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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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.