Telephonics received official approval to proceed supplying Mobile Surveillance Capability systems to US CBP

Telephonics Corporation, a wholly owned subsidiary of Griffon Corporation (NYSE:GFF), announced today that it had received approval from Customs and Border Protection (CBP) to proceed with supplying the Mobile Surveillance Capability (MSC) systems for use on the southern border of the United States. The previously awarded contract which includes MSC systems and Integrated Logistic Support (ILS), is a firm fixed price contract valued at $12.8 million in the base year and, at the option of CBP, up to four additional years with an estimated incremental value in excess of $45M. The MSC systems leverage Telephonics' previously deployed and proven surveillance technology which has effectively detected, identified and tracked items of interest along the U.S./Mexican Border. 'Telephonics is excited about starting this very important DHS-CBP program so we can begin sealing the border while protecting the men and women in harm's way' said Donald C. Pastor, Electronic Systems Division President. 'We look forward to supporting US Customs and Border Protection by enhancing the agents' ability to perform their vital mission. This latest tool is an enhanced version of Telephonics' successful Mobile Surveillance System which is currently deployed on the U.S./Mexican Border by CBP'.

Source: Telephonics Corp.
Date: May 6, 2011