Market Overview

Harris Corporation Awarded $400 Million Increase to Electronic Warfare IDIQ Contract Ceiling for International F-16s

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Highlights:

  • Electronic warfare system shields F-16s from sophisticated radio
    frequency threats
  • Continues company's 15-year legacy of electronic warfare systems on
    international F-16s
  • Positions Harris to secure additional F-16 electronic warfare system
    upgrades worldwide

Harris Corporation (NYSE:HRS) has been awarded a $400 million increase
to the ceiling value of a single-award
IDIQ contract
to supply electronic warfare (EW) systems for
international F-16 fighters – helping to protect allied aircraft against
evolving radar and electronic threats. The new ceiling value is $491
million and was received during the fourth quarter of Harris' fiscal
2018.

Harris will provide AN/ALQ-211(V)4/9
Advanced Integrated Defensive Electronic Warfare Suite (AIDEWS) systems,
spares and engineering support to several allied countries as part of a
Foreign Military Sales contract through the U.S. Air Force, further
expanding the system's presence on F-16s worldwide. The ALQ-211 detects
and protects aircraft from lethal threats and provides multi-spectral –
radio frequency, infrared and laser – situational awareness. The systems
can be installed inside an aircraft fuselage or as a wing-mounted pod.

"The Harris AIDEWS system provides our allies with sophisticated,
high-performance electronic protection and offers the flexibility needed
to meet unique mission needs," said Ed Zoiss, president, Harris
Electronic Systems. "Harris has provided AIDEWS to the Air Force and its
allies since 2003 and continues to be the EW solution of choice for
international F-16s."

Harris has delivered EW solutions for a wide variety of airborne
platforms for more than sixty years. Harris airborne EW systems support
and enable missions for strategic bombers, tactical fighters and rotary
aircraft by helping aviators to detect, avoid, and where necessary,
defeat electronic threats at every level of engagement.

About Harris Corporation

Harris Corporation is a leading technology innovator, solving customers'
toughest mission-critical challenges by providing solutions that
connect, inform and protect. Harris supports government and commercial
customers in more than 100 countries and has approximately $6 billion in
annual revenue. The company is organized into three business segments:
Communication Systems, Electronic Systems and Space and Intelligence
Systems. Learn more at harris.com.

Forward-Looking Statements

This press release contains forward-looking statements that reflect
management's current expectations, assumptions and estimates of future
performance and economic conditions. Such statements are made in
reliance upon the safe harbor provisions of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934. The company cautions investors that any forward-looking statements
are subject to risks and uncertainties that may cause actual results and
future trends to differ materially from those matters expressed in or
implied by such forward-looking statements. Statements about the value
or expected value of orders, contracts or programs and about system
capabilities are forward-looking and involve risk and uncertainties.
Harris disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events, or otherwise.

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