Graham Corporation announced that its wholly owned subsidiary, Barber-Nichols LLC, has secured multiple new orders for advanced turbomachinery and precision-engineered components from six leading customers in the commercial space launch market. The aggregate value of these orders is approximately $22 million. The orders were booked during Graham's fiscal second and third quarters and are expected to convert into revenue over the next 12 to 24 months. To meet increased demand, Graham is investing in additional production capacity and capabilities at its Barber-Nichols facility in Colorado and constructing a cryogenic test facility near its P3 Technologies subsidiary in Florida.
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