Graham Corp receives $25.5 million torpedo hardware order

BATAVIA, N.Y. - Graham Corporation (NYSE:GHM), whose stock has surged 72% over the past year according to InvestingPro data, announced Tuesday it has been awarded a follow-on order valued at approximately $25.5 million to produce mission-critical hardware for the MK48 Mod 7 Heavyweight Torpedo program.

The company will manufacture and test alternators and regulators for the torpedo through its Barber-Nichols subsidiary located in Arvada, Colorado, according to a press release statement.

"This follow-on award underscores our competitive position as a trusted supplier of mission-critical components to the U.S. Navy and allied defense programs," said Matthew J. Malone, President and CEO of Graham Corporation.

Graham Corporation describes itself as a global provider of mission critical fluid, power, heat transfer and vacuum technologies for the defense, energy and process, and space industries.

The company has previously made investments to improve operational efficiency to meet current and future demand requirements for such defense contracts.

The MK48 torpedo is an advanced heavyweight torpedo used by the U.S. Navy and several allied navies for anti-submarine and anti-surface warfare.

In other recent news, Graham Corporation reported impressive financial results for the third quarter of fiscal year 2025, surpassing analysts’ expectations. The company posted an earnings per share of $0.43, significantly higher than the projected $0.22. Additionally, Graham achieved revenue of $59.3 million, exceeding the anticipated $55.83 million. In other developments, Maxim Group resumed coverage on Graham Corporation with a Buy rating and a price target of $65.00. The research firm highlighted expected growth in energy production, military defense spending, and space travel as factors that will drive demand for Graham’s equipment. Graham’s facilities in Colorado, New York, and Florida position the company to meet equipment design requests from various industrial customers. These recent developments reflect the company’s strong performance and potential growth opportunities.

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