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Graham Corporation Awarded $25.5 Million Follow On Order to Provide Engineered Products for MK48 Mod 7 Heavyweight Torpedo

1. GHM secured a $25.5 million order for MK48 Mod 7 torpedoes. 2. This contract strengthens GHM's position in defense technologies.

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Why Bullish?

The $25.5 million contract enhances GHM’s revenue prospects, likely boosting stock performance. Previous similar contracts have positively influenced GHM's market perception.

How important is it?

The contract is significant for GHM's financial health, affirming its role in defense contracts. Such developments are crucial for investor confidence and market expectations.

Why Short Term?

The follow-on order provides immediate revenue boosts, influencing quarterly earnings reports. Short-term stock movements are typically responsive to new contracts.

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BATAVIA, N.Y.--(BUSINESS WIRE)--Graham Corporation (NYSE: GHM) (“GHM” or “the Company”), a global leader in the design and manufacture of mission critical fluid, power, heat transfer and vacuum technologies for the Defense, Energy & Process, and Space industries, today announced that it has been awarded a follow-on order to produce mission-critical hardware for the MK48 Mod 7 Heavyweight Torpedo program valued at approximately $25.5 million. Matthew J. Malone, President and CEO, commented,.

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