Market Overview

Harris Corporation Increases Quarterly Dividend 20 Percent to 68.5 Cents per Share


The Board of Directors of Harris Corporation (NYSE:HRS) has increased
the quarterly cash dividend by 20 percent from 57 cents per share to
68.5 cents per share and declared a quarterly cash dividend of 68.5
cents per share, payable September 21, 2018, to shareholders of record
on September 7, 2018. The annualized cash dividend correspondingly
increases from $2.28 per share to $2.74 per share. The action represents
the company's 17th consecutive annual dividend increase.

"The 20 percent dividend increase reflects our continuing ability to
generate strong free cash flow and commitment to drive value for our
shareholders," said William M. Brown, chairman, president and chief
executive officer. "Our strong positions in core franchises,
differentiated technologies that align with customers' critical
missions, well-funded budgets and focus on operational excellence give
us confidence in our long-term outlook."

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

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
company's financial position and outlook are forward-looking and involve
risks and uncertainties. The declaration of dividends and the amount
thereof will depend on a number of factors, including the company's
financial condition, capital requirements, cash flow, results of
operations, future business prospects and other factors. There can be no
assurances that the company's annualized cash dividend rate will
continue to increase. Other factors that may impact the company's
results and forward-looking statements may be disclosed in the company's
filings with the SEC. 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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