Graham Corporation (NYSE:GHM) announces a share repurchase program. Under the program, the company will repurchase up to $18 million worth of its common stock. The company intends to repurchase shares of its common stock within certain defined parameters, in the open market or through privately negotiated transactions, block transactions, or other techniques.

The shares may be repurchased as as determined by the company's management and in accordance with prevailing market conditions and the requirements of the Securities and Exchange Commission. The repurchase authorization is open-ended and does not establish a timeframe for any purchases made under the program. The company is not obligated to acquire a particular number of shares, and the program may be discontinued at any time at the company's discretion.

As of January 29, 2015, the company has 10,100,000 common shares outstanding.