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Telephonics Corporation Awarded a $330M Contract for Delivery of 160 AN/APS-153 Multi-Mode Radar Systems for the U.S. Navy’s MH-60R Multi-Mission Helicopter

Dépèche transmise le 25 avril 2012 par Business Wire

FARMINGDALE, N.Y.--(BUSINESS WIRE)--Telephonics Corporation, a wholly owned subsidiary of the Griffon Corporation (NYSE:GFF) announced today its Radar Systems Division has been awarded a multi-year, full-scale production contract valued in excess of $330M from Lockheed Martin Mission Systems & Sensors.

“We are proud to continue to support Lockheed Martin and the U.S. Navy and to be an important part of Team Seahawk.”

This contract is a follow on to a previously awarded multi-year contract and includes the delivery of 160 AN/APS-153 Multi-Mode Radar systems, spares and engineering support. A portion of the systems are designated for an Australian Foreign Military Sales contract. These systems will be integrated into the Lockheed Martin advanced mission avionics package and installed on the U.S. Navy’s MH-60R “Romeo” helicopter.

The AN/APS-153 radar is the successor to the AN/APS-147, and includes Automatic Radar Periscope Detection and Discrimination (ARPDD) capability. It was designed to meet the Navy’s demanding mission requirements, providing reliable maritime domain surveillance in all weather conditions, day or night. In addition to ARPDD, the radar’s other advanced features 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.

“The AN/APS-153 Multi-Mode Radar, with the advanced ARPDD mode, provides the U.S. Navy with an unprecedented capability to successfully perform their difficult and often dangerous missions. This highly capable system incorporates advanced features which will serve Naval Aviation well for many years to come”, said Joseph J. Battaglia, President of Telephonics Corporation. “We are proud to continue to support Lockheed Martin and the U.S. Navy and to be an important part of Team Seahawk.”

About Telephonics

Telephonics' high-technology engineering and manufacturing capabilities provide integrated information, communication and sensor system solutions to military and commercial markets worldwide. Telephonics specializes in aircraft intercommunication systems, wireless communication systems, radars, identification friend or foe products, integrated security systems, air traffic management systems, aerospace electronics, and the performance of threat and radar system analyses.

About Griffon Corporation

Griffon Corporation (the “Company” or “Griffon”), headquartered in New York, N.Y., is a diversified management and holding company that conducts business through wholly-owned subsidiaries. The Company oversees the operations of its subsidiaries, allocates resources among them and manages their capital structures. The Company provides direction and assistance to its subsidiaries in connection with acquisition and growth opportunities as well as in connection with divestitures. Griffon also seeks out, evaluates and, when appropriate, will acquire additional businesses that offer potentially attractive returns on capital to further diversify itself.

About Lockheed Martin

Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs about 123,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation’s net sales for 2011 were $46.5 billion.

Forward-Looking Statements

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Certain statements other than statements of historical fact included in this release are forward-looking statements. Such forward-looking statements are based on the beliefs of the company’s management, as well as assumptions made by and information currently available to the company’s management. Actual results could differ materially from those contemplated by the forward-looking statements. Information concerning risks and uncertainties that may impact the company’s results and forward-looking statements are set forth in Griffon Corporation’s filings with the SEC. The company does not undertake to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events.

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