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Telephonics Awarded Second Contract with Kazan Helicopters

  Telephonics Awarded Second Contract with Kazan Helicopters

Business Wire

FARMINGDALE, N.Y. -- January 24, 2013

Telephonics Corporation (Telephonics), a wholly owned subsidiary of Griffon
Corporation (NYSE:GFF), today announced a second contract from the Russian
manufacturer of the world-renowned Mi-8/17 family of helicopters, Kazan
Helicopters, part of the Russian Helicopters company. Telephonics will supply
eighty-five (85) RDR-1600 weather avoidance search and rescue radars to Kazan
for installation on the Mi-17V-5 helicopters for delivery to the Indian Air
Force.

The RDR-1600, a high-performance airborne, weather avoidance, and surveillance
radar has been chosen by many end-users for its long detection range and
reliable performance in extreme conditions. The system provides the Indian Air
Force with a lightweight solution for their all-weather operations. With the
addition of weather alert, beacon detection, and ground mapping operational
modes, the RDR-1600 delivers accurate and precise information to the flight
crew, enhancing both mission effectiveness and safety.

This is the second time Telephonics’ RDR-1600 radar has been chosen by Kazan
Helicopters after the successful introduction, integration and delivery of 93
systems for the Indian Air Force Mi-17V-5 helicopters. “Being chosen by Kazan
and the Indian Air Force for the second time demonstrates the effectiveness
and reliability of the RDR-1600 in challenging environments,” said Mr. Kevin
McSweeney, Telephonics’ Chief Operating Officer. “We’re pleased to partner
with Kazan Helicopters in support of the Indian Air Force”

Deliveries to Kazan will begin in early summer of 2013, with final deliveries
to complete in 2014.

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.

© 2013 Telephonics Corporation. 815 Broad Hollow Road, Farmingdale, NY 11735.
All trademarks, trade names, service marks, and logos referenced herein belong
                        to their respective companies.

Contact:

Investors:
ICR, Inc.
Anthony Gerstein, 646.277.1242
anthony.gerstein@icrinc.com
or
Telephonics Corporation
Carrie Petrocca, 631.755.7583
petrocca@telephonics.com
 
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