Griffon Corporation Awarded Spares Contract in Excess of $42 Million from Lockheed Martin Systems Integration for U.S. Navy's MH

JERICHO, N.Y., Oct. 8 /PRNewswire-FirstCall/ -- Griffon Corporation (NYSE: GFF) announced today that the Radar Systems Division of Telephonics Corporation, its electronic information and communication systems subsidiary, has been awarded a spares...


JERICHO, N.Y., Oct. 8 /PRNewswire-FirstCall/ -- Griffon Corporation (NYSE: GFF) announced today that the Radar Systems Division of Telephonics Corporation, its electronic information and communication systems subsidiary, has been awarded a spares contract valued in excess of $42 million from Lockheed Martin Systems Integration, Owego, NY. This modification to a previously awarded contract includes the delivery of spare components for the AN/APS-147 Multi-Mode Radar (MMR) system. These spares will support fleet deployment of the U.S. Navy's MH-60R "Sea Hawk" helicopters. With the previous award of a $318 million multi-year, full-scale production contract, the total contract value for MMR production systems, spares and services exceeds $361 million.

The AN/APS-147 radar was designed to meet the demanding mission needs of the Navy's helicopter community in the blue water and littoral sea environment in all weather conditions, day and night providing maritime domain surveillance superiority. Important advanced features of this radar include: small target detection, Inverse Synthetic Aperture Radar (ISAR) imaging, and a unique, fully internally integrated, Identification Friend or Foe (IFF) interrogator capability which is readily upgradeable to include Modes 5 and S.

"Although the AN/APS-147 MMR is a highly capable and reliable radar system which will serve Naval Aviation well for many years to come, with this complement of spares, the fleet will have maximum availability of the system with which to perform their most critical missions," said Joseph J. Battaglia, President of Telephonics Corporation. "We are proud to support Lockheed Martin and the U.S. Navy and to be a member of Team Sea Hawk."

About Telephonics

"A subsidiary of Griffon Corporation (NYSE: GFF), Telephonics' broad-based, advanced, high-technology engineering and manufacturing capabilities provide integrated information, communication, and sensor system solutions to military and commercial markets worldwide. The company is organized into four operating divisions: Communications Systems, specializing in aircraft intercommunication systems, ruggedized wireless communication systems, and commercial audio products; Radar Systems, specializing in airborne maritime surveillance radar, weather and search radar, and advanced identification friend or foe products; Electronic Systems specializing in aerospace electronics, air traffic management systems and Homeland Security products; and the Systems Engineering Group specializing in the performance of threat and radar system analyses and other support engineering functions for the Department of Defense, the Missile Defense Agency, and various other Government agencies and major prime contractors."

About Griffon Corporation

In addition to developing and manufacturing information and communication systems for government and commercial markets worldwide, Griffon Corporation is also an international leader in the development and production of embossed and laminated specialty plastic films used in the baby diaper, feminine napkin, adult incontinent, surgical and patient care markets. Griffon Corporation is also a leading manufacturer and marketer of residential, commercial and industrial garage doors sold to professional installing dealers and major home center retail chains. Through a substantial network of operations located throughout the country, Griffon's building products company also installs and services specialty building products, primarily garage doors, openers, fireplaces and cabinets for new construction markets.

Forward Looking Statements

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