GHM Graham Corp

Graham Corporation (NYSE-A: GHM) announced today that it has been awarded two orders valued at approximately $5 million for two ejector systems to be installed in oil refineries located in the Middle East and in the U.S. Gulf Coast region.

Each ejector system will be used in the refining of base oils, which are primarily lubricating oils used in automobile, truck and other internal combustion engines to improve fuel economy. The first order is expected to be shipped to a refinery in the Middle East in December 2009, while the second order is planned for shipment in Graham�s fiscal fourth quarter ending March 31, 2010. Substantially all of the equipment will be produced in the Company�s Batavia, New York facility.

James R. Lines, Graham�s President and Chief Executive Officer, commented, �The increasing global demand for vehicles with higher fuel economy is driving the requirement for lubricants that reduce engine friction and heat, providing opportunities for Graham even in a weak economic environment. Despite current market conditions, we believe that the long-term demand for energy has not changed and that our pipeline for potential new orders remains robust. However, predicting when orders will be placed remains difficult, and we expect that order placement will remain sluggish until the global economic outlook improves. In the meantime, we remain focused on winning new business in order to capture greater marketshare while at the same time controlling our expenses and improving our productivity.�

ABOUT GRAHAM CORPORATION

With world-renowned engineering expertise in vacuum and heat transfer technology, Graham Corporation is a global designer, manufacturer and supplier of ejectors, pumps, condensers, vacuum systems and heat exchangers. Over the past 73 years, Graham has built a reputation for top quality, reliable products and high-standards of customer service. Sold either as components or complete system solutions, the principal markets for Graham�s equipment are the petrochemical, oil refining and electric power generation industries, including cogeneration and geothermal plants. Graham's equipment can be found in diverse applications, such as metal refining, pulp and paper processing, ship-building, water heating, refrigeration, desalination, food processing, pharmaceutical, heating, ventilating and air conditioning.

Graham Corporation�s reach spans the globe. Its equipment is installed in facilities from North and South America to Europe, Asia, Africa and the Middle East. Graham routinely posts news and other important information on its website, www.graham-mfg.com, where additional comprehensive information can be found.

Safe Harbor Regarding Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as �expects,� �estimates,� �projects,� �anticipates,� �believes,� �could,� and other similar words. All statements addressing operating performance, events, or developments that Graham Corporation expects or anticipates will occur in the future, including but not limited to, statements relating to anticipated revenues, profit margins, foreign sales operations, its strategy to build its global sales representative channel, the effectiveness of automation in expanding its engineering capacity, its ability to improve cost competitiveness, customer preferences, changes in market conditions in the industries in which Graham Corporation operates, changes in general economic conditions and customer behavior and Graham Corporation�s acquisition strategy are forward-looking statements. Because they are forward-looking, they should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties are more fully described in Graham Corporation's most recent Annual and Quarterly Reports filed with the Securities and Exchange Commission, including under the heading entitled �Risk Factors.� Should one or more of these risks or uncertainties materialize, or should any of Graham Corporation's underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on Graham Corporation's forward-looking statements. Except as required by law, Graham Corporation disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release.

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