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Telephonics Corporation awarded contract for Identification Friend or Foe systems to be integrated on USAF E3 AWACS systems

Telephonics Corporation, a wholly owned subsidiary of Griffon Corporation (NYSE:GFF), announced today that it has been awarded a $60 million multi-year contract from the Air Force Life Cycle Management Command (AFLCMC), Hanscom Air Force Base, Massachusetts. Under this contract, Telephonics will supply the AN/UPX-40 Identification Friend or Foe (IFF) Interrogator for integration on to the USAF E-3 Sentry Airborne Warning and Control (AWACS) aircraft including installation kits, installation, and sustainment support.

The Telephonics’ Family of Interrogators is the only IFF interrogators to achieve DoD AIMS certification in all modes including MARK XII, Mode 5, Mode S, and Multi-channel ADS-B. The AN/UPX-40 provides the USAF AWACS aircraft with an unprecedented air surveillance capability in support of the integrated command and control battle management capability. The real-time air surveillance picture provides situational awareness of friendly, neutral and hostile activity, command and control of an area of responsibility, battle management of theater forces, all-altitude and all-weather surveillance of the battle space, and early warning of enemy actions during joint, allied, and coalition operations.

“With fifty years experience designing, developing, and delivering IFF systems throughout the world, Telephonics is uniquely qualified to field the most advanced military surveillance radar on the world’s premier airborne surveillance platform in support of the warfighter,” said Kevin McSweeney, Chief Operating Officer of Telephonics Corporation. “We are very proud of our legacy of high-performance surveillance and excited about the future of this important product line.”

Telephonics is a leading supplier of IFF Interrogators to military users worldwide. Telephonics’ IFF family of products, AN/UPX-40/43/44/505, are installed on various platforms such as the worldwide fleet of AWACS aircraft, the US Navy’s MH-60R Maritime Helicopter, P-8A Poseidon Multi Mission Aircraft, the Canadian Navy’s CP-140 Aurora, Halifax Class Frigates, CH-148 Maritime Helicopter, and the U.S. Marine Corps Ground/Air Task-Oriented Radar (G/ATOR) system.

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 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. 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, trade names, service marks, and logos referenced herein belong to their respective companies.

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