Telephonics Corporation Awarded $162M Support Contract by Lockheed Martin for U.S. Navy's Maritime Helicopter Programs

Strategic Insights -

Telephonics Corporation, a wholly owned subsidiary of Griffon Corporation, has been awarded a support contract by Lockheed Martin for its AN/APS-153(V) Multi-Mode Maritime Surveillance Radar and Communication System Control Group products supporting the U.S. Navy's MH-60R and MH-60S maritime helicopters. The contract, part of the U.S. Navy's Performance Based Logistics (PBL) contract, has a five-year base period and a two-year option, with a total contract value of $162M. Telephonics will conduct spares procurement, supply test equipment, and complete repair/replacement work on critical components of both the MMR and CSCG products to ensure aircraft sustainment needs.

Key Takeaways:

  • Telephonics Corporation, a subsidiary of Griffon Corporation, has been awarded a $162M support contract by Lockheed Martin for its AN/APS-153(V) Multi-Mode Maritime Surveillance Radar and Communication System Control Group products supporting the U.S. Navy's MH-60R and MH-60S maritime helicopters.
  • The contract, valued at $162M, has a five-year base period and a two-year option, with an initial contract value of $84M and a funded backlog of $84M.
  • Telephonics will conduct spares procurement, supply test equipment, and complete repair/replacement work on critical components of both the MMR and CSCG products to ensure aircraft sustainment needs.
  • The AN/APS-153(V) Multi-Mode Maritime Surveillance Radar provides enhanced littoral and maritime domain awareness to flight crews of the MH-60R, while the Communication System Control Group is the communication backbone of both aircraft.
  • The U.S. Navy's Performance Based Logistics (PBL) contract is designed to support the MH-60R and MH-60S programs, ensuring aircraft are equipped for demanding mission challenges.
  • Kevin McSweeney, President of Telephonics Corporation, emphasized the company's pride in providing continued support to vital U.S. Navy programs.

Statistics:

  • Total contract value: $162M
  • Initial contract value: $84M
  • Funded backlog: $84M
  • Contract duration: 7 years (5-year base period + 2-year option)

Sources:

  • Telephonics Corporation:

"Telephonics Corporation issued the following news release: Telephonics Corporation, a wholly owned subsidiary of Griffon Corporation (NYSE: GFF)"

  • Lockheed Martin:

"Awarded Telephonics Corporation a support contract for its AN/APS-153(V) Multi-Mode Maritime Surveillance Radar and Communication System Control Group products supporting the U.S. Navy's MH-60R and MH-60S maritime helicopters"