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Griffon Hoverwork Ltd (GHL) is a British hovercraft designer and manufacturer. It was originally founded as Griffon Hovercraft Ltd in 1976, based in Southampton . The firm set about the development of its own product range, launching its first diesel -powered hovercraft, the 1000TD, in 1983.
During 2001, it was announced that the Indian Coast Guard had formed an agreement with Griffon Hoverwork to supply an initial batch of six 8000TD hovercraft, two of which were to be manufactured at GHL's boatyard in Southampton, England, while the remaining four craft were assembled from complete knocked-down kits (CKDs) supplied to the Indian company Garden Reach Shipbuilders & Engineers ...
Griffon Hoverwork (GHL) of Hythe, England has designed, manufactured and operated hovercraft for over 40 years. GHL was the first manufacturer to use turbo-diesel engines on hovercraft, which increases durability compared to conventional petrol engines when exposed to salt water conditions. The company produces an extensive range of hovercraft ...
Griffon (GFF) is likely to benefit from favorable macro trends, solid product offerings, well diversified business structure, sound manufacturing capacity, buyouts & shareholder-friendly policies.
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In 2008 Griffon Hoverwork won a contract to deliver four new 2400TD hovercraft in 2009 [5] to replace the older 2000TD hovercraft. The 2400TD was developed from the existing 2000TD but was improved to have "increased obstacle clearance and hence better sea-keeping capability, as well as an increased payload capacity".
The stock of Griffon (NYSE:GFF, 30-year Financials) shows every sign of being significantly overvalued, according to GuruFocus Value calculation.