Graham Corporation Announces It Has Secured A $136.5M Follow-On Contract Award To Support U.S. Navy's Virginia Class Submarine Program

Author: Benzinga Newsdesk | May 27, 2025 08:09am

• Secures $136.5 million contract to support the Virginia class submarine program
• Strengthens Graham's position as a critical supplier to U.S. Navy's submarine programs

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 extends from April 2025 through February 2034. The Company recognized approximately $50 million in backlog1 from this contract award during the fourth quarter of its fiscal year ending March 31, 2025 to procure long-lead time materials.

Michael E. Dixon, General Manager of Barber-Nichols, commented, "This substantial contract award reinforces our position as a trusted supplier of critical naval components and builds upon our successful execution of previous contracts for Virginia Class Submarines."

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