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home / news releases / V - Griffon's subsidiary bags contract worth $162M from Lockheed Martin

V - Griffon's subsidiary bags contract worth $162M from Lockheed Martin

Visa Inc.
Griffon's (GFF) subsidiary, Telephonics, awarded a support contract from Lockheed Martin for its AN/APS-153(V) Multi-Mode Maritime Surveillance Radar and Communication System Control Group products.Telephonics will conduct spares obtainment, supply test equipment, and complete repair/replacement work on critical parts of both the MMR and CSCG products supporting aircraft sustainment needs.The initial contract has a five-year base, running through 2025, and a two-year option with a contract value of $162M with current funded backlog of $84M.Press Release

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Griffon's subsidiary bags contract worth $162M from Lockheed Martin
Stock Information
Company Name: Visa Inc.
Stock Symbol: V
Market: NYSE
Website: usa.visa.com
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