up just 10% of the total workforce, according to the Deloitte/Manufacturing Institute’s Manufacturing Talent Study. The EY/Aerospace Industries Association workforce study reports that ethnic minorities make up 30% of the industry’s workforce, and only 16% are in the executive ranks.

Visit FMD’s ESG Platform at https://www.fairbanksmorsedense.com/who-we-are/fmd-pledge.

About Fairbanks Morse Defense (FMD)

Fairbanks Morse Defense (FMD) builds, maintains and maintains the most reliable naval power and propulsion systems on the planet. For over 100 years, FMD has been the leading provider of a growing line of advanced marine technology, OEM parts, and turnkey services to the United States Navy, United States Coast Guard, Military Sealift Command, and Canadian Coast Guard. . FMD is ready to quickly support the systems that power military fleets without compromising safety or quality. In times of peace and war, FMD’s experienced engineers, sailors and technicians demonstrate our commitment to supporting the mission and vision of critical global naval operations anywhere, anytime. FMD is a portfolio company of Arcline Investment Management.

To learn more, visit www.FairbanksMorseDefense.com.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220510005409/en/

contacts

Fairbanks Morse Media Contact:
Communications Mercom
michelle hargis
Tel: 512-215-4452
[email protected]

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