Graham Corporation Awarded Orders Totaling More Than $16 Million

$29.6 Million in Total Orders Booked in Second Quarter Fiscal 2010
BATAVIA, N.Y.--(Business Wire)--
Graham Corporation (NYSE Amex: GHM) a manufacturer of critical equipment for the
oil refinery, petrochemical and power industries, today announced that it has
been awarded orders for two refinery projects in the Middle East and a
fertilizer project in Asia with a combined value exceeding $16 million. The
orders were booked in Graham`s second quarter of fiscal 2010, which ended
September 30, 2009, and are included in the $29.6 million in total orders booked
during the quarter. The Company anticipates the majority of the related products
shipping during the second half of fiscal 2011, which begins on April 1, 2010,
and the early part of fiscal 2012.

James R. Lines, Graham`s President and Chief Executive Officer, commented, "It
is encouraging to see increased purchasing activity in our international
markets, particularly in Asia and the Middle East, where we expected the
recovery from the global recession to begin. We are also seeing renewed quoting
activity in South America. However, we do not believe our markets are in full
recovery, and we continue to expect non-uniform order levels for several more
quarters."

Mr. Lines concluded, "Throughout this contraction in the industries we serve, we
have consistently maintained our customer support levels and have sought to
strengthen our relationships with our customers as we all work through the
economic slowdown. We remain committed to being ready for the upturn in our
markets through continuous improvement in order execution and production
efficiency, and by seeking opportunities to acquire companies that would
contribute to expanded geographic capabilities, broadened markets, new customers
or additional product offerings."

Graham announced separately today its financial results for the second quarter
of fiscal 2010.

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. For over 70
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 on the
Company 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 it operates, changes in general economic
conditions and customer behavior and its 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.

Graham Corporation
Jeffrey Glajch, 585-343-2216
Vice President Finance and CFO
jglajch@graham-mfg.com
or
Kei Advisors LLC
Deborah K. Pawlowski, 716-843-3908
dpawlowski@keiadvisors.com

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