Griffin (NYSE: GFF) Subsidiary Telephonics Awarded $6.9M Contract from Lockheed Martin (LMT) for Helicopter Support Systems
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Telephonics Corporation, a wholly owned subsidiary of Griffon Corporation (NYSE: GFF), announced today that its Communication Systems Division has been awarded a contract from the Lockheed Martin Systems Integration-Owego business unit to manufacture support systems for U.S. Navy helicopters. The equipment supplied under the $6.9M contract will be delivered in early 2011.
The contract calls for the production and delivery of special test equipment required to support the Navy's Multi-Mission Helicopter communication systems and will allow the U.S. Navy to conduct fleet repairs for the helicopters. The equipment will be delivered to the Navy's Fleet Resource Center Southwest (FRC-SW) which plan to have the test capability operational in early 2011.
The equipment supports Telephonics communication systems installed on the Navy's MH-60R and MH-60S Multi-Mission Helicopters for flight and support crew communications management. The contract also includes training Navy personnel in the repair of the systems and operation of the equipment.
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