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Since its founding in 1933, Telephonics has evolved from a manufacturer of audio headsets to an advanced-technology leader, widely recognized for highly sophisticated surveillance, communications, analysis and integration solutions. Telephonics' systems are deployed across a wide range of land, sea and air applications, providing our aerospace, defense and commercial customers with a distinct tactical advantage while helping to ensure the safety and security of military personnel and civilians worldwide. We continue to expand our business globally, including a joint venture, Mahindra Telephonics Integrated Systems, with Mahindra Defense Systems in India.