Market Overview

Harris Corporation Awarded $84 Million Contract to Produce Experimental Space Vehicle to Enhance GPS Capabilities

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Highlights:

  • Demonstrates new position, navigation and timing capabilities to
    improve GPS resiliency
  • Reprogrammable approach provides flexibility and agility throughout
    the satellite's lifecycle
  • Leverages company's 40-plus-year experience transmitting GPS
    navigation signals

Harris Corporation (NYSE:HRS) has received an $84 million contract to
produce Navigation Technology Satellite-3 (NTS-3), an experimental
satellite that will demonstrate new position, navigation and timing
capabilities to improve the resiliency of the Global Positioning System
(GPS).

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20190408005097/en/

Harris Corporation (NYSE:<a class=HRS) has received an $84 million contract to produce Navigation Technology ... " src="https://mms.businesswire.com/media/20190408005097/en/714401/4/Harris-Corp-NTS-3j-%281%29.jpg">

Harris Corporation (NYSE:HRS) has received an $84 million contract to produce Navigation Technology Satellite-3 (NTS-3), an experimental satellite that will demonstrate new position, navigation and timing capabilities to improve the resiliency of the Global Positioning System (GPS).
(Photo: Business Wire)

The Space Enterprise Consortium selected Harris as the prime system
integrator to design, develop, integrate and test NTS-3, including
ground mission applications. The contract was signed in December 2018.
Scheduled to launch in 2022, the position, navigation and timing (PNT)
satellite will simultaneously broadcast military and earth coverage
signals at increased power levels – enabling it to operate in contested
environments.

The time keeping system will use diverse timing sources to improve
mission stability, anomaly detection and correction. The system's design
will enable Harris to rapidly develop and deploy new waveforms to
reprogram and update the satellite throughout its lifecycle.

"The Harris solution extends beyond the traditional bounds of
space-based reprogrammable payloads to enable new techniques to combat
evolving threats," said Chris Forseth, vice president and general
manager, Harris Space Superiority business.

Harris will leverage its 40-plus years of Harris GPS and space antenna
expertise to support all phases of the project. Harris' expertise in
creating and sending GPS signals extends back to the mid-1970s – with
the company providing navigation technology for every U.S. GPS satellite
ever launched. Originally developed for warfighters, millions of people
around the world and billions of dollars of commerce now depend on the
accurate, reliable GPS signal created and sent by Harris navigation
technology.

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 risks 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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