Graham Corporation (GHM) announced a strategic investment to support the implementation of new Radiographic Testing equipment at Graham's Batavia, New York facility. The company said the investment of $2.2 million, from one of GHM's customers, will enhance its capabilities in evaluating critical welds in support of the Columbia and Virginia class submarine programs. Graham will contribute $1.4 million for a total project cost of $3.6 million.
The company said the strategic investment creates opportunities to support future, multi-year orders with potential enhanced revenue expected to begin in calendar year 2026.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.