11:13 AM EDT, 05/01/2025 (MT Newswires) -- Graham (GHM) said Thursday that it received a $2.2 million investment from one of its customers to support the implementation of new radiographic testing equipment at the company's Batavia, New York, facility.

As part of the investment, the company said it will also contribute $1.4 million for a total project cost of $3.6 million.

The investment will enhance its capabilities in evaluating critical welds in support of the Columbia and Virginia class submarine programs, the company said.

The strategic investment creates opportunities to support future, multi-year orders with potential enhanced revenue anticipated to commence in calendar year 2026, according to the company's statement.

Price: 31.50, Change: +1.02, Percent Change: +3.33