Telephonics' Electronic Systems Division Received Official Approval to Proceed in Supplying Mobile Surveillance Capability Systems to US Customs and Border Protection
Telephonics Corporation, a wholly owned subsidiary of Griffon Corporation (NYSE: GFF), announced today that it had received approval from Customs and Border Protection to proceed with supplying the Mobile Surveillance Capability systems for use on the southern border of the United States.
The previously awarded contract which includes MSC systems and Integrated Logistic Support, is a firm fixed price contract valued at $12.8 million in the base year and, at the option of CBP, up to four additional years with an estimated incremental value in excess of $45M. The MSC systems leverage Telephonics' previously deployed and proven surveillance technology which has effectively detected, identified and tracked items of interest along the U.S./Mexican Border.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.