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Graham Corporation Awarded Contract for CVN-80 Aircraft Carrier


BATAVIA, NY, May 1, 2018 – Graham Corporation (NYSE: GHM), a global business that designs, manufactures and sells critical equipment for the oil refining, petrochemical, power and defense industries, announced today that it has been awarded a contract with Newport News Shipbuilding to supply steam surface condensers for the CVN-80 aircraft carrier, USS Enterprise. The contract size is undisclosed. A portion of the contract was previously recognized in Graham sales and the remainder is expected to be recognized over the next four fiscal years. Consolidated orders for the fourth quarter of fiscal 2018 were approximately $43.5 million, including the remainder of this CVN-80 order. Fiscal 2018 full year orders were $112 million.


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