Srctec Inc News

According to an AP report, Griffon Corp. said the company's electronic information and communication systems unit won a $42m spare parts contract from Lockheed Martin and an $11.2m award from SRCTec Inc. Lockheed Martin Systems Integration awarded the spares contract, which is valued at more than $42m, to the radar systems division of Griffon's Telephonics Corp. The new contract includes the delivery of spare components for a multimode radar system to support the U.S. Navy's MH-60R "Sea Hawk" helicopters. The contract, which modifies a previously awarded $318m multiyear production deal, brings the total contract value to more than $361m.