EXHIBIT 23.2



INDEPENDENT AUDITOR'S CONSENT

We consent to the incorporation by reference in this Post-Effective Amendment
No. 1 to the Registration Statement of Graham Corporation and subsidiaries on
Form S-3 of our reports dated February 22, 1996, appearing in the Annual Report
on Form 10-K of Graham Corporation and subsidiaries for the year ended December
31, 1995 and to the reference to us under the heading "Independent Auditors",
which is part of such Registration Statement.



/s/ Deloitte & Touche LLP

DELOITTE & TOUCHE LLP
Rochester, New York
September 5, 1996