Graham Secures $23M Follow-On Order To Support MK48 Mod 7 Heavyweight Torpedo Program

by Akanksha Bakshi, Benzinga Editor

April 6, 2023 10:15 AM | 1 min read |

Graham Corporation GHM has secured a $23 million follow-on order to support the MK48 Mod 7 Heavyweight Torpedo program.
Graham designs and manufactures the alternators and regulators for the MK48 Mod 7 Heavyweight Torpedo. The order is expected to be delivered through 2026.
The order will be reflected in GHM's 4Q23 backlog.
"We have made significant investments to provide the high quality and reliability required to supply these critical components for the U.S. Navy and other foreign militaries. Additionally, we are further investing to expand our capacity to address growing demand and ensure timely delivery of our products," commented Daniel J. Thoren, President and CEO.
Price Action: GHM shares are trading lower by 1.04% at $13.38 on the last check Thursday.

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