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Graham Corporation Wins Follow-On Contract Award to Support U.S. Navy's Virginia Class Submarine Program

1. Graham Corporation awarded $136.5 million contract for U.S. Navy submarines. 2. The contract signifies ongoing defense industry demand for GHM's technologies.

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Why Bullish?

A significant contract award of $136.5 million demonstrates strong demand and revenue generation potential, similar to past contract awards that positively influenced GHM's stock price.

How important is it?

The contract enhances GHM's financial stability and market perception, likely to improve investor confidence and stock valuation.

Why Long Term?

The contract supports GHM's long-term growth strategy in defense, providing stability and potential future contracts, reminiscent of GHM's consistent performance following similar military contracts.

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BATAVIA, N.Y.--(BUSINESS WIRE)--Graham Corporation (NYSE: GHM) (“Graham” or “the Company”), a global leader in the design and manufacture of mission critical fluid, power, heat transfer, and vacuum technologies for the defense, space, energy, and process industries, today announced that its wholly-owned subsidiary Barber-Nichols, LLC (“Barber-Nichols”) has been awarded a $136.5 million follow-on contract to support the U.S. Navy's Virginia Class Submarine program. The period of performance exte.

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