Red Wings spokesman John Hahn says Lynch died Tuesday morning in Michigan.
Owner Mike Ilitch released a statement describing Lynch as "a member of the Detroit Red Wings family and legendary icon of our community."
He added: "Hearing Budd’s voice on the radio and over the public address at Joe Louis Arena was something that every Red Wings fan looked forward to and loved. His calm, friendly and distinguished voice was symbolic of who Budd was as a person.
"...The Red Wings, our fans and the entire hockey world will miss Budd’s renowned voice, but most of all we will miss a dear friend."
The Windsor, Ont. native served with the Essex Scottish Regiment during World War II and lost an arm in a rocket attack. He later joined the Wings as a broadcaster and had an illustrious career, receiving numerous awards.
He received the Foster Hewitt Memorial Award in 1985 and was inducted to the Michigan Sports Hall of Fame nine years later. In 2005, he was given the Ty Tyson Award for excellence in sports broadcasting.
Lynch was also public address announcer at Joe Louis Arena in Detroit for more than 25 years, and Red Wings general manager Ken Holland says he will dearly miss his persona.
"Budd Lynch will forever be synonymous with the Detroit Red Wings," said Holland. "He experienced it all in his 63 years with the organization...He had a vast knowledge of the game and the stories he could tell would have anyone who loves the sport mesmerized for hours.
"Budd was one-of-a-kind, not only in his talents as a broadcaster, but in the way he lived his life and the upbeat attitude he always carried. He will be sorely missed by everyone in the Red Wings family."
NHL commissioner Gary Bettman also lamented the loss of Lynch in a statement, saying Red Wings home games won't be the same without him.
"Budd Lynch had seen so much Red Wings history, had become so much a part of their heritage, that no visit to Joe Louis Arena for a Red Wings home game felt truly 'official' without hearing his voice," said Bettman. "The National Hockey League mourns the passing of a war hero, a Hall of Famer and an outstanding ambassador for the game. We send heartfelt condolences to his family, the Red Wings and their fans."