Rolls-Royce Sells Naval Propulsor Business to Fairbanks Morse. As part of its ongoing strategy to hone its operations to improve financial results, UK-based Rolls-Royce is selling its naval propulsors and handling business to Fairbanks Morse Defense, a leading U.S. defense contractor. The sale comprises operations in Mississippi and Massachusetts, as well as the specialized naval handling systems unit in Peterborough, Canada.