Espey awarded $19.8M contract for Navy submarine power transformers

ESPEY MFG & ELECTRONICS CORP

New contract valued at $19.8 million when fully funded for Virginia and Columbia class submarine transformers.
Chosen by General Dynamics Electric Boat to manufacture components previously designed and supplied by Espey.
Columbia class is a top DoD priority replacing Ohio class ballistic missile submarines.
CEO David O'Neil highlighted employee dedication and alignment with strategy to support U.S. military programs.

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