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Graham wins $136.5M follow-on contract award for Navy submarine program

Graham (GHM) announced that its wholly-owned subsidiary Barber-Nichols has been awarded a $136.5M follow-on contract to support the U.S. Navy’s Virginia Class Submarine program. The period of performance extends from April through February 2034. The company recognized approximately $50M in backlog from this contract award during the fourth quarter of its fiscal year ending March 31 to procure long-lead time materials. This contract provides an opportunity to showcase the Company’s advanced engineering and manufacturing capabilities.

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