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I'd like to say 'no'... but I'm not sure the rules actually support it.
If the unit rolls a 'Delayed' result, they are placed back in Reserve, as something has gone wrong and delayed their arrival. I would take that to mean that the unit didn't actually Deep Strike at that point, in which case they don't get to drop grenades.
Unfortunately, the rules for the Hawk Grenade Pack don't actually specify that the unit uses them when it Deep Strikes... just that it does so when it uses its Deep Strike ability.
Attempting to Deep Strike, even if unsuccessful, could be taken to satisfy the criteria of 'using the Deep Strike ability'... in which case, even if they are delayed, they have still used the ability, and so can still drop grenades.
Maybe they just flew over, but couldn't find a landing place they liked...
Personally, I'd still go with the 'no'... but ruleswise? It could go either way, IMO.
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