- Graham Corporation secures a $136.5 million follow-on contract with the U.S. Navy for the Virginia Class Submarine program.
- The contract extends from April 2025 to February 2034, with $50 million recognized in backlog as of fiscal Q4 2025.
- Graham strengthens its role as a critical supplier to the U.S. Navy through this substantial contract.
Graham Corporation (GHM, Financial), a leader in mission-critical fluid, power, heat transfer, and vacuum technologies, has announced a significant contract win through its subsidiary, Barber-Nichols, LLC. The $136.5 million contract is a follow-on agreement to support the U.S. Navy's Virginia Class Submarine program, reinforcing Graham's longstanding commitment to defense industry excellence.
The contract's performance period extends from April 2025 through February 2034, providing Graham with an opportunity to further solidify its strategic position as a key supplier of components essential to naval operations. With this award, Graham has already recognized approximately $50 million in backlog during the fourth quarter of its fiscal year ending March 31, 2025, primarily to procure long-lead time materials necessary for project execution.
Michael E. Dixon, General Manager of Barber-Nichols, expressed that this contract underscores their reliability as a "trusted supplier of critical naval components," building on the success of previous contracts for the Virginia Class Submarines. The deal not only highlights Graham's advanced engineering and manufacturing capabilities but also marks a significant step in their collaboration with HII’s Newport News Shipbuilding division.
Graham Corporation, headquartered in Batavia, New York, continues to leverage its engineering expertise to supply high-quality systems and technologies to the defense, space, energy, and process industries. The company's focus on strategic partnerships and investment in advanced machinery and facilities ensures optimal performance and delivery of mission-critical systems to the U.S. Navy.
