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Griffon Corp. Mulls Sale Of Defense Electronics Business

Cal Biesecker By
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Griffon Corp. Mulls Sale Of Defense Electronics Business
Telephonics’ products include imaging and surveillance radar. Photo: Griffon Corp.

Griffon Corp. [GFF] on Monday said its board of directors has authorized a review of strategic alternatives for the company’s Telephonics subsidiary, which designs and produces electronic systems for defense and homeland security applications. “Telephonics, founded in 1933, has been a trusted provider of defense electronics to the United States and its allies, with a distinguished history of technical accomplishments in maritime radar and aviation systems,” Ronald Kramer, Griffon’s chairman and CEO, said in a statement. “Griffon is evaluating strategic…

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