Telephonics Systems Engineering Group Awarded Contract with Naval Surface Warfare Center

pan>)--Telephonics Corporation (Telephonics), a wholly owned subsidiary of
Griffon Corporation (NYSE:GFF), announces a contract awarded to its
Systems Engineering Group (SEG) from the Naval Surface Warfare Center
(NSWC), Corona Division to support the Aegis Ballistic Missile Defense
(ABMD) system. The contract value is ~$11.5 million for the base year
with a cumulative value of $35.5 million when the two option years are
exercised.
“This continues SEGs long contractual relationship with
NSWC Corona which began in 1999, and is based on our unique capabilities
in support of missile and weapon system development.”
Under the contract, SEG will provide integrated weapon system and
missile development, test and evaluation support services. These support
services include data generation through the use of analytical system
and threat engineering tools, computer modeling and simulation, and
hardware enhancements. SEG will assess and analyze the performance of
existing and future ABMD systems, relative to current and projected
threat systems, and support the development of robust and capable future
system designs.
We are extremely pleased that NSWC has once again chosen us to provide
this specialized and critical engineering support for the ABMD program,
said Mr. Joseph J. Battaglia, President and CEO of Telephonics
Corporation. This continues SEGs long contractual relationship with
NSWC Corona which began in 1999, and is based on our unique capabilities
in support of missile and weapon system development.
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.
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 companys
management, as well as assumptions made by and information currently
available to the companys management. Actual results could differ
materially from those contemplated by the forward-looking statements.
Information concerning risks and uncertainties that may impact the
companys results and forward-looking statements are set forth in
Griffon Corporations 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.
2013 Telephonics Corporation. 815 Broad Hollow Road, Farmingdale, NY
11735. All trademarks, trade names, service marks, and logos referenced
herein belong to their respective companies.

Information Source: Business Wire

February 8th, 2013 @ 05:32pm