HRS Harris Corp.

Named One of Top Companies for Getting Most Financial Return on R&D Spending MELBOURNE, Fla., March 10 /PRNewswire-FirstCall/ -- Harris Corporation (NYSE:HRS), an international communications and information technology company, has been recognized by technology consulting firm Booz Allen Hamilton for its innovation and the strong financial return that it receives from its research and development initiatives. Harris was named a 'High-Leverage Innovator' in the consulting firm's special report, titled "The Customer Connection: The Global Innovation 1000." Harris was identified as one of the top 118 companies for 2007 that "consistently reap the greatest financial reward for every dollar they spend on R&D." High-leverage innovators were measured on a variety of performance indicators, such as sales growth, gross profit growth, gross profit, operating profit growth, operating profit, market cap growth, and total shareholder return -- while maintaining a lower R&D-to-sales ratio than their industry medians. According to the study, innovators often shared two characteristics: strategic alignment and customer focus. In 2007, Harris conducted $924 million in government and internally funded R&D. The company significantly increased its R&D initiatives during the past five years -- more than doubling its investment in internal initiatives. These initiatives increase the flow of new products that enable the company to enter new markets, gain market share, and establish new capabilities to win significant positions on government programs. The effort has paid strong dividends for Harris, with the percentage of the company's revenue from new products increasing from 15 percent to more than 35 percent in the last three years alone. "We are extremely proud to be honored as an innovator by a prestigious firm such as Booz Allen Hamilton," said Kent Buchanan, Harris chief technology officer and vice president of engineering for its Government Communications Systems segment. "Research and development is the engine that is driving growth across our commercial and government businesses. We carefully focus our R&D spending, and look for commonalities across the business, then make fewer -- but bigger -- investments in those areas. Harris R&D programs also are strongly customer focused and leveraged in those areas we have identified as key to future growth." About Harris Corporation Harris is an international communications and information technology company serving government and commercial markets in more than 150 countries. Headquartered in Melbourne, Florida, the company has annual revenue of almost $5 billion and more than 16,000 employees -- including nearly 7,000 engineers and scientists. Harris is dedicated to developing best-in-class assured communications(TM) products, systems, and services. Additional information about Harris Corporation is available at http://www.harris.com/. DATASOURCE: Harris Corporation CONTACT: Jim Burke of Harris Corporation, +1-321-727-9131, Web site: http://www.harris.com/

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