|[April 25, 2012]
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
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 (News - Alert) Mission Systems & Sensors.
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
incorporatesadvanced 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."
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.
"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 (News - Alert). 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.
© 2012 Telephonics Corporation. 815 Broad Hollow Road, Farmingdale, NY
11735. All trademarks, tradenames, service marks, and logos referenced
herein belong to their respective companies.
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