Espey Mfg. & Electronics Corp. Announces New $29.5 Million Contract Award Supporting U.S. Navy's Columbia Class Submarine Program

SARATOGA SPRINGS, N.Y., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Espey Mfg. & Electronics Corp. (NYSE:ESP) announces new material contract. The Company has been awarded a contract valued at $29.5 million, when fully funded, to provide electric power distribution panels for the U.S. Navy's Columbia class submarines. Espey was chosen by General Dynamics Electric Boat and the U.S. Navy to manufacture components previously designed by Espey for the next-generation ballistic missile submarine fleet. The Columbia class ...