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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue