Griffon (GFF) Subsidiary Telephonics Wins $45M Follow-On Contract for CREW 3.1 Program
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Telephonics Corporation, a wholly owned subsidiary of the Griffon Corporation (NYSE: GFF), announced today that its Electronic Systems Division received a follow-on contract award in excess of $45M from the Sierra Nevada Corporation for continued production for the Counter Radio Frequency Improvised Explosive Device - Electronic Warfare (CREW) 3.1 Program. This follow-on award extends delivery of the CREW 3.1 devices through March 2010.
"Along with our proven performance, this award solidifies Telephonics' position as the leading manufacturer of this class of critical equipment for our nation's warfighters. Telephonics expects to exceed expectations on this program, based on our prior experience with similar equipment such as the CREW 2.0 mounted jammer effort," said Donald Pastor, President of the Electronic Systems Division. "The entire Telephonics team recognizes the importance of delivering this equipment in saving the lives of our soldiers and the sacrifices they are making for our country."
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