Graham Corp Lands $43M+ in Defense Contracts for Submarine and Torpedo Programs
GHM has more than doubled off its 52-week low of $46.08.
Summary
Graham Corp secured two defense contracts worth over $43 million combined. The first is a follow-on option year for the MK48 Mod 7 Heavyweight Torpedo program, continuing supply of alternators and regulators. The second is a new-build contract for MK19 Mod 2 air turbine pump assemblies supporting submarine fleet spares, with deliveries from 2028 through 2030. These awards add to the company's record backlog and reinforce its position in mission-critical naval systems. The contracts will be reflected in Q1 and Q2 fiscal 2027 backlog, providing multi-year revenue visibility. This follows the company's record fiscal 2026 results and strong guidance issued in June.
At the time of this announcement, GHM was trading at $104.47 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $46.08 to $125.82. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.