Telephonics Corporation Awarded Contract from Israel for AN/UPX-44A Identification Friend or Foe Systems

  Telephonics Corporation Awarded Contract from Israel for AN/UPX-44A
  Identification Friend or Foe Systems

Business Wire

FARMINGDALE, N.Y. -- April 4, 2013

Telephonics Corporation (Telephonics), a wholly owned subsidiary of Griffon
Corporation (NYSE:GFF), announced today that it has been awarded a $5.4
Million contract from the Government of Israel Ministry of Defense to supply
their AN/UPX-44A Identification Friend or Foe (IFF) Interrogator, including
integration and sustainment support, on Israeli Navy vessels.

The AN/UPX-44A provides the Israeli Navy with a command and control battle
management system with unprecedented surveillance capability. The real-time
surveillance picture provides situational awareness of friendly, neutral and
hostile activity, command and control of an area of responsibility, operations
management, all-weather surveillance of the battle space, and early warning of
adversary actions during joint, allied, and coalition operations. Telephonics
has the only IFF interrogators that have achieved DoD AIMS certification in
all modes including MARK XII, Mode 5, Mode S, and Multi-channel ADS-B.

“With fifty years of experience designing, developing, and delivering IFF
systems throughout the world, Telephonics is uniquely qualified to field the
most advanced interrogators in support of Israeli operations,” said Kevin
McSweeney, Telephonics’ Chief Operating Officer. “We are very proud of our
legacy of high-performing interrogators and excited about the future of this
important product line.”

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, 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.


ICR, Inc.
Anthony Gerstein, 646-277-1242
Telephonics Corp.
Carrie Petrocca, 631-755-7583
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