Graham Corp. lands $43M in defense contracts as quarterly sales hit record

Batavia-based Graham Corp. has secured two new defense contracts totaling more than $43 million to support critical U.S. Navy submarine and torpedo programs. These awards come as the company reports record-breaking first-quarter net sales of $71.3 million, representing a 29% increase over the previous year. The contracts reinforce Graham Corp.'s position as a vital supplier of mission-critical technologies for the defense sector, highlighting sustained demand for its specialized engineering capabilities.

Graham Corp. announced two significant contract awards valued at over $43 million, focusing on the U.S. Navy’s underwater warfare capabilities. The first award is a follow-on fourth option year for the MK48 Mod 7 Heavyweight Torpedo program, which involves the supply of alternators and regulators. This contract was officially awarded during the company’s first quarter of fiscal 2027, which concluded on June 30. The second award, secured in the second quarter of fiscal 2027, tasks Graham with manufacturing new-build MK19 Mod 2 air turbine pump assemblies. These components are intended to support spare inventories for the submarine fleet, with deliveries scheduled to run from 2028 through 2030.

Matthew Malone, president and CEO of Graham Corp., emphasized that these awards reflect the durable customer relationships the company has established through years of consistent execution across defense platforms. He noted that the company's mission-critical applications remain essential for helping customers meet high-level performance requirements. Graham's specialized expertise spans fluid, power, heat transfer, vacuum, and advanced mixing technologies, serving not only the defense sector but also space, energy, and process industries.

The new contracts contribute to a period of significant growth for Graham Corp., which recently reported record first-quarter net sales of $71.3 million. This 29% year-over-year increase was driven by strong performance across diversified end markets and contributions from a recent acquisition. For the defense contracting sector, Graham Corp.’s success underscores the ongoing modernization and maintenance needs of the U.S. Navy’s submarine and torpedo fleets, providing the company with a multi-year backlog of work extending through the end of the decade.