• Awarded option year for alternators and regulators to support the MK48 Mod 7 Heavyweight Torpedo program
• Secured new contract to provide MK19 Mod 2 Air Turbine Pump assemblies in support of the submarine fleet spares

BATAVIA, N.Y. -- (Business Wire)

Graham Corporation (NYSE: GHM), a global leader in the design and manufacture of mission critical fluid, power, heat transfer, vacuum, and advanced mixing technologies for the defense, space, energy, and process industries, today announced that it was awarded two contracts for a combined value of over $43 million.

The first contract awarded was a follow-on fourth option year supporting the MK48 Mod 7 Heavyweight Torpedo program, awarded in the first quarter of fiscal 2027, which ended June 30, 2026. The Company will continue to provide alternators and regulators under this option year.

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

Matthew Malone, President and Chief Executive Officer, Graham Corporation, commented, “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. Our mission-critical applications remain vital in helping our customers meet high-level performance requirements. We're proud to continue supporting the MK48 and submarine programs and look forward to building on this momentum."

The revenue for the contracts to support the MK48 Mod 7 Heavyweight Torpedo program and the MK19 Mod 2 Air Turbine Pump Assemblies will be reflected in the Company’s first and second fiscal year 2027 backlog.

About Graham Corporation

Graham is a global leader in the design and manufacture of mission-critical fluid, power, heat transfer, vacuum, and advanced mixing technologies for the Defense, Space, Energy, and Process industries. Graham Corporation and its family of global brands are built upon world-renowned engineering expertise, proprietary technologies, as well as its responsive and flexible service and the unsurpassed quality customers have come to expect from the Company’s products and systems. Graham Corporation routinely posts news and other important information on its website, grahamcorp.com, where additional information on Graham Corporation and its businesses can be found.

Safe Harbor Regarding Forward Looking Statements

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.

Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as “expect,” “will,” “look forward,” and other similar words. All statements addressing operating performance, events, or developments that Graham Corporation expects or anticipates will occur in the future, including but not limited to, profitability of future projects and the business, its ability to deliver to plan, its ability to secure future projects and applications, are forward-looking statements. Because they are forward-looking, they should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties are more fully described in Graham Corporation’s most recent Annual Report filed with the Securities and Exchange Commission (the “SEC”), included under the heading entitled “Risk Factors”, and in other reports filed with the SEC.

Should one or more of these risks or uncertainties materialize or should any of Graham Corporation’s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on Graham Corporation’s forward-looking statements. Except as required by law, Graham Corporation disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release.

Source: Graham Corporation

View source version on businesswire.com: https://www.businesswire.com/news/home/20260805250825/en/

Contacts:

For more information:
Christopher J. Thome
Vice President - Finance and CFO
Phone: (585) 343-2216

Tom Cook
Investor Relations
Phone: (203)-682-8250
Tom.Cook@Icrinc.com

Source: Graham Corporation