Griffon Corp (GFF) Subsidiary Telephonics Corp. Secures Contract for U.S. Navy's MH-60R/S Helicopter Programs from Lockheed Martin RMS (LMT)
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Telephonics Corporation, a wholly owned subsidiary of Griffon Corporation (NYSE: GFF), announced today that it has been awarded a support contract from Lockheed Martin (NYSE: LMT) for its AN/APS-153(V) Multi-Mode Maritime Surveillance Radar (MMR) and Communication System Control Group (CSCG) products supporting the U.S. Navy's MH-60R and MH-60S maritime helicopters. The initial contract has a five-year base, running through 2025, and a two-year option with a contract value of $162M with current funded backlog of $84M.
Through this award, part of the U.S. Navy's Performance Based Logistics (PBL) contract in support of the MH-60R and MH-60S, Telephonics will conduct spares procurement, supply test equipment, and complete repair/replacement work on critical components of both the MMR and CSCG products supporting aircraft sustainment needs. The AN/APS-153(V) is an advanced radar system providing flight crews of the MH-60R with enhanced littoral and maritime domain awareness, while the CSCG is the communication backbone of both aircraft, providing the aircrews access to military and Air Traffic Control (ATC) radios, radio navigation aids, and onboard intercommunication nets.
"We are proud to provide our continued support to these vital U.S. Navy programs," says Kevin McSweeney, President, Telephonics Corporation. "We understand the critical mission requirements these aircraft face and stand ready to ensure they are equipped for demanding mission challenges when needed."
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