12:25 PM EDT, 08/05/2024 (MT Newswires) -- Graham (GHM) said Monday it clinched three contracts worth a total of over $65 million in its current fiscal year.

In fiscal Q1, which ended June 30, the company received a second option year award supporting the MK48 Mod 7 Heavyweight Torpedo program under which it will continue to provide alternators and regulators, it said.

Graham said in fiscal Q2 it won through a competitive bidding process a contract to provide the MK19 air turbine pump for the torpedo ejection system on the Columbia-class submarine.

Another contract awarded in fiscal Q2 involves the deployment of the cryogenic recirculation pump that provides thermal conditioning for upper stage engines on launch vehicles in space, it said.

Graham said the revenue from these contracts will be recognized over varied periods for the next three to eight years.

Shares of the company were down more than 3% in recent trading.

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