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Graham Corporation Announces Strategic Investment by Customer to Enhance Production Capabilities in Batavia
BATAVIA, N.Y., May 01, 2025--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, space, energy, and process industries, today announced a strategic investment to support the implementation of new Radiographic Testing ("RT") equipment at Graham’s Batavia, New York facility.
About this update from Graham Corporation
[{"type":"text","content":"BATAVIA, N.Y., May 01, 2025--(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, space, energy, and process industries, today announced a strategic investment to support the implementation of new Radiographic Testing ("RT") equipment at Graham’s Batavia, New York facility.","length":461,"tagName":"p"},{"type":"text","content":"The investment of $2.2 million, from one of GHM’s customers, will enhance the Company’s capabilities in evaluating critical welds in support of the Columbia and Virginia class submarine programs. As part of the investment, Graham will also contribute $1.4 million for a total project cost of $3.6 million.","length":305,"tagName":"p"},{"type":"text","content":"Daniel J. Thoren, CEO commented, "This strategic investment in RT equipment represents our commitment to delivering the highest quality components for critical naval defense programs. The upgraded RT capabilities at our Batavia facility is expected to significantly enhance our production efficiency while ensuring superior quality control for the vital welds that support the Columbia and Virginia class submarine programs. We're grateful for our customer's commitment to drive enhanced manufacturing infrastructure and are excited to continue our partnership."","length":580,"tagName":"p"},{"type":"text","content":"The strategic investment creates opportunities to support future, multi-year orders with potential enhanced revenue expected to begin in calendar year 2026.","length":156,"tagName":"p"},{"type":"text","content":"This agreement builds upon previously announced investments by partners, including $13.5 million to expand defense production capabilities in Batavia in August 2023 and $2.1 million by the BlueForge Alliance in July 2024 to expand Graham’s welder training program in support of the U.S. Navy’s Submarine Industrial Base initiatives.","length":332,"tagName":"p"},{"type":"text","content":"About Graham Corporation","length":24,"tagName":"p"},{"type":"text","content":"Graham is 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 indus...