Market Overview

Harris Corporation Awarded $212 Million F/A-18 Electronic Warfare System Contract

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Highlights:

  • Provides highly reliable electronic warfare technology for aircraft
    safety and mission success
  • Continuous modernization has helped to keep naval aviators ahead of
    emerging threats
  • Recognized for 100 percent on-time delivery over 21-year, $2 billion
    partnership

Harris Corporation (NYSE:HRS) has been awarded a $212 million contract
modification to supply the next production lot of electronic jammers to
protect U.S. Navy and Foreign Military Sales F/A-18 Hornet and Super
Hornet aircraft against electronic threats. The contract, which
represents the largest order on the program to date, was received during
the third quarter of Harris' fiscal 2019.

Harris will manufacture and deliver Integrated Defensive Electronic
Countermeasures (IDECM) jammers for the F/A-18C/D/E/F variants, with
deliveries under the new contract expected to be completed by August
2022. The Harris ALQ-214A(V)4/5 is the key onboard electronic warfare
(EW) jamming system for the IDECM program, protecting the aircraft from
electronic threats, including sophisticated integrated air defense
systems.

The award continues Harris' 21-year partnership with the Navy and
perfect on-time delivery record over the life of the IDECM program. The
company has received $2 billion in awards to date from the Naval Air
Systems Command for AN/ALQ-214 development and production.

"Our commitment to continually modernize IDECM has helped to keep naval
aviators ahead of emerging threats and out of harm's way," said Ed
Zoiss, president, Harris Electronic Systems. "The flawless delivery
record to the Navy over the past two decades is a remarkable achievement
and a reflection of the dedication and hard work of the Harris EW team."

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,
expected value or duration of orders, contracts or programs and about
technology 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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