Graham wins over $65M in defense and space industry contracts

Graham was awarded three contracts with a combined value of over $65M. The second option year award supporting the MK48 Mod 7 Heavyweight Torpedo program was received in Q1 of FY25 which ended June 30, 2024. The company will continue to provide alternators and regulators for this program. The contract award for the company to provide the MK19 air turbine pump for the torpedo ejection system on the Columbia-class submarine was awarded in Q2 of FY5 ending September 30, 2024. This is a new program for the company and was won through a competitive bid process. Also awarded in Q2 was a contract to provide the cryogenic recirculation pump that provides thermal conditioning for upper stage engines on launch vehicles in space. The products for all three of these contracts will be manufactured at the cArvada, Colorado operations. The revenue for the contracts to provide the second-stage cryogenic recirculation pump and to support the MK48 Mod 7 Heavyweight Torpedo program will be recognized over varied periods for the next three years while revenue for the MK19 program will be recognized over varied periods for the next eight years. The revenue from these awards had been considered in the company’s outlook for FY25.