News

Telephonics Corporation, a wholly owned subsidiary of the Griffon Corporation (NYSE:GFF) announced the award of an additional $54 Million in funding from Syracuse Research Corporation (SRC) for Turnkey production of an SRC product. This brings the total funding to Telephonics on the program to over $175 Million. ACSS provides the daily transport between the facilities for the SRC Project through the 2nd Quarter of Fiscal Year 2007.