Graham Corporation wins $43M in defense submarine contracts

Graham Corporation (NYSE: GHM), based in Batavia, N.Y., announced it was awarded two defense contracts with a combined value of over $43 million, according to a company press release.

The first contract is a follow-on fourth option year for the MK48 Mod 7 Heavyweight Torpedo program, under which the company will continue supplying alternators and regulators. This award was made in the first quarter of fiscal year 2027, which ended June 30, 2026.

The second contract, awarded in the second quarter of fiscal 2027 ending September 30, 2026, covers the manufacture of new-build MK19 Mod 2 air turbine pump assemblies to support submarine fleet spares. Deliveries under the MK19 contract are expected to begin in 2028 and run through 2030.

Revenue from both contracts will be recorded in the company's first and second fiscal year 2027 backlog.

Matthew Malone, President and Chief Executive Officer of Graham Corporation, said, "These awards reflect the continued demand we're seeing across our defense platforms, and demonstrate the durability of our customer relationships built over years of consistent execution."

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