GRAHAM CORP
For the period ended Mar 31, 2024. Filed Jun 7, 2024.
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FY2024 · Filed Jun 7, 2024
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Item 2. Properties
As of March 31, 2024, we conducted our business from the following locations.
| Location · Products/Operations · Square Footage · Owned or Leased | ||||
|---|---|---|---|---|
| 1 | Batavia, NY | Corporate Headquarters | 43,000 | Owned |
| 2 | Batavia, NY | Manufacturing, Warehousing and R&D | 270,000 | Owned |
| 3 | Arvada, CO | Office | 18,000 | Leased |
| 4 | Arvada, CO | Manufacturing and Warehousing | 83,000 | Leased |
| 5 | Houston, TX | Sales Office | 1,500 | Leased |
| 6 | Jupiter, FL | Manufacturing and R&D | 16,900 | Leased |
| 7 | Suzhou, China | Sales and Engineering | 4,900 | Leased |
| 8 | Ahmedabad, India | Sales and Engineering | 800 | Leased |
We believe that our properties are generally in good condition, are well maintained, and are suitable and adequate to carry on our business. During fiscal 2024, we received a $13,500 strategic investment from a major defense customer to expand and enhance our Batavia, NY production capabilities. This expansion will include the construction of a new 30,000 square foot manufacturing facility beginning in fiscal 2025 on our existing campus, and the purchase of production and automated welding equipment. We also anticipate that additional manufacturing space will be needed over the next several years in order to support our organic growth at BN. We believe we will be able to obtain or build this additional space on commercially reasonable terms.
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