Telephonics Corp. said Wednesday it has secured a $17 million contract with Lockheed Martin Corp. for radar systems for helicopters.
Telephonics, based in Farmingdale, N.Y., is owned by Griffon Corp. Griffon is based in New York City.
Its five-year contract is to support radar for the U.S. Navy's MH-60R maritime strike helicopters. The helicopters are used to protect fleets from submarines and ships.
Telephonics specializes in communication between aircraft, radar systems, landing and guidance systems and other areas.
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Shares of Griffon closed Wednesday up 39 cents, or 3.7 percent, to $10.82.