Telephonics Corporation, a wholly-owned subsidiary of Griffon Corporation (NYSE: GFF); announced today that they recently received a contract for their APS-143C(V)3 OceanEyeTM Multi- Mode Maritime Surveillance and Imaging Radar from EADS CASA of Spain. This radar equipment will be installed on the Maritime Patrol Aircraft (MPA) to be delivered to, and operated by, the Mexican Navy. This initial contract covers the supply of radar equipment and additional support services for integration on the EADS-CASA CN-235 MPA. With this program the Mexican Navy joins many other navies and coast guards around the world in selecting the APS-143C(V)3 for their maritime surveillance needs.

"The EADS-CASA family of maritime patrol aircraft is well suited for the maritime missions of the end users and we believe that our excellent long-term relationship with CASA will provide their customers with the maritime surveillance capability they need", commented Joseph J. Battaglia, President, Telephonics Corporation. "The APS-143C(V)3 is the ideal choice for MPA operators. It is pound-for-pound, dollar-for-dollar and feature-for-feature the very best high- performance, long range, multi-mode radar available for these programs. We look forward to serving the Mexican Navy for decades to come on this and many other programs."