HRS Harris Corp.

MELBOURNE, Fla., Nov. 1 /PRNewswire-FirstCall/ -- Harris Corporation (NYSE:HRS), a world leader in weapon systems data links and anti-jam technologies for precision munitions, today announced that it has been awarded an $18.2 million follow-on contract by Boeing Integrated Defense Systems, St. Louis, Missouri, to provide Anti-Jam Global Positioning System (AJ GPS) modules for Boeing's Joint Direct Attack Munition (JDAM). The initial development contract was valued at approximately $3.9 million, bringing the total value of the program for Harris to more than $21 million since 2003. Full production and future options could increase the program's value for Harris to more than $50 million by 2008. JDAM is a low-cost tail kit that converts existing free-fall bombs into highly accurate "smart" weapons. The tail kit, developed and produced by Boeing, consists of a new tail section that contains a GPS-based Inertial Navigation System (INS). Harris is providing its advanced AJ GPS electronics module for integration into the tail kit. AJ GPS technology enhances the munition's resistance to both intentional and unintentional RF interference of the GPS satellite's signal. "JDAM is a high-profile munition that will play a significant role in any conflict where precise delivery of weapons is essential, helping to minimize casualties to noncombatants and collateral damage to vital infrastructures," said Dan Pearson, president of the Department of Defense (DoD) Programs business unit of Harris Corporation's Government Communications Systems Division (GCSD). "We are very pleased that Boeing continues to select Harris as a preferred supplier of critical AJ GPS electronics for its JDAM program." Harris GCSD conducts advanced research studies, develops prototypes, and produces and supports state-of-the-art, assured communications(TM) solutions and information systems that solve the mission-critical challenges of its military and government customers, while serving as the technology base for the company's diverse commercial businesses. Harris Corporation is an international communications and information technology company serving government and commercial markets in more than 150 countries. With headquarters in Melbourne, Florida, the company has annual sales of over $3 billion and has 12,600 employees, including 5,500 engineers and scientists. The company's four operating divisions serve markets for government communications, RF communications, broadcast communications, and microwave communications. Additional information about Harris Corporation is available at http://www.harris.com/ . Sound interesting? Find great jobs at Harris: http://www.careers.harris.com/ Forward-Looking Statement 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 expected value of the program to Harris are forward-looking and involve risks and uncertainties. Other factors that may impact the company's results and forward-looking statement 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. DATASOURCE: Harris Corporation CONTACT: Sleighton Meyer, Government Communications Systems Division, +1-321-727-6514, or , or Brent Dietz, Corporate Headquarters, +1-321-724-3554, or , both of Harris Corporation Web site: http://www.harris.com/

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